FORTUNA METALS LTD — Share Issue/Capital Change 2024

Mar 21, 2024

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

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Announcement Summary

Entity name

LANTHANEIN RESOURCES LTD

Date of this announcement

Friday March 22, 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 $0.02 and expiring on 31	50,000,000	22/03/2024
to be confirmed	December 2025
New class - code	Options exercisable at $0.03 and expiring on 31	50,000,000	22/03/2024
to be confirmed	December 2025

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

LANTHANEIN RESOURCES LTD

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 095684389

1.3 ASX issuer code

LNR

1.4 The announcement is

New announcement

1.5 Date of this announcement

22/3/2024

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

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

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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 $0.02 and expiring on 31 December
2025
+Security type ISIN code
Options
Date the +securities the subject of this notification were issued
22/3/2024
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
David Frances PUISSANCE HOLDINGS PTY LTD 15,000,000

Brian Thomas Ms Sabina Marie A/C>
Thomas Langley Thomas Edward Langley 10,000,000

Anees Sabet Syndicate Minerals Pty Ltd 10,000,000
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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/2924-02765192-6A1190664

Options Details

+Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.02000000 31/12/2025

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

LNR : ORDINARY FULLY PAID

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme

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

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or a summary of the terms

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02724375-6A1173732 Any other information the entity wishes to provide about the +securities the subject of this notification

Issue details

Number of +securities

50,000,000

ASX +security code New class - code to be confirmed	+Security description Options exercisable at $0.03 and expiring on 31 December 2025
+Security type	ISIN code
Options

Date the +securities the subject of this notification were issued

22/3/2024 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
David Frances	PUISSANCE HOLDINGS PTY LTD	15,000,000
Brian Thomas	Ms Sabina Marie A/C>	15,000,000
Thomas Langley	Thomas Edward Langley	10,000,000
Anees Sabet	Syndicate Minerals Pty Ltd	10,000,000

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.

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

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Options Details

+Security currency AUD - Australian Dollar

Exercise price Expiry date AUD 0.03000000 31/12/2025

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

LNR : 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

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02724375-6A1173732

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

Issue details

Number of +securities

50,000,000

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

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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)

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
LNR : ORDINARY FULLY PAID	1,954,908,903
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
LNRAT : OPTION EXPIRING 01-MAR-2027 EX $0.006	100,000,000
LNRAQ : PERFORMANCE SHARES CLASS D EXPIRING 04-JAN-2027	18,750,000
LNRAK : OPTION EXPIRING 13-AUG-2024 EX $0.02	20,000,000
LNRAN : PERFORMANCE SHARES CLASS B	13,461,538
LNRAR : OPTION EXPIRING 13-MAY-2025 EX $0.045	11,250,000
New class - code to be confirmed : Options exercisable at $0.02 and expiring on 31	50,000,000
December 2025
New class - code to be confirmed : Options exercisable at $0.03 and expiring on 31	50,000,000
December 2025

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

23/2/2024

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