IRIS METALS LIMITED — Share Issue/Capital Change 2024

Jul 3, 2024

Appendix 3H - Notification of cessation of securities

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Announcement Summary

Entity name

IRIS METALS LIMITED

Announcement Type

New announcement

Date of this announcement

Thursday July 04, 2024

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
IR1AN	PERFORMANCE RIGHTS	2,400,000	Lapse of conditional right to	30/06/2024
	RESTRICTED		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

IRIS METALS LIMITED

We (the entity named above) provide the following information about our issued capital.

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

4/7/2024

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Appendix 3H - Notification of cessation of securities

Part 2 - Details of +equity securities or +debt securities that have ceased

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ASX +Security Code and Description

IR1AN : PERFORMANCE RIGHTS RESTRICTED

Unquoted +equity securities that have ceased

Number of securities that have ceased

2,400,000

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

30/6/2024

Is the entity paying any consideration for the cessation? No

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

Class A Performance Rights (2,400,000) issued on 4 June 2024, vesting condition being the Company achieving a market capitalisation of $500,000,000 over a consecutive 20 day period on or before 30 June 2024.

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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
IR1 : ORDINARY FULLY PAID	135,034,982
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
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
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

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.

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Appendix 3H - Notification of cessation of securities

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