GATEWAY MINING LIMITED — Share Issue/Capital Change 2023

Dec 14, 2023

Application for quotation of +securities

==> picture [21 x 22] intentionally omitted <==

Announcement Summary

Entity name

GATEWAY MINING LIMITED

Announcement Type

New announcement

Date of this announcement

Friday December 15, 2023

The +securities to be quoted are:

==> picture [8 x 8] intentionally omitted <==

+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	5,209,092	14/12/2023
GMLO	OPTION EXPIRING 15-DEC-2026	72,558,083	15/12/2023

Refer to next page for full details of the announcement

Application for quotation of +securities

1 / 8

Application for quotation of +securities

==> picture [21 x 22] intentionally omitted <==

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

==> picture [8 x 8] intentionally omitted <==

New announcement

1.5 Date of this announcement

15/12/2023

Application for quotation of +securities

2 / 8

Application for quotation of +securities

==> picture [21 x 22] intentionally omitted <==

Part 2 - Type of Issue

2.1 The +securities to be quoted are:

==> picture [8 x 8] intentionally omitted <==

+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-Nov-2023 09:34	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? No

Application for quotation of +securities

3 / 8

Application for quotation of +securities

==> picture [21 x 22] intentionally omitted <==

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 GMLO : OPTION EXPIRING 15-DEC-2026 Issue date 15/12/2023

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	0	0.00 %
1,001 - 5,000	0	0.00 %
5,001 - 10,000	0	0.00 %
10,001 - 100,000	6	0.80 %
100,001 and over	74	99.20 %

Application for quotation of +securities

4 / 8

Application for quotation of +securities

Issue details

==> picture [21 x 22] intentionally omitted <==

Number of +securities to be quoted

72,558,083

Are the +securities being issued for a cash consideration?

==> picture [9 x 8] intentionally omitted <==

No

Please describe the consideration being provided for the +securities

Nil. Free 1 for 1 attaching options to Placement Shares as announced 1 November 2023. Options also issued to JP Equity as consideration to JP Equity providing corporate promoter services.

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted

0.000000000001

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

70,358,083 free attaching options issued to subscribers of the Company's Placement announced 1 November 2023.

2,200,000 quoted options issued to JP Equity Holdings Pty Ltd or their nominees as consideration to JP Equity Holdings providing corporate promoter services to the Company as announce via an Appendix 3B released 1 November 2023.

Shareholder approval of all options including those to related parties of the Company was obtained at the EGM dated 14 December 2023.

ASX +security code and description

GML : ORDINARY FULLY PAID

Issue date

14/12/2023

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.

Number of +securities held Number of holders

Total percentage of +securities held For example, to enter a value of 50% please input as 50.00

1 - 1,000 % 1,001 - 5,000 % 5,001 - 10,000 %

Application for quotation of +securities

5 / 8

Application for quotation of +securities

==> picture [21 x 22] intentionally omitted <==

10,001 - 100,000 100,001 and over

%

%

Issue details

Number of +securities to be quoted

5,209,092

Are the +securities being issued for a cash consideration?

==> picture [9 x 9] intentionally omitted <==

Yes

In what currency is the cash consideration being paid? What is the issue price per +security?

AUD - Australian Dollar

AUD 0.02200000

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

Shares issued to directors or their nominees as part of their participation in Company's Placement announced 1 November 2023 following shareholder approval obtained at EGM dated 14 December 2023.

Application for quotation of +securities

6 / 8

Application for quotation of +securities

Part 4 - Issued capital following quotation

==> picture [21 x 22] intentionally omitted <==

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	336,691,626
GMLO : OPTION EXPIRING 15-DEC-2026	72,558,083

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
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
GMLAA : OPTION EXPIRING 15-DEC-2024 EX $0.30	17,647,107
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
GMLAAA : OPTION EXPIRING 31-MAR-2026 EX $0.124	16,940,902
GMLAX : OPTION EXPIRING 12-MAY-2024 EX $0.38	1,100,000
GMLAY : OPTION EXPIRING 12-MAY-2024 EX $0.48	1,100,000
GMLAZ : OPTION EXPIRING 12-MAY-2024 EX $0.58	1,100,000

Application for quotation of +securities

7 / 8

Application for quotation of +securities

==> picture [21 x 22] intentionally omitted <==

==> picture [540 x 710] intentionally omitted <==

Application for quotation of +securities

8 / 8