KINGFISHER MINING LTD — Capital/Financing Update 2025

Jul 24, 2025

Appendix 3B - Proposed issue of securities

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Announcement Summary

Entity name

KINGFISHER MINING LTD

Announcement Type

New announcement

Date of this announcement

25/7/2025

The Proposed issue is:

A standard pro rata issue (including non-renounceable or renounceable) A placement or other type of issue

Total number of +securities proposed to be issued for a standard pro rata issue (including non-renounceable or renounceable)

		Maximum Number of
ASX +security code	+Security description	+securities to be issued
New class-code to be	Unquoted 10c options expiring 3 years from issue date	16,678,751
confirmed
KFM	ORDINARY FULLY PAID	33,357,501

Ex date

11/8/2025

+Record date

12/8/2025

Offer closing date

26/8/2025

Issue date

2/9/2025

Total number of +securities proposed to be issued for a placement or other type of issue

		Maximum Number of
ASX +security code	+Security description	+securities to be issued
New class-code to be	Unquoted 10c options expiring 3 years from issue date	2,500,000
confirmed

Proposed +issue date

16/10/2025

Refer to next page for full details of the announcement

Appendix 3B - Proposed issue of securities

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Appendix 3B - Proposed issue of securities

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Part 1 - Entity and announcement details

1.1 Name of +Entity

KINGFISHER MINING LTD

We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.

If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation).

1.2 Registered Number Type

ACN

Registration Number

629675216

1.3 ASX issuer code

KFM

1.4 The announcement is

New announcement

1.5 Date of this announcement

25/7/2025

1.6 The Proposed issue is:

A standard +pro rata issue (non-renounceable or renounceable) A placement or other type of issue

1.6a The proposed standard +pro rata issue is:

• Non-renounceable

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Appendix 3B - Proposed issue of securities

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Part 3 - Details of proposed entitlement offer issue

Part 3A - Conditions

3A.1 Do any external approvals need to be obtained or other conditions satisfied before the entitlement offer can proceed on an unconditional basis?

Yes 3A.1a Conditions

Approval/Condition Date for determination Is the date estimated or ** Approval actual? received/condition met? +Security holder approval 16/10/2025 Estimated No

Comments

33,357,501 fully paid ordinary shares to be issued under the non-renounceable entitlements issue will not be subject to shareholder approval

16,678,750 unquoted 10c options expiring 3 years from issue date to be issued under the non-renounceable entitlements issue will not be subject to shareholder approval

2,500,000 unquoted 10c options expiring 3 years from issue date will be subject to shareholder approval

Part 3B - Offer details

+Class or classes of +securities that will participate in the proposed issue and +class or classes of +securities proposed to be issued

ASX +security code and description

KFM : ORDINARY FULLY PAID

Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)? Existing class

Will the proposed issue of this If the entity has quoted company +security include an offer of options, do the terms entitle option attaching +securities? holders to participate on exercise? Yes No

Details of +securities proposed to be issued

ASX +security code and description

KFM : ORDINARY FULLY PAID

ISIN Code (if Issuer is a foreign company and +securities do not have +CDIs issued over them)

ISIN Code for the entitlement or right to participate in a non-renounceable

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Appendix 3B - Proposed issue of securities

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issue (if Issuer is foreign company and +securities do not have +CDIs issued over them)

Offer ratio (ratio to existing holdings at which the proposed +securities will be issued)	Offer ratio (ratio to existing holdings at which the proposed +securities will be issued)
The quantity of additional +securities	For a given quantity of +securities
to be issued	held
1	2
What will be done with fractional	Maximum number of +securities
entitlements?	proposed to be issued (subject to
	rounding)
Fractions rounded up to the next	33,357,501
whole number
Offer price details for retail security holders
In what currency will the offer be	What is the offer price per +security
made?	for the retail offer?
AUD - Australian Dollar	AUD 0.04000

Oversubscription & Scale back details

Will individual +security holders be permitted to apply for more than their entitlement (i.e. to over-subscribe)? Yes Describe the limits on over-subscription

The allocation of Shortfall Securities is at the Company¿s absolute discretion and the Shortfall Offer will remain open for up to three months following the Closing Date of the Offer.

