INDIANA RESOURCES LIMITED — Share Issue/Capital Change 2021

Aug 12, 2021

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Announcement Summary

Entity name

INDIANA RESOURCES LIMITED

Date of this announcement

Friday August 13, 2021

The +securities the subject of this notification are:

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+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	UNLISTED OPTION EXPIRING 12-08-23	2,000,000	12/08/2021
to be confirmed

Refer to next page for full details of the announcement

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Part 1 - Entity and announcement details

1.1 Name of entity

INDIANA RESOURCES LIMITED

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type

ABN

Registration number

67009129560

1.3 ASX issuer code

IDA

1.4 The announcement is

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New announcement

1.5 Date of this announcement

13/8/2021

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Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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+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:

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does not have an existing ASX security code ("new class")

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Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B

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ASX +security code +Security description
New class - code to be confirmed UNLISTED OPTION EXPIRING 12-08-23
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+Security type	ISIN code
Options
Date the +securities the subject of this notification were	issued
12/8/2021
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?
No
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.

Options Details

+Security currency	Exercise price	Expiry date
AUD - Australian Dollar	AUD 0.00000000	12/8/2023
Details of the existing class of	+security that will be issued upon exercise or conversion of this new class of
company option
Other
Description
IDA : 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://www.asx.com.au/asxpdf/20181030/pdf/43zt8sfpbsq0wr.pdf Refer to Schedule 2, Indiana Resources Limited Option Plan

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

Issue details

Number of +securities

2,000,000

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Part 4 - +Securities on issue

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Following the issue, conversion or payment up of the +securities the subject of this application, the +securities 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)

	Total number of
ASX +security code and description	+securities on issue
IDA : ORDINARY FULLY PAID	375,069,694
IDANE : ORDINARY FULLY PAID EX OPTION DEFERRED	121,005,232

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
IDAAAC : OPTION EXPIRING 01-DEC-2023 EX $0.06	3,500,000
IDAAV : OPTION EXPIRING 25-JUN-2022 EX 3.5C	3,000,000
IDAAO : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	4,972,022
IDAAS : OPTION EXPIRING 05-OCT-2023 EX 4C	2,500,000
IDAAT : OPTION EXPIRING 05-OCT-2023 EX 7C	5,000,000
IDAAAG : OPTION EXPIRING 22-APR-2024 EX $0.08	11,000,000
IDAAAH : OPTION EXPIRING 26-APR-2024 EX $0.03	100,000
IDAAAD : OPTION EXPIRING 13-JAN-2024 EX $0.03	100,000
IDAAAE : OPTION EXPIRING 09-FEB-2023 EX $0.09	7,500,000
IDAAAB : OPTION EXPIRING 01-OCT-2023 EX $0.08	550,000
IDAAAA : OPTION EXPIRING 01-OCT-2023 EX $0.03	3,000,000
IDAAP : OPTION EXPIRING 25-OCT-2022 EX 3C	5,000,000

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities
IDAAR : OPTION EXPIRING 25-OCT-2022 EX 3.6C	2,829,990
IDAAU : OPTION EXPIRING 06-OCT-2022 EX 2.5C	2,500,000
IDAAX : OPTION EXPIRING 01-JUL-2022 EX NIL	500,000
IDAAAF : OPTION EXPIRING 02-MAR-2022 EX $0.035	8,000,000
New class - code to be confirmed : UNLISTED OPTION EXPIRING 12-08-23	2,000,000

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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? No

5.2b Are any of the +securities being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? Yes

5.2b.1 How many +securities are being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1?

2,000,000

5.2c Are any of the +securities being issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? No

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