FORTUNA METALS LTD — Capital/Financing Update 2023

Feb 9, 2023

Application for quotation of +securities

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Announcement Summary

Entity name

LANTHANEIN RESOURCES LTD

Announcement Type

New announcement

Date of this announcement

Friday February 10, 2023

The +securities to be quoted are:

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+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
LNR	ORDINARY FULLY PAID	140,000,000	09/02/2023
LNRO	OPTION EXPIRING 31-DEC-2024	84,000,011	09/02/2023

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

LANTHANEIN RESOURCES LTD

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 96095684389

1.3 ASX issuer code

LNR

1.4 The announcement is

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New announcement

1.5 Date of this announcement

10/2/2023

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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+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Previous Appendix 3B details:

Announcement Date and	Announcement Title	Selected Appendix 3B to submit quotation
Time		request
01-Feb-2023 09:31	New - Proposed issue of securities -	A placement or other type of issue
	LNR

2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B? No

Application for quotation of +securities

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Application for quotation of +securities

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Part 3A - number and type of +securities to be quoted where issue has previously been notified to ASX in an Appendix 3B

Placement Details

ASX +security code and description LNR : ORDINARY FULLY PAID

Issue date 9/2/2023

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 % 1,001 - 5,000 % 5,001 - 10,000 % 10,001 - 100,000 % 100,001 and over %

Application for quotation of +securities

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Application for quotation of +securities

Issue details

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Number of +securities to be quoted 140,000,000 Are the +securities being issued for a cash consideration? Yes In what currency is the cash consideration being paid? What is the issue price per +security? AUD - Australian Dollar AUD 0.01800000 Any other information the entity wishes to provide about the +securities to be quoted ASX +security code and description LNRO : OPTION EXPIRING 31-DEC-2024 Issue date 9/2/2023 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		%
1,001 - 5,000		%
5,001 - 10,000		%
10,001 - 100,000		%
100,001 and over		%

Application for quotation of +securities

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Application for quotation of +securities

Issue details

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----- Start of picture text -----

Number of +securities to be quoted
70,000,011
Are the +securities being issued for a cash consideration?
No
Please describe the consideration being provided for the +securities
Attaching to Placement shares on a 1-for-2 basis
Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the
+securities to be quoted
0.000001
Any other information the entity wishes to provide about the +securities to be quoted
----- End of picture text -----

ASX +security code and description LNRO : OPTION EXPIRING 31-DEC-2024 Issue date 9/2/2023

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		%
1,001 - 5,000		%
5,001 - 10,000		%
10,001 - 100,000		%
100,001 and over		%

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Application for quotation of +securities

Issue details

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Number of +securities to be quoted 14,000,000

Are the +securities being issued for a cash consideration? Yes In what currency is the cash consideration being paid? What is the issue price per +security? AUD - Australian Dollar AUD 0.00001000

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

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
LNR : ORDINARY FULLY PAID	1,121,575,570
LNRO : OPTION EXPIRING 31-DEC-2024	192,000,011

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
LNRAQ : PERFORMANCE SHARES CLASS D EXPIRING 04-JAN-2027	18,750,000
LNRAK : OPTION EXPIRING 13-AUG-2024 EX $0.02	20,000,000
LNRAM : PERFORMANCE SHARES CLASS A	13,461,538
LNRAN : PERFORMANCE SHARES CLASS B	13,461,538
LNRAR : OPTION EXPIRING 13-MAY-2025 EX $0.045	11,250,000

Application for quotation of +securities

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