ENCOUNTER RESOURCES LIMITED — Share Issue/Capital Change 2024

Dec 12, 2024

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

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Announcement Summary

Entity name

ENCOUNTER RESOURCES LIMITED

Date of this announcement

Friday December 13, 2024

The +securities the subject of this notification are:

+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

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 exercisable at $0.52 expiring 11	3,200,000	12/12/2024
to be confirmed	December 2028
New class - code	Performance rights expiring 31 December 2026	1,096,500	12/12/2024
to be confirmed

Refer to next page for full details of the announcement

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

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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

ENCOUNTER RESOURCES LIMITED

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 ABN 47109815796

1.3 ASX issuer code

ENR

1.4 The announcement is

New announcement

1.5 Date of this announcement

13/12/2024

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

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)

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ASX +security code +Security description
New class - code to be confirmed Options exercisable at $0.52 expiring 11 December 2028
+Security type ISIN code
Options
Date the +securities the subject of this notification were issued
12/12/2024
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Were any of the +securities issued to +key management personnel (KMP) or an +associate?
No
Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under
listing rule 6.1?
Yes
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued.
Refer notice of meeting lodged with ASX on 23 October 2023 for material terms of the Company's Employee Share and
Option Plan https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02728850-6A1175693 and
-
notice of meeting lodged 30 October 2024 for material terms of the Company's Performance Rights Plan https://cdn api.m
arkitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02874393-6A1234810
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Options Details
+Security currency	Exercise price	Expiry date
AUD - Australian Dollar	AUD 0.52000000	11/12/2028

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

ENR : 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

Refer notice of meeting lodged with ASX on 23 October 2023 for material terms of the Company's Employee Share and Option Plan https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02728850-6A1175693 and - notice of meeting lodged 30 October 2024 for material terms of the Company's Performance Rights Plan https://cdn api.m arkitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02874393-6A1234810

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

None

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

Issue details

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Number of +securities

3,200,000

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ASX +security code +Security description
New class - code to be confirmed Performance rights expiring 31 December 2026
+Security type ISIN code
Other
Date the +securities the subject of this notification were issued
12/12/2024
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Were any of the +securities issued to +key management personnel (KMP) or an +associate?
No
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued.
Refer notice of meeting lodged with ASX on 23 October 2023 for material terms of the Company's Employee Share and
Option Plan https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02728850-6A1175693 and
-
notice of meeting lodged 30 October 2024 for material terms of the Company's Performance Rights Plan https://cdn api.m
arkitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02874393-6A1234810
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
Refer notice of meeting lodged with ASX on 23 October 2023 for material terms of the Company's Employee Share and
Option Plan https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02728850-6A1175693 and
-
notice of meeting lodged 30 October 2024 for material terms of the Company's Performance Rights Plan https://cdn api.m
arkitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02874393-6A1234810
Any other information the entity wishes to provide about the +securities the subject of this notification
None
Issue details
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Number of +securities

1,096,500

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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
ENR : ORDINARY FULLY PAID	497,135,195
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
ENRAZ : OPTION EXPIRING 17-DEC-2027 EX $0.397	1,000,000
ENRAE : OPTION EXPIRING 28-FEB-2027 EX $0.208	150,000
ENRAO : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	1,400,000
ENRAD : OPTION EXPIRING 15-JAN-2027 EX $0.283	250,000
ENRAAB : OPTION EXPIRING 28-NOV-2028 EX $0.59	363,000
ENRAX : OPTION EXPIRING 23-NOV-2027 EX $0.556	660,000
ENRAT : OPTION EXPIRING 28-NOV-2025 EX $0.224	3,630,000
ENRAAA : OPTION EXPIRING 10-SEP-2028 EX $0.65	100,000
ENRAU : OPTION EXPIRING 28-JUN-2026 EX $0.19	1,200,000
ENRAS : OPTION EXPIRING 30-APR-2025 EX $0.212	800,000
ENRAG : OPTION EXPIRING 13-JUL-2027 EX $0.592	400,000
ENRAY : OPTION EXPIRING 25-FEB-2028 EX $0.355	150,000
ENRAC : OPTION EXPIRING 30-NOV-2026 EX $0.268	3,980,000
ENRAH : OPTION EXPIRING 24-JUL-2027 EX $0.677	400,000
ENRAF : OPTION EXPIRING 20-JUN-2027 EX $0.368	200,000

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
ENRAW : OPTION EXPIRING 01-AUG-2027 EX $0.689	400,000
New class - code to be confirmed : Options exercisable at $0.52 expiring 11 December 2028	3,200,000
New class - code to be confirmed : Performance rights expiring 31 December 2026	1,096,500

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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

13

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