IRIS METALS LIMITED — Share Issue/Capital Change 2024

Sep 16, 2024

Appendix 2A - Application for quotation of securities

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Cancellation Summary

Entity name

IRIS METALS LIMITED

Announcement Type

Cancellation of previous announcement

Date of this announcement

Tuesday September 17, 2024

Reason for the cancellation

Options exercised 15/9/2024 as announced to the ASX in App 2A on 16/9/2024, the option class should have been IR1AI (not IR1AH and IR1AR).

Refer to next page for full details of the announcement

Appendix 2A - Application for quotation of securities

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Appendix 2A - Application for quotation of securities

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Part 1 - Entity and announcement details

1.1 Name of entity

IRIS METALS LIMITED

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1.2 Registered number type

Registration number

ABN 61646787135

1.3 ASX issuer code

IR1

1.4 The announcement is

Cancellation of previous announcement

1.4c Reason for cancellation of previous announcement

Options exercised 15/9/2024 as announced to the ASX in App 2A on 16/9/2024, the option class should have been IR1AI (not IR1AH and IR1AR).

1.4d Date of previous announcement to this cancellation

16/9/2024

1.5 Date of this announcement

17/9/2024

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Appendix 2A - Application for quotation of securities

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Part 2 - Type of Issue

2.1 The +securities to be quoted are:

+Securities issued, transferred or re-classified as a result of options being exercised or other +convertible securities being converted

2.2 The +class of +securities to be quoted is:

Additional +securities in a class that is already quoted on ASX ("existing class")

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Appendix 2A - Application for quotation of securities

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Part 3B - number and type of +securities to be quoted (existing class) where issue has not previously been notified to ASX in an Appendix 3B

Existing +securities converting into additional +securities in an existing class FROM (Existing Class) ASX +security code and description IR1AH : OPTION EXPIRING 31-JUL-2025 RESTRICTED

TO (Existing Class) ASX +security code and description IR1 : ORDINARY FULLY PAID

Please state the number of options The first date the options were The last date the options were that were exercised or other exercised or other +convertible exercised or other +convertible +convertible securities that were securities were converted securities were converted converted 15/9/2024 15/9/2024 1,500,000 Is this all of the options or other +convertible securities on issue of that type (ie have all of those options now been exercised or have all of those convertible securities now been converted)? Yes The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by: An issue of new +securities The underlying +securities being received by the holder are: Intended to be, but are not yet, quoted by ASX Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme? No

Issue date

15/9/2024

Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class? Yes

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Appendix 2A - Application for quotation of securities

Issue details

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Number of +securities to be quoted
1,500,000
Are the +securities being issued for a cash consideration?
Yes
In what currency is the cash consideration being paid? What is the issue price per +security?
AUD - Australian Dollar AUD 0.00000000
Any other information the entity wishes to provide about the +securities to be quoted
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Existing +securities converting into additional +securities in an existing class
FROM (Existing Class)
ASX +security code and description
IR1AR : OPTION EXPIRING 31-JUL-2025 EX $0.40
TO (Existing Class)
ASX +security code and description
IR1 : ORDINARY FULLY PAID
Please state the number of options	The first date the options were	The last date the options were
that were exercised or other	exercised or other +convertible	exercised or other +convertible
+convertible securities that were	securities were converted	securities were converted
converted	15/9/2024	15/9/2024
1,000,000
Is this all of the options or other +convertible securities on issue of that type		(ie have all of those options now been
exercised or have all of those convertible securities now been converted)?
No
The right of the holder of the options or other +convertible securities to receive the +underlying securities is being
satisfied by:
An issue of new +securities
The underlying +securities being received by the holder are:
Intended to be, but are not yet, quoted by ASX
Were the options being exercised or	other +convertible securities being converted issued under an +employee
incentive scheme?
No

Issue date

15/9/2024

Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class? Yes

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Appendix 2A - Application for quotation of securities

Issue details

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Number of +securities to be quoted

1,000,000 Are the +securities being issued for a cash consideration? Yes In what currency is the cash consideration being paid? What is the issue price per +security? AUD - Australian Dollar AUD 0.00000000 Any other information the entity wishes to provide about the +securities to be quoted Section 4.2 New class - code to be confirmed : PERFORMANCE RIGHTS = 1,500,000, being 0 + 1,500,000 (refer App 3G released prior to this form).

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Appendix 2A - Application for quotation of securities

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Appendix 2A - Application for quotation of securities

Part 4 - Issued capital following quotation

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Following the quotation of the +securities the subject of this application, the issued capital 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 quoted on ASX following the +quotation of the +securities subject of this application)

+securities subject of this application)
	Total number of
ASX +security code and description	+securities on issue
IR1 : ORDINARY FULLY PAID	139,109,982

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
IR1AD : OPTION EXPIRING 15-SEP-2024 EX $0.30	3,200,000
IR1AE : OPTION EXPIRING 15-OCT-2024 EX $0.30	500,000
IR1AX : PERFORMANCE RIGHTS	1,500,000
IR1AH : OPTION EXPIRING 31-JUL-2025 RESTRICTED	0
IR1AI : OPTION EXPIRING 31-JUL-2025 EX NIL	2,500,000
IR1AV : OPTION EXPIRING 31-DEC-2025 EX $0.40	6,500,000
IR1AW : ORDINARY FULLY PAID EMPLOYEE	150,000
IR1AJ : OPTION EXPIRING 31-JAN-2025 EX $1.50	750,000
IR1AK : OPTION EXPIRING 31-JAN-2026 EX $1.20	500,000
IR1AM : ORDINARY FULLY PAID RESTRICTED	5,500,000
IR1AN : PERFORMANCE RIGHTS RESTRICTED	5,600,000
IR1AP : OPTION EXPIRING 14-JUN-2026 RESTRICTED	2,500,000
IR1AO : OPTION EXPIRING 14-JUN-2025 RESTRICTED	750,000
IR1AQ : OPTION EXPIRING 14-JUN-2025 EX $1.50	7,893,741

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Appendix 2A - Application for quotation of securities

IR1AR : OPTION EXPIRING 31-JUL-2025 EX $0.40

15,100,000

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