IRIS METALS LIMITED — Share Issue/Capital Change 2026

Mar 31, 2026

Appendix 2A - Application for quotation of securities

==> picture [21 x 22] intentionally omitted <==

Announcement Summary

Entity name

IRIS METALS LIMITED

Announcement Type

New announcement

Date of this announcement

Wednesday April 01, 2026

The +securities to be quoted are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
IR1	ORDINARY FULLY PAID	606,060	01/04/2026

Refer to next page for full details of the announcement

Appendix 2A - Application for quotation of securities

1 / 8

Appendix 2A - Application for quotation of securities

Part 1 - Entity and announcement details

==> picture [21 x 22] intentionally omitted <==

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

ABN

Registration number

61646787135

1.3 ASX issuer code

IR1

1.4 The announcement is

New announcement

1.5 Date of this announcement

1/4/2026

Appendix 2A - Application for quotation of securities

2 / 8

Appendix 2A - Application for quotation of securities

Part 2 - Type of Issue

==> picture [21 x 22] intentionally omitted <==

2.1 The +securities to be quoted are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Previous Appendix 3B details:

Announcement Date and Announcement Title Selected Appendix 3B to submit quotation Time request 03-Feb-2026 09:38 New - Proposed issue of securities - IR1 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? No

Appendix 2A - Application for quotation of securities

3 / 8

Appendix 2A - Application for quotation of securities

==> picture [21 x 22] intentionally omitted <==

Part 3A - number and type of +securities to be quoted where issue has previously been notified to ASX in an Appendix 3B

Placement Details

ASX +security code and description IR1 : ORDINARY FULLY PAID

Issue date 1/4/2026

Distribution Schedule

Provide a distribution schedule for the new +securities according to the categories set out in the left hand column - including the number of recipients and the total percentage of the new +securities held by the recipients in each category.

Total percentage of +securities held Number of +securities held Number of holders For example, to enter a value of 50% please input as 50.00 1 - 1,000 % 1,001 - 5,000 % 5,001 - 10,000 % 10,001 - 100,000 % 100,001 and over %

Appendix 2A - Application for quotation of securities

4 / 8

Appendix 2A - Application for quotation of securities

Issue details

==> picture [21 x 22] intentionally omitted <==

Number of +securities to be quoted 606,060 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 0.16500000 Any other information the entity wishes to provide about the +securities to be quoted As approved by shareholders at the EGM held on 26 March 2026 (Resolution 3 and 4). Section 4.2 IR1AAO = 18,666,668, being 18,363,638 + 303,030 (refer prior App 3G)

Appendix 2A - Application for quotation of securities

5 / 8

Appendix 2A - Application for quotation of securities

==> picture [21 x 22] intentionally omitted <==

==> picture [540 x 710] intentionally omitted <==

Appendix 2A - Application for quotation of securities

6 / 8

Appendix 2A - Application for quotation of securities

Part 4 - Issued capital following quotation

==> picture [21 x 22] intentionally omitted <==

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	284,911,261

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
IR1AB : OPTION EXPIRING 01-JUN-2028 EX NIL	1,000,000
IR1AA : OPTION EXPIRING 01-DEC-2027 EX NIL	1,000,000
IR1AZ : OPTION EXPIRING 24-APR-2027 EX $0.40	10,000,000
IR1AAB : OPTION EXPIRING 24-OCT-2026 EX NIL	500,000
IR1AAC : OPTION EXPIRING 24-APR-2027 EX NIL	500,000
IR1AAN : OPTION EXPIRING 14-NOV-2026 EX NIL	2,000,000
IR1AAH : OPTION EXPIRING 30-SEP-2026 EX $0.25	25,097,088
IR1AAI : OPTION EXPIRING 30-JUN-2027 EX $0.20	4,000,000
IR1AAM : OPTION EXPIRING 14-AUG-2026 EX NIL	1,000,000
IR1AAL : OPTION EXPIRING 14-NOV-2027 EX NIL	2,500,000
IR1AAK : OPTION EXPIRING 14-MAY-2027 EX NIL	3,500,000
IR1AAJ : OPTION EXPIRING 14-NOV-2027 EX $0.20	16,250,000
IR1AX : PERFORMANCE RIGHTS	12,900,000
IR1AY : OPTION EXPIRING 14-FEB-2027 EX $0.40	200,000

Appendix 2A - Application for quotation of securities

7 / 8

Appendix 2A - Application for quotation of securities

==> picture [21 x 22] intentionally omitted <==

Appendix 2A - Application for quotation of securities
IR1AW : ORDINARY FULLY PAID EMPLOYEE	25,000
IR1AAO : OPTION EXPIRING 10-FEB-2029 EX $0.2475	18,363,638
IR1AAP : OPTION EXPIRING 10-FEB-2029 EX $0.2887	2,000,000
IR1AP : OPTION EXPIRING 14-JUN-2026 EX $1.50	2,500,000
IR1AAE : OPTION EXPIRING 29-APR-2027 EX NIL	1,500,000
IR1AAG : OPTION EXPIRING 30-SEP-2027 EX $0.40	2,000,000

Appendix 2A - Application for quotation of securities

8 / 8