INFINITY MINING LIMITED — Major Shareholding Notification 2025

Mar 27, 2025

603[page 1/2 15 July 2018 ]

Form 603

Corporations Act 2001

Section 671B

Notice of initial substantial holder

To Company/registered scheme/notified foreign Infinity Mining Ltd passport fund name ACN/ARSN/APFRN 609 482 180 NFPFRN (if applicable)

1. Details of substantial holder (1) New Frontier Minerals Ltd

Name

ACN/ARSN/APFRN (if applicable) 137 606 476 NFPFRN (if applicable)

The holder became a substantial holder on 5 12 2024 / /

2. Details of voting power

The total number of votes attached to all the voting shares or interests in the company, scheme or fund that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of securities(4)	Number of securities	Person's votes(5)	Voting power(6)
ORD	40,000,000	40,000,000	9.46%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

e a substantial holder are as follows:
Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
New Frontier Minerals Ltd	Direct	40,000,000

4. Details of present registered holders

Holder of relevantinterest	Registered holder ofsecurities	Person entitled to beregistered as holder (8)	Class andnumber ofsecurities
New Frontier Minerals Ltd	New Frontier Minerals Ltd	New Frontier Minerals Ltd	40,000,000

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevantinterest	Date of acquisition	Consideration (9)	Consideration (9)	Class andnumber ofsecurities
		Cash	Non-cash
New Frontier Minerals Ltd	5/12/2024		$600,000	40,000,000

603[page 2/2 15 July 2018 ]

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN/APFRN (if Nature of association applicable) and NFPFRN (if applicable) N/A

7. Addresses

The addresses of persons named in this form are as follows:

Name Address New Frontier Minerals Ltd 45 Ventnor Avenue, West Perth, Western Australia 6005

Signature

==> picture [68 x 33] intentionally omitted <==

Dale Hanna

capacity Company Secretary date 28 3 2025 / /

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. A corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7of the form.

• (2) See the definition of "associate" in section 9 of the Corporations Act 2001.

• (3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

• (4) The voting shares of a company constitute one class unless divided into separate classes.

• (5) The total number of votes attached to all the voting shares or interests in the company, scheme or fund (if any) that the person or an associate has a relevant interest in.

• (6) The person's votes divided by the total votes in the body corporate, scheme or fund multiplied by 100.

• (7) Include details of:

  • (a) any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

  • (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• (8) If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".

• (9) Details of the consideration must include any and all benefits, money and otherwise, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.