Will a scale back be applied if the offer is over-subscribed? Yes

Describe the scale back arrangements

The scale back of Shortfall Securities is at the Company¿s absolute discretion

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Yes

Attaching +Security

Is the proposed attaching security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional +securities in a class that is already quoted or recorded by ASX)? New class

Attaching +Security - New class (+securities in a class that is not yet quoted or recorded by ASX)

Details of attaching +securities proposed to be issued

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Appendix 3B - Proposed issue of securities

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ISIN Code (if Issuer is a foreign company and +securities do not have +CDIs issued over them)

ISIN Code for the entitlement or right to participate in a non-renounceable issue (if Issuer is foreign company and +securities do not have +CDIs issued over them)

Have you received confirmation from ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1? Will the entity be seeking quotation of the 'new' class of +securities on ASX? ASX +security code New class-code to be confirmed +Security description Unquoted 10c options expiring 3 years from issue date No No	Have you received confirmation from ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1? Will the entity be seeking quotation of the 'new' class of +securities on ASX? ASX +security code New class-code to be confirmed +Security description Unquoted 10c options expiring 3 years from issue date No No
New class-code to be confirmed	Unquoted 10c options expiring 3 years from issue date

+Security type Options

Offer ratio (ratio of attaching securities at which the new +securities will be issued)	Offer ratio (ratio of attaching securities at which the new +securities will be issued)
The quantity of attaching +securities to be issued	For a given quantity of the new +securities issued
1	2
What will be done with fractional entitlements?	Maximum number of +securities proposed to be issued
Fractions rounded up to the next whole number	(subject to rounding)
	16,678,751
Offer price details for retail security holders
In what currency will the offer be made?	What is the offer price per +security for the retail offer?
	AUD 0.00000
AUD - Australian Dollar

Oversubscription & Scale back details

Will individual +security holders be permitted to apply for more than their entitlement (i.e. to over-subscribe)? Yes

Describe the limits on over-subscription

The allocation of Shortfall Securities is at the Company¿s absolute discretion and the Shortfall Offer will remain open for up to three months following the Closing Date of the Offer.

Will a scale back be applied if the offer is over-subscribed? Yes

Describe the scale back arrangements

The scale back of Shortfall Securities is at the Company¿s absolute discretion

Will all the +securities issued in this class rank equally in all respects from their issue date? Yes

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Appendix 3B - Proposed issue of securities

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Options details

+Security currency

AUD - Australian Dollar

Exercise price Expiry date AUD 0.1000

Details of the type of +security that will be issued if the option is exercised

KFM : ORDINARY FULLY PAID

Number of securities that will be issued if the option is exercised

1 KFM ordinary fully paid share for 1 option exercised

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities proposed to be issued or provide the information by separate announcement.

Refer to announcement dated 25 July 2025

Part 3C - Timetable

3C.1 +Record date

12/8/2025

3C.2 Ex date

11/8/2025

3C.4 Record date

12/8/2025

3C.5 Date on which offer documents will be sent to +security holders entitled to participate in the +pro rata issue 15/8/2025

3C.6 Offer closing date

26/8/2025

3C.7 Last day to extend the offer closing date

21/8/2025

3C.9 Trading in new +securities commences on a deferred settlement basis 27/8/2025

3C.11 +Issue date and last day for entity to announce results of +pro rata issue 2/9/2025

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Appendix 3B - Proposed issue of securities

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3C.12 Date trading starts on a normal T+2 basis 3/9/2025 3C.13 First settlement date of trades conducted on a +deferred settlement basis and on a normal T+2 basis 5/9/2025 Part 3E - Fees and expenses 3E.1 Will there be a lead manager or broker to the proposed offer? Yes 3E.1a Who is the lead manager/broker? CPS Capital Group Pty Ltd

3E.1b What fee, commission or other consideration is payable to them for acting as lead manager/broker? Rights Issue Fee of 6% of non-renounceable entitlements funds received 2,500,000 Rights Issue unquoted 10c options expiring 3 years from issue date 3E.2 Is the proposed offer to be underwritten? No 3E.3 Will brokers who lodge acceptances or renunciations on behalf of eligible +security holders be paid a handling fee or commission? No

3E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed offer

Part 3F - Further Information

3F.1 The purpose(s) for which the entity intends to use the cash raised by the proposed issue Exploration on the new NSW projects, continuing evaluation of the Mick Well REE project, working capital and expenses of the offer 3F.2 Will holdings on different registers or subregisters be aggregated for the purposes of determining entitlements to the issue? Yes 3F.2a Please explain how holdings on different registers or subregisters will be aggregated for the purposes of determining entitlements. Further details of the terms of the offer under the rights issue will be set out in the prospectus, which is expected to be lodged on 6 August 2025. 3F.3 Will the entity be changing its dividend/distribution policy if the proposed issue is successful? No 3F.4 Countