IONIC RARE EARTHS LIMITED — Share Issue/Capital Change 2024

Dec 1, 2024

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Announcement Summary

Entity name

IONIC RARE EARTHS LIMITED

Date of this announcement

Monday December 02, 2024

The +securities the subject of this notification are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and 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	OPTION EXPIRING 15-DEC-2027 EX $0.011	102,428,574	02/12/2024
to be confirmed

Refer to next page for full details of the announcement

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 1 - Entity and announcement details

1.1 Name of entity

IONIC RARE EARTHS 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 Registration number ACN 083646477

1.3 ASX issuer code

IXR

1.4 The announcement is

New announcement

1.5 Date of this announcement

2/12/2024

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Previous Appendix 3B details:

Announcement Date and Announcement Title Selected Appendix 3B to submit quotation Time request 26-Nov-2024 09:43 New - Proposed issue of securities - IXR 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?

Yes

2.3a.3 Please provide details of the further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B

2,000,000 IXR ORDINARY FULLY PAID

1,000,000 OPTION EXPRING 15-DEC-2027 EX $0.011

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 3A - number and type of +securities the subject of this notification (existing class or new class) where issue has previously been notified to ASX in an Appendix 3B

Placement Details

ASX +security code and description new unquoted class of security Date the +securities the subject of this notification were issued 2/12/2024 Any other information the entity wishes to provide about the +securities the subject of this notification

Issue details

Number of +securities 102,428,574 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities Options per Placement announced 26 November 2024

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 3C - number and type of +securities the subject of this notification (new class)

ASX +security code		+Security description
New class - code to be confirmed		OPTION EXPIRING 15-DEC-2027 EX $0.011
+Security type		ISIN code
Options
Date the +securities the subject of this notification were		issued
2/12/2024
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
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 0.01100000	15/12/2027
Details of the existing class of +security that will be issued upon exercise or conversion of this new class of
company option

IXR : ORDINARY FULLY PAID

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

Issue details

Number of +securities

102,428,574

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this notification, the +securities 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 issued and quoted on ASX)

	Total number of
ASX +security code and description	+securities on issue
IXR : ORDINARY FULLY PAID	4,869,762,647

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
IXRAU : OPTION EXPIRING 26-JUN-2028 EX $0.02	337,307,690
IXRAT : PERFORMANCE RIGHTS	95,700,000
IXRAS : OPTION EXPIRING 30-NOV-2024 EX $0.064	75,000,000
IXRAC : OPTION EXPIRING 30-NOV-2026 EX $0.0315	20,000,000
New class - code to be confirmed : OPTION EXPIRING 15-DEC-2027 EX $0.011	102,428,574

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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