FORTUNA METALS LTD — Share Issue/Capital Change 2025

Aug 14, 2025

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 August 15, 2025

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	Options exercisable at $0.0338 expiring 15 August	38,000,000	15/08/2025
to be confirmed	2029

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 ABN 96095684389

1.3 ASX issuer code

LNR

1.4 The announcement is

New announcement

1.5 Date of this announcement

15/8/2025

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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

Please specify

Previously advised via Appendix 3B on 5 June 2025. No further securities to be issued.

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)

New +securities

ASX +security code +Security description New class - code to be confirmed Options exercisable at $0.0338 expiring 15 August 2029 +Security type ISIN code Options Date the +securities the subject of this notification were issued 15/8/2025 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? No Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. Refer Schedule 1 - https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=02965069

Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.03380000 15/8/2029

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

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

Issue of Broker, Underwriting and Director Options as approved by shareholders on 1 August 2025

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

Proposed option issue advised via Appendix 3B on 5 June 2025: https://announcements.asx.com.au/asxpdf/20250605/pd f/06kgf528s6ktlr.pdf

No further securities to be issued

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

Issue details

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Number of +securities

38,000,000

Were the +securities issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

Issue of Broker, Underwriting and Director Options as approved by shareholders on 1 August 2025. Refer https://www.asx .com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=02965069

Purpose of the issue

Other

Additional Details

Issue of Broker, Underwriting and Director Options as approved by shareholders on 1 August 2025.

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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)

	Total number of
ASX +security code and description	+securities on issue
LNR : ORDINARY FULLY PAID	124,465,367
LNRDB : ORDINARY FULLY PAID	93,672,718

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
LNRAA : OPTION EXPIRING 21-AUG-2027 EX $0.0068	73,200,000
LNRAC : OPTION EXPIRING 31-DEC-2025 EX $0.02	40,000,000
LNRAD : OPTION EXPIRING 31-DEC-2025 EX $0.03	40,000,000
LNRAT : OPTION EXPIRING 01-MAR-2027 EX $0.006	100,000,000
New class - code to be confirmed : Options exercisable at $0.0338 expiring 15 August 2029	38,000,000

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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? 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

1/8/2025

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