FIRST AU LIMITED — Capital/Financing Update 2023

Jul 17, 2023

Application for quotation of +securities

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Announcement Summary

Entity name

FIRST AU LIMITED

Announcement Type

New announcement

Date of this announcement

Tuesday July 18, 2023

The +securities to be quoted are:

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Other

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
New class - code	Options having an exercise price of $0.012 (1.2	270,000,000	17/05/2023
to be confirmed	cents) and an expiry date of 17 November 2024.

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

FIRST AU LIMITED

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

ABN

Registration number 65000332918

1.3 ASX issuer code

FAU

1.4 The announcement is

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New announcement

1.5 Date of this announcement

18/7/2023

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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Other

2.2 The +securities to be quoted are:

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New +securities in a class that is not yet quoted on ASX ("new class")

2.3c Have these +securities been offered under a +disclosure document or +PDS?

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No

2.3d Please provide any further information needed to understand the circumstances in which you are applying to have these +securities quoted on ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

Under this Appendix 2A, the Company is applying for quotation of 270,000,000 existing options (FAUAQ) having an exercise price of $0.012 and expiring 17 November 2024.

2.4 Any on-sale of the +securities to be quoted within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of:

The publication of a +disclosure document or +PDS involving the same class of securities as the +securities to be quoted that meets the requirements of section 708A(11) or 1012DA(11)

Application for quotation of +securities

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Application for quotation of +securities

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Part 3C - number and type of +securities to be quoted (new class) where issue has not previously been notified to ASX in an Appendix

3B

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New +securities
ASX +security code +Security description
New class - code to be confirmed Options having an exercise price of $0.012 (1.2 cents) and
an expiry date of 17 November 2024.
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ASX +security code New class - code to be confirmed		+Security description Options having an exercise price of $0.012 (1.2 cents) and an expiry date of 17 November 2024.
+Security type		ISIN code
Options
Issue date
17/5/2023
Will all the +securities issued in this class rank equally in all respects from the issue date?
Yes
Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under
listing rule 6.1?
No
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	0	0.00 %
1,001 - 5,000	0	0.00 %
5,001 - 10,000	0	0.00 %
10,001 - 100,000	0	0.00 %
100,001 and over	52	100.00 %

Application for quotation of +securities

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Application for quotation of +securities

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Options Details

+Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.01200000 17/11/2024

Details of the type of +security that will be issued if an option is exercised

FAU : ORDINARY FULLY PAID

Number of +securities that will be issued if an option is exercised

One share for each option

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities to be quoted or provide the information by separate announcement. chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-researc h/1.0/file/2924-02687734-3A621775?access_token=83ff96335c2d45a094df02a206a39ff4 - Section 9.1

Issue details

Number of +securities to be quoted

270,000,000

Are the +securities being issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

250,000,000 issued as free-attaching options on a one for two basis for placement shares issued on 20 February 2023 and 16 May 2023. 20,000,000 issued as part fees for lead manager services

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

0.000000

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

The options were issued on 17 May 2023 with shareholder approval.

The purpose(s) for which the entity is issuing the securities

Other

Please provide additional details

Options are already on issue (being the FAUAQ unlisted option class) and were issued for the purposes as described above. No additional securities have been issued by the Company and the purpose of this Appendix 2A is to seek quotation of an existing class of options.

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
FAU : ORDINARY FULLY PAID	1,451,993,277
New class - code to be confirmed : Options having an exercise price of $0.012 (1.2 cents)	270,000,000
and an expiry date of 17 November 2024.

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
FAUAO : OPTION EXPIRING 06-MAY-2027 EX $0.015	20,000,000
FAUAM : OPTION EXPIRING 28-JUL-2023 EX $0.02	2,500,000
FAUAN : OPTION EXPIRING 28-JAN-2024 EX $0.035	2,500,000
FAUAG : OPTION EXPIRING 14-OCT-2023 EX $0.03	10,250,000
FAUAH : OPTION EXPIRING 14-OCT-2023 EX $0.035	8,000,000
FAUAQ : OPTION EXPIRING 17-NOV-2024 EX $0.012	270,000,000
FAUAP : OPTION EXPIRING 31-DEC-2023 EX $0.013	71,250,000

Application for quotation of +securities

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Application for quotation of +securities

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Part 5 - Other Listing Rule requirements

5.1 Are the +securities being issued under an exception in Listing Rule 7.2 and therefore the issue does 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

17

Application for quotation of +securities

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