IRON BEAR RESOURCES LTD — Share Issue/Capital Change 2025

Jun 12, 2025

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ASX Announcement

13 June 2025

Issue of Securities

Cyclone Metals Limited (ASX: CLE ) ( Cyclone or the Company ), advises that it has issued 2,000,000 performance rights (expiring 30 November 2028) under the Company’s EIOP as approved by shareholders at the Company’s general meeting held 5 June 2025 – Resolution 1.

In addition, Cyclone advises that it has issued 13,164,637 fully paid ordinary shares ( Shares ) comprising the following:

• 2,000,000 fully paid ordinary shares upon the exercise of performance rights

• 8,635,046 fully paid ordinary shares issued to the Iron Bear Unit Trust (as approved by shareholders at the Company’s general meeting held 5 June 2025 – Resolutions 2-11)

• 2,529,591 fully paid ordinary shares pursuant to a retainer (as approved by shareholders at the Company’s general meeting held 5 June 2025 – Resolution 13)

Appendix’s 2A and 3G have been lodged together with this announcement.

Notice Under Section 708A(5)(e) of the Corporations Act 2001

In respect of the Shares, Cyclone gives notice under section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Act ) of the following:

1. The Shares were issued without disclosure under Part 6D.2 of the Act;

2. As at the date of this notice, the Company has complied with: (a) the provisions of Chapter 2M of the Act as they apply to the Company; and (b) section 674 and 674(A) of the Act; and

3. As at the date of this notice, there is no information to be disclosed which is excluded information (as defined in section 708A(7) of the Act) that is reasonable for investors and their professional advisers to expect to find in a disclosure document.

Announcement authorised for release by the board of Cyclone.

ENDS

For further information please contact:

Investor Relations Follow us +61 (0) 8 9380 9555 @cyclonemetals ir@cyclonemetals.com cyclone-metals

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