EQ RESOURCES LIMITED — Share Issue/Capital Change 2024

Nov 28, 2024

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

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Announcement Summary

Entity name

EQ RESOURCES LIMITED

Date of this announcement

Friday November 29, 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 OPTION EXPIRING 29-NOV-2027 EX $0.07 20,000,000 29/11/2024 to be confirmed

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

EQ 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 ACN 115009106

1.3 ASX issuer code

EQR

1.4 The announcement is

New announcement

1.5 Date of this announcement

29/11/2024

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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)

ASX +security code +Security description New class - code to be confirmed OPTION EXPIRING 29-NOV-2027 EX $0.07 +Security type ISIN code Options

Date the +securities the subject of this notification were issued

29/11/2024

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? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
Mr Oliver Kleinhempel	Same	8,000,000
Mr Stephen Weir	Same	3,000,000
Mr Stephen Layton	Same	3,000,000
Mr Zhui Pei Yeo	Same	3,000,000
Mr Richard Morrow	Same	3,000,000

Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? No

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

Options Details

+Security currency

+Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.07000000 29/11/2027

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

EQR : ORDINARY FULLY PAID

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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

29-NOV-2024 Notice of Annual General Meeting/Proxy Form: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02873257-2A1558522

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

One EQR fully paid ordinary share will be issued for each option exercised

Issue details

Number of +securities

20,000,000

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Part 4 - +Securities on issue

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
EQR : ORDINARY FULLY PAID	2,237,532,451
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
EQRAO : OPTION EXPIRING 03-JUL-2026 EX $0.10	15,800,000
EQRAA : OPTION EXPIRING 18-JAN-2026 EX $0.10	78,000,000
EQRAR : OPTION EXPIRING 22-NOV-2026 EX $0.10	20,000,000
EQRAM : OPTION EXPIRING 07-NOV-2025 EX $0.065	19,451,674
EQRAP : CONVERTIBLE NOTES	750,000
EQRAQ : OPTION EXPIRING 29-MAY-2027 EX $0.0675	103,452,002
EQRAN : OPTION EXPIRING 31-JAN-2026 EX $0.065	1,250,000
New class - code to be confirmed : OPTION EXPIRING 29-NOV-2027 EX $0.07	20,000,000

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

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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? No

5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? Yes

5.2a Date of meeting or proposed meeting to approve the issue under listing rule 7.1

29/11/2024

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