IRIS METALS LIMITED — Share Issue/Capital Change 2024

Aug 13, 2024

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

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Announcement Summary

Entity name

IRIS METALS LIMITED

Date of this announcement

Wednesday August 14, 2024

The +securities the subject of this notification are:

+Securities issued under an +employee incentive scheme that are subject to a restriction on transfer and are not being quoted on ASX until the restriction ends

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	SHARES ESCROWED 6M UNTIL 01/03/2025	50,000	14/08/2024
to be confirmed
New class - code	SHARES ESCROWED 12M UNTIL 14/08/2025	75,000	14/08/2024
to be confirmed
New class - code	SHARES ESCROWED 24M UNTIL 14/08/2026	25,000	14/08/2024
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

IRIS METALS 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

1.2 Registered number type Registration number ABN 61646787135

1.3 ASX issuer code

IR1

1.4 The announcement is

New announcement

1.5 Date of this announcement

14/8/2024

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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 under an +employee incentive scheme that are subject to a restriction on transfer and are not being quoted on ASX until the restriction ends

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

does not have an existing ASX security code ("new class")

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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)

New +securities issued under an +employee incentive scheme

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ASX +security code +Security description
New class - code to be confirmed SHARES ESCROWED 6M UNTIL 01/03/2025
+Security type ISIN code
Ordinary fully or partly paid shares/units
Date the +securities the subject of this notification were issued
14/8/2024
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Were any of the +securities issued to +key management personnel (KMP) or an +associate?
No
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.
Standard Terms and Conditions of securities of this type.
Vesting on 1 March 2025.
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Ordinary fully or partly paid shares/units Details

+Security currency AUD - Australian Dollar

Are there +CDIs issued over the +securities? No Is it a Partly Paid class of +security? No Is it a stapled class of +security? No Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms

Refer Schedule 12 of EGM NOM held 5 May 2023 https://stocknessmonster.com/announcements/ir1.asx-3A615887/

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

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

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Issue details

Number of +securities

50,000

New +securities issued under an +employee incentive scheme

ASX +security code +Security description New class - code to be confirmed SHARES ESCROWED 12M UNTIL 14/08/2025 +Security type ISIN code Ordinary fully or partly paid shares/units Date the +securities the subject of this notification were issued 14/8/2024 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Were any of the +securities issued to +key management personnel (KMP) or an +associate? No 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. Standard Terms and Conditions of securities of this type. Vesting 12 months from allotment, being 14 August 2025.

Ordinary fully or partly paid shares/units Details

+Security currency

AUD - Australian Dollar

Are there +CDIs issued over the +securities? No Is it a Partly Paid class of +security? No Is it a stapled class of +security? No

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms

Refer Schedule 12 of EGM NOM held 5 May 2023 https://stocknessmonster.com/announcements/ir1.asx-3A615887/

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

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

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Issue details

Number of +securities

75,000

New +securities issued under an +employee incentive scheme

ASX +security code +Security description New class - code to be confirmed SHARES ESCROWED 24M UNTIL 14/08/2026 +Security type ISIN code Ordinary fully or partly paid shares/units Date the +securities the subject of this notification were issued 14/8/2024 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Were any of the +securities issued to +key management personnel (KMP) or an +associate? No 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. Standard Terms and Conditions of securities of this type. Vesting 24 months from allotment, being 14 August 2026.

Ordinary fully or partly paid shares/units Details

+Security currency AUD - Australian Dollar Are there +CDIs issued over the +securities? No Is it a Partly Paid class of +security? No Is it a stapled class of +security? No Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms Refer Schedule 12 of EGM NOM held 5 May 2023 https://stocknessmonster.com/announcements/ir1.asx-3A615887/

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

Section 4.1: IR1 : ORDINARY FULLY PAID = 136,609,982, being 135,034,982 + 75,000 shares + 1,500,000 shares as per App 2As (x2) released prior to this form.

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Issue details

Number of +securities

25,000

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

Part 4 - +Securities on issue

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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)

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
IR1 : ORDINARY FULLY PAID	135,034,982
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
IR1AH : OPTION EXPIRING 31-JUL-2025 RESTRICTED	1,500,000
IR1AI : OPTION EXPIRING 31-JUL-2025 EX NIL	6,000,000
IR1AV : OPTION EXPIRING 31-DEC-2025 EX $0.40	6,500,000
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	9,600,000
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
IR1AR : OPTION EXPIRING 31-JUL-2025 EX $0.40	16,100,000
New class - code to be confirmed : SHARES ESCROWED 6M UNTIL 01/03/2025	50,000
New class - code to be confirmed : SHARES ESCROWED 12M UNTIL 14/08/2025	75,000

4.2 Unquoted +securities (Total number of each +class of +securities issued but not quoted on ASX)

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

25,000

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New class - code to be confirmed : SHARES ESCROWED 24M UNTIL 14/08/2026

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Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

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