EMERALD RESOURCES NL — Share Issue/Capital Change 2024

Mar 25, 2024

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Announcement Summary

Entity name

EMERALD RESOURCES NL

Date of this announcement

Tuesday March 26, 2024

The +securities the subject of this notification are:

+Securities issued under an +employee incentive scheme that are subject to a restriction on transfer and are not being quoted on ASX until the restriction ends

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
New class - code	Options expiring 21 March 2029 exercisable at	500,000	26/03/2024
to be confirmed	$3.51 subject to various vesting conditions

Refer to next page for full details of the announcement

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 1 - Entity and announcement details

1.1 Name of entity

EMERALD RESOURCES NL

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type Registration number ACN 009795046

1.3 ASX issuer code

EMR

1.4 The announcement is

New announcement

1.5 Date of this announcement

26/3/2024

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+Securities issued under an +employee incentive scheme that are subject to a restriction on transfer and are not being quoted on ASX until the restriction ends

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

does not have an existing ASX security code ("new class")

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Part 3C - number and type of +securities the subject of this notification (new class)

New +securities issued under an +employee incentive scheme

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----- Start of picture text ----- ASX +security code +Security descriptionNew class - code to be confirmed Options expiring 21 March 2029 exercisable at $3.51subject to various vesting conditions+Security type ISIN codeOptionsDate the +securities the subject of this notification were issued26/3/2024Will all the +securities issued in this class rank equally in all respects from their issue date?YesWere any of the +securities issued to +key management personnel (KMP) or an +associate?NoHave you received confirmation from ASX that the terms of the +securities are appropriate and equitable underlisting rule 6.1?YesPlease provide a URL link for a document lodged with ASX setting out the material terms of the +securities beingissued.- -Refer ASX announcement dated 26 October 2023 (Schedule 4) - https://cdn api.markitdigital.com/apiman gateway/ASX/asx-research/1.0/file/2924-02730265-6A1176362----- End of picture text -----

Options Details
+Security currency	Exercise price	Expiry date
AUD - Australian Dollar	AUD 3.51000000	21/3/2029

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

EMR : ORDINARY FULLY PAID

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02730265-6A1176362

Any other information the entity wishes to provide about the +securities the subject of this notification

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Issue details

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Number of +securities

500,000

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Part 4 - +Securities on issue

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Following the issue, conversion or payment up of the +securities the subject of this notification, the +securities of the entity will comprise:

The figures in parts 4.1 and 4.2 below are automatically generated and may not reflect the entity's current issued capital if other Appendix 2A, Appendix 3G or Appendix 3H forms are currently with ASX for processing.

4.1 Quoted +securities (Total number of each +class of +securities issued and quoted on ASX)

	Total number of
ASX +security code and description	+securities on issue
EMR : ORDINARY FULLY PAID	625,883,492
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
EMRAR : OPTION EXPIRING 28-FEB-2029 EX $3.70	250,000
EMRAF : OPTION EXPIRING 08-OCT-2025 EX $0.77	150,000
EMRAL : OPTION EXPIRING 14-MAR-2027 EX $1.32	350,000
EMRAQ : OPTION EXPIRING 12-SEP-2028 EX $2.84	2,270,000
EMRAH : OPTION EXPIRING 23-FEB-2026 EX $0.95	400,000
EMRAG : OPTION EXPIRING 04-JAN-2026 EX $0.82	125,000
EMRAE : OPTION EXPIRING 30-JUL-2025 EX 67C	3,500,000
EMRAI : OPTION EXPIRING 22-MAR-2026 EX $0.94	350,000
EMRAM : OPTION EXPIRING 14-JUN-2027 EX $1.40	250,000
EMRAD : OPTION EXPIRING 19-MAY-2025 EX 53C	75,000
EMRAK : OPTION EXPIRING 29-JUL-2026 EX $1.09	3,137,500
EMRAC : OPTION EXPIRING 12-MAR-2025 EX 51C	350,000
EMRAJ : OPTION EXPIRING 03-MAY-2026 EX $1.02	150,000
EMRAO : OPTION EXPIRING 13-APR-2028 EX $1.94	1,000,000
EMRAP : OPTION EXPIRING 16-MAY-2028 EX $2.17	250,000

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

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities
EMRAN : OPTION EXPIRING 17-OCT-2027 EX $1.37	2,300,000
New class - code to be confirmed : Options expiring 21 March 2029 exercisable at $3.51	500,000
subject to various vesting conditions

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Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

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