GATEWAY MINING LIMITED — Capital/Financing Update 2023

Feb 1, 2023

Application for quotation of +securities

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Announcement Summary

Entity name

GATEWAY MINING LIMITED

Announcement Type

New announcement

Date of this announcement

Thursday February 02, 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
GML	ORDINARY FULLY PAID	36,931,293	02/02/2023

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

GATEWAY MINING 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 31008402391

1.3 ASX issuer code

GML

1.4 The announcement is

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New announcement

1.5 Date of this announcement

2/2/2023

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 25-Jan-2023 09:07 New - Proposed issue of securities - A placement or other type of issue GML

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?

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Yes

2.3a.3 Please provide details of the further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B

3,391,289 Shares to be issued to directors and their nominees following shareholder approval at a general meeting of the Company's shareholders.

13,440,865 free attaching Options will be issued following shareholder approval at a general meeting of the Company's shareholders.

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 GML : ORDINARY FULLY PAID

Issue date

2/2/2023

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 36,931,293

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 0.06200000

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

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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
GML : ORDINARY FULLY PAID	262,942,254

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
GMLAQ : OPTION EXPIRING 19-JUN-2023 EX $0.30	283,337
GMLAB : PERFORMANCE RIGHTS EXPIRING 28-MAY-2024	1,250,000
GMLAC : PERFORMANCE RIGHTS EXPIRING 28-NOV-2024	2,500,000
GMLAD : PERFORMANCE RIGHTS EXPIRING 28-NOV-2025	1,250,000
GMLAT : OPTION EXPIRING 26-AUG-2023 EX $0.24	1,000,000
GMLAA : OPTION EXPIRING 15-DEC-2024 EX $0.30	17,647,107
GMLAR : OPTION EXPIRING 19-JUN-2023 EX $0.35	333,337
GMLAS : OPTION EXPIRING 19-JUN-2023 EX $0.40	333,337
GMLAV : OPTION EXPIRING 02-FEB-2024 EX $0.48	193,334
GMLAW : OPTION EXPIRING 02-FEB-2024 EX $0.58	193,334
GMLAU : OPTION EXPIRING 02-FEB-2024 EX $0.38	193,334
GMLAX : OPTION EXPIRING 12-MAY-2024 EX $0.38	1,100,000
GMLAY : OPTION EXPIRING 12-MAY-2024 EX $0.48	1,100,000

Application for quotation of +securities

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Application for quotation of +securities

GMLAZ : OPTION EXPIRING 12-MAY-2024 EX $0.58

1,100,000

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Application for quotation of +securities

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