IONIC RARE EARTHS LIMITED — Share Issue/Capital Change 2025

Jan 20, 2025

Appendix 3H - 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

Tuesday January 21, 2025

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	5,000,000	Lapse of conditional right to	20/01/2025
			securities because the
			conditions have not been, or
			have become incapable of
			being, satisfied

Refer to next page for full details of the announcement

Appendix 3H - Notification of cessation of securities

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Appendix 3H - 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 Registration Number ACN 083646477

1.3 ASX issuer code

IXR

1.4 The announcement is

New announcement

1.5 Date of this announcement

21/1/2025

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Appendix 3H - 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

5,000,000

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

20/1/2025

Is the entity paying any consideration for the cessation? No

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

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Appendix 3H - 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:

The figures in parts 3.1 and 3.2 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.

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	5,228,428,344
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
IXRAV : OPTION EXPIRING 15-DEC-2027 EX $0.011	157,118,543
IXRAU : OPTION EXPIRING 26-JUN-2028 EX $0.02	337,307,690
IXRAD : OPTION EXPIRING 15-DEC-2027 EX $0.011	1,000,000
IXRAT : PERFORMANCE RIGHTS	84,000,000
IXRAC : OPTION EXPIRING 30-NOV-2026 EX $0.0315	20,000,000

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

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.

Appendix 3H - Notification of cessation of securities

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