EMERALD RESOURCES NL — Capital/Financing Update 2022

Apr 19, 2022

Application for quotation of +securities

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Announcement Summary

Entity name

EMERALD RESOURCES NL

Announcement Type

New announcement

Date of this announcement

Wednesday April 20, 2022

The +securities to be quoted are:

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+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
EMR	ORDINARY FULLY PAID	6,204,599	20/04/2022

Refer to next page for full details of the announcement

Application for quotation of +securities

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Application for quotation of +securities

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Part 1 - Entity and announcement details

1.1 Name of entity

EMERALD RESOURCES NL

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1.2 Registered number type

ACN

Registration number 009795046

1.3 ASX issuer code

EMR

1.4 The announcement is

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New announcement

1.5 Date of this announcement

20/4/2022

Application for quotation of +securities

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Application for quotation of +securities

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Part 2 - Type of Issue

2.1 The +securities to be quoted are:

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+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Previous Appendix 3B details:

Announcement Date and	Announcement Title	Selected Appendix 3B to submit quotation
Time		request
08-Dec-2021 18:13	New - Proposed issue of securities -	A placement or other type of issue
	EMR

2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B?

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Yes

2.3a.3 Please provide details of the further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B

The Company has signed a Takeover Bid Implementation Agreement with Bullseye Mining Limited (Bullseye), to acquire all of the issued shares of Bullseye (that it does not already own) in a share based transaction.

Application for quotation of +securities

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Application for quotation of +securities

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Part 3A - number and type of +securities to be quoted where issue has previously been notified to ASX in an Appendix 3B

Placement Details

ASX +security code and description EMR : ORDINARY FULLY PAID

Issue date 20/4/2022

Distribution Schedule

Provide a distribution schedule for the new +securities according to the categories set out in the left hand column - including the number of recipients and the total percentage of the new +securities held by the recipients in each category.

		Total percentage of +securities held
Number of +securities held	Number of holders	For example, to enter a value of 50%
		please input as 50.00
1 - 1,000		%
1,001 - 5,000		%
5,001 - 10,000		%
10,001 - 100,000		%
100,001 and over		%

Application for quotation of +securities

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Application for quotation of +securities

Issue details

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Number of +securities to be quoted

6,204,599

Are the +securities being issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

The Company is issuing 1 Emerald share for every 3.43 Bullseye shares held.

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted

7,786,771.000000

Any other information the entity wishes to provide about the +securities to be quoted

Application for quotation of +securities

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Application for quotation of +securities

Part 4 - Issued capital following quotation

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Following the quotation of the +securities the subject of this application, the issued capital of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +securities (total number of each +class of +securities quoted on ASX following the +quotation of the +securities subject of this application)

	Total number of
ASX +security code and description	+securities on issue
EMR : ORDINARY FULLY PAID	565,283,494

4.2 Unquoted +securities (total number of each +class of +securities issued but not quoted on ASX)

	Total number of
ASX +security code and description	+securities on issue
EMRAF : OPTION EXPIRING 08-OCT-2025 EX $0.77	650,000
EMRAL : OPTION EXPIRING 14-MAR-2027 EX $1.32	350,000
EMRAH : OPTION EXPIRING 23-FEB-2026 EX $0.95	550,000
EMRAG : OPTION EXPIRING 04-JAN-2026 EX $0.82	600,000
EMRAB : OPTION EXPIRING VARIOUS DATES VARIOUS PRICES	2,650,000
EMRAE : OPTION EXPIRING 30-JUL-2025 EX 67C	5,200,000
EMRAI : OPTION EXPIRING 22-MAR-2026 EX $0.94	350,000
EMRAD : OPTION EXPIRING 19-MAY-2025 EX 53C	750,000
EMRAK : OPTION EXPIRING 29-JUL-2026 EX $1.09	3,375,000
EMRAC : OPTION EXPIRING 12-MAR-2025 EX 51C	600,000
EMRAJ : OPTION EXPIRING 03-MAY-2026 EX $1.02	150,000

Application for quotation of +securities

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