INFINITY MINING LIMITED — Capital/Financing Update 2024

Dec 9, 2024

Appendix 2A - Application for quotation of securities

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Announcement Summary

Entity name

INFINITY MINING LIMITED

Announcement Type

New announcement

Date of this announcement

Tuesday December 10, 2024

The +securities to be quoted are:

+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
IMI	ORDINARY FULLY PAID	78,008,484	05/12/2024

Refer to next page for full details of the announcement

Appendix 2A - Application for quotation of securities

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Appendix 2A - Application for quotation of securities

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Part 1 - Entity and announcement details

1.1 Name of entity

INFINITY 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

73609482180

1.3 ASX issuer code

IMI

1.4 The announcement is

New announcement

1.5 Date of this announcement

10/12/2024

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Appendix 2A - Application for quotation of securities

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Part 2 - Type of Issue

2.1 The +securities to be quoted are:

+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 02-Dec-2024 10:58 New - Proposed issue of securities - IMI A placement or other type of issue

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

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Appendix 2A - 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

IMI : ORDINARY FULLY PAID

Issue date

5/12/2024

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.

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		%

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Appendix 2A - Application for quotation of securities

Issue details

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Number of +securities to be quoted

73,000,000

Are the +securities being issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

The Shares were issued pursuant to the agreement between the Company and ASX: CCZ for the acquisition of the Cangai Copper Project.

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

1,387,000.000000

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

70,000,000 Ordinary Shares are subject to voluntary escrow commencing on the date of issuance pursuant to the Tenement Sale Agreement ("TSA") and ending on the completion of the transfer of the tenements EL8625, EL8635 and EL8601 to Infinity Mining Limited ("Completion Date") subject to the provision of the Voluntary Escrow Deed and TSA.

Number of +securities to be quoted

5,008,484

Are the +securities being issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

To repay 50% of outstanding Directors Loan amount being $121,480.68 provided by Alan Joseph Phillips pursuant to the approved Resolution 2 at the General Meeting held on 28 November 2024.

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

121,480.680000

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

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Appendix 2A - Application for quotation of securities

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Part 4 - Issued capital following quotation

Following the quotation of the +securities the subject of this application, the issued capital 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 quoted on ASX following the +quotation of the +securities subject of this application)

+securities subject of this application)
	Total number of
ASX +security code and description	+securities on issue
IMI : ORDINARY FULLY PAID	421,015,777
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
IMIAH : OPTION EXPIRING 18-DEC-2025 EX $0.20	5,200,000
IMIAJ : OPTION EXPIRING 30-OCT-2027 EX $0.029	20,000,000
IMIAG : OPTION EXPIRING 21-JUL-2026 EX $0.163	5,000,000

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

Appendix 2A - Application for quotation of securities

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