IONIC RARE EARTHS LIMITED — Share Issue/Capital Change 2024

Jul 28, 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 July 29, 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
IXRAU	OPTION EXPIRING 26-JUN-2028 EX $0.02	100,340,236	22/07/2024

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

29/7/2024

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 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 24-Apr-2024 11:51 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

20,000,000 options to be issued to joint lead managers as approved at 26 June general meeting of shareholders.

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 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 IXRAU : OPTION EXPIRING 26-JUN-2028 EX $0.02

Date the +securities the subject of this notification were issued 22/7/2024

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

Issue details

Number of +securities 100,340,236 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities

Under the Placement terms announced on 24 April 2024 each investor is entitled to receive 3 free attaching unlisted options for every Share issued under the Placement.

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 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	317,307,690
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

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

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