IONIC RARE EARTHS LIMITED — Share Issue/Capital Change 2023

Mar 5, 2023

Notification of cessation of +securities

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Announcement Summary

Entity name

IONIC RARE EARTHS LIMITED

Announcement Type

New announcement

Date of this announcement

Saturday March 04, 2023

Details of +securities that have ceased

		Number of
ASX +security		+securities that	The +securities have	Date of
code	Security description	have ceased	ceased due to	cessation
IXRAT	PERFORMANCE RIGHTS	3,500,000	Lapse of conditional right to	02/03/2023
			securities because the
			conditions have not been, or
			have become incapable of
			being, satisfied

Refer to next page for full details of the announcement

Notification of cessation of +securities

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Notification of cessation of +securities

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Part 1 - Announcement Details

1.1 Name of +Entity

IONIC RARE EARTHS LIMITED

We (the entity named above) provide the following information about our issued capital.

1.2 Registered Number Type

ABN

Registration Number 84083646477

1.3 ASX issuer code

IXR

1.4 The announcement is

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New announcement

1.5 Date of this announcement

4/3/2023

Notification of cessation of +securities

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Notification of cessation of +securities

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Part 2 - Details of +equity securities or +debt securities that have ceased

ASX +Security Code and Description

IXRAT : PERFORMANCE RIGHTS

Unquoted +equity securities that have ceased

Number of securities that have ceased

3,500,000

Reason for cessation

Lapse of conditional right to securities because the conditions have not been, or have become incapable of being, satisfied

Date of cessation Is the entity paying any consideration for the cessation? No 2/3/2023

Any other information the entity wishes to notify to ASX about the cessation?

Notification of cessation of +securities

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Notification of cessation of +securities

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Part 3 - Issued capital following changes

Following the cessation of the +securities the subject of this notification, the issued capital of the entity will comprise:

3.1 Quoted +equity securities and +debt securities (total number of each +class of +securities quoted on ASX)	3.1 Quoted +equity securities and +debt securities (total number of each +class of +securities quoted on ASX)
	Total number of
ASX +security code and description	+securities on issue
IXR : ORDINARY FULLY PAID	3,946,104,920
3.2 Unquoted +equity securities (total number of each +class of +equity securities issued but not quoted on ASX)
	Total number of
ASX +security code and description	+securities on issue
IXRAR : OPTION EXPIRING 28-FEB-2024 EX $0.06	35,000,000
IXRAT : PERFORMANCE RIGHTS	6,700,000
IXRAS : OPTION EXPIRING 30-NOV-2024 EX $0.064	75,000,000
IXRAQ : OPTION EXPIRING 30-NOV-2023 EX $0.0215	40,000,000

Note: the figures stated in the tables above are used to calculate the total market capitalisation of the entity published by ASX from time to time. The table will not include those classes of +securities that have ceased or lapsed in their entirety in ASX records before the announcement date described in Q1.5, even if the entity has advised ASX of a change to that class of +security in Part 2 of this form.

Notification of cessation of +securities

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