HAMMER METALS LIMITED — Share Issue/Capital Change 2021

Dec 20, 2021

Application for quotation of +securities

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Announcement Summary

Entity name

HAMMER METALS LIMITED

Announcement Type

New announcement

Date of this announcement

Tuesday December 21, 2021

The +securities to be quoted are:

+Securities issued, transferred or re-classified as a result of options being exercised or other +convertible securities being converted

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
HMX	ORDINARY FULLY PAID	1,500,000	21/12/2021

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

HAMMER METALS 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 87095092158

1.3 ASX issuer code

HMX

1.4 The announcement is

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New announcement

1.5 Date of this announcement

21/12/2021

Application for quotation of +securities

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Application for quotation of +securities

Part 2 - Type of Issue

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2.1 The +securities to be quoted are:

+Securities issued, transferred or re-classified as a result of options being exercised or other +convertible securities being converted

2.2 The +securities to be quoted are:

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Additional +securities in a class that is already quoted on ASX ("existing class")

Application for quotation of +securities

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Application for quotation of +securities

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Part 3B - number and type of +securities to be quoted (existing class) where issue has not previously been notified to ASX in an Appendix 3B

Existing +securities converting into additional +securities in an existing class

FROM (Existing Class)
ASX +security code and description
HMXAA : PERFORMANCE RIGHTS
TO (Existing Class)
ASX +security code and description
HMX : ORDINARY FULLY PAID
Please state the number of options	The first date the options were	The last date the options were
that were exercised or other	exercised or other +convertible	exercised or other +convertible
+convertible securities that were	securities were converted	securities were converted
converted	21/12/2021	21/12/2021
1,500,000

Is this all of the options or other +convertible securities on issue of that type (ie have all of those options now been exercised or have all of those convertible securities now been converted)? No

The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by: An issue of new +securities

The underlying securities being received by the holder are: Intended to be, but are not yet, quoted by ASX

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme? No

Issue date

21/12/2021

Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class? Yes

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

• 1,500,000

Are the +securities being issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Issued upon exercise of performance rights issued to the Company's managing director.

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

• 0.021000

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

Value of performance rights being exercised was determined by reference to the underlying share price of the Company's ordinary shares on the grant date of the performance rights (14 November 2019)

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
HMX : ORDINARY FULLY PAID	814,994,623
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
HMXAN : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	16,750,000
HMXAP : OPTION EXPIRING 30-JUN-2023 EX 3.5C	3,000,000
HMXAQ : OPTION EXPIRING 30-JUN-2024 EX 5C	2,600,000
HMXAR : OPTION EXPIRING 30-NOV-2024 EX $0.05	4,500,000
HMXAA : PERFORMANCE RIGHTS	5,000,000

4.2 Unquoted +securities (total number of each +class of +securities issued but not quoted on ASX)

Application for quotation of +securities

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