IRON BEAR RESOURCES LTD — Share Issue/Capital Change 2024

Dec 12, 2024

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

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Announcement Summary

Entity name

CYCLONE METALS LIMITED

Date of this announcement

Friday December 13, 2024

The +securities the subject of this notification are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Total number of +securities to be issued/transferred

	ities the subject of this notification are:issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that areand are not intended to be quoted, on ASX
	er of +securities to be issued/transferred
	rityTotal number of+securities to be
ASX +securitycodeSecurity descriptionTotal number of+securities to beissued/transferredIssue dateCLEATOPTION EXPIRING 30-NOV-2028 EX $0.032132,000,00013/12/2024	rityTotal number of+securities to be

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

CYCLONE 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 ABN 71095047920

1.3 ASX issuer code

CLE

1.4 The announcement is

New announcement

1.5 Date of this announcement

13/12/2024

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

Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Previous Appendix 3B details:

Announcement Date and	Announcement Title	Selected Appendix 3B to submit quotation
Time		request
19-Jul-2024 10:47	New - Proposed issue of securities -	A placement or other type of issue
	CLE

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 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 3A - number and type of +securities the subject of this notification (existing class or new class) where issue has previously been notified to ASX in an Appendix 3B

Placement Details

ASX +security code and description CLEAT : OPTION EXPIRING 30-NOV-2028 EX $0.032

Date the +securities the subject of this notification were issued 13/12/2024 Any other information the entity wishes to provide about the +securities the subject of this notification

Issue details

Number of +securities 132,000,000 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities Issue of options to Underwriter (refer to GM NOM lodged with the ASX 28 October 2024 - Resolution 1)

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 4 - +Securities on issue

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)

	Total number of
ASX +security code and description	+securities on issue
CLE : ORDINARY FULLY PAID	918,298,877
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
CLEAM : OPTION EXPIRING 22-FEB-2025 EX $0.06	1,500,000
CLEAR : OPTION EXPIRING 19-JAN-2027 EX $0.04	5,000,000
CLEAA : OPTION EXPIRING 12-MAR-2026 EX $0.04	3,000,000
CLEAO : OPTION EXPIRING 05-DEC-2026 EX $0.20	10,500,000
CLEAP : OPTION EXPIRING 05-DEC-2025 EX $0.10	13,000,000
CLEAT : OPTION EXPIRING 30-NOV-2028 EX $0.032	250,569,826

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

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

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