FIRST LITHIUM LIMITED — Share Issue/Capital Change 2024

Nov 3, 2024

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

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Announcement Summary

Entity name

FIRST LITHIUM LIMITED

Date of this announcement

Monday November 04, 2024

The +securities the subject of this notification are: Other

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	Unlisted options exercisable at $0.30 expiring	8,000,000	01/11/2024
to be confirmed	1/10/2028

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

FIRST LITHIUM 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 009081770

1.3 ASX issuer code

FL1

1.4 The announcement is

New announcement

1.5 Date of this announcement

4/11/2024

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

Other

Please specify

Performance Options as approved by shareholders on 1 October 2024

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

ASX +security code +Security description New class - code to be confirmed Unlisted options exercisable at $0.30 expiring 1/10/2028 +Security type ISIN code Options Date the +securities the subject of this notification were issued 1/11/2024 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes 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. https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02846978-6A1223266

Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.30000000 1/10/2028 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

FL1 : ORDINARY FULLY PAID

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

Performance Options are subject to certain Performance Hurdles as detailed in Schedule 2 of the Notice of General Meeting.

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

Refer to the Notice of General Meeting as announced to ASX on 30 August 2024.

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Issue details

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Number of +securities

8,000,000

Were the +securities issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

Nil

Purpose of the issue

Other

Additional Details

Incentive Options issued to a key consultant subject to meeting certain Performance Hurdles

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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
FL1 : ORDINARY FULLY PAID	79,653,604
FL1O : OPTION EXPIRING 04-SEP-2026	10,601,028

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
FL1AM : ORDINARY FULLY PAID RESTRICTED	29,020,000
FL1AN : OPTION EXPIRING 28-SEP-2027 RESTRICTED	1,800,000
FL1AO : OPTION EXPIRING 04-SEP-2026 RESTRICTED	27,500,000
FL1AP : PERFORMANCE SHARES RESTRICTED	15,000,000
FL1AR : OPTION EXPIRING 12-MAR-2028 EX $0.282	5,000,000
FL1AQ : OPTION EXPIRING 04-SEP-2026 EX $0.30	3,000,000
New class - code to be confirmed : Unlisted options exercisable at $0.30 expiring 1/10/2028	8,000,000

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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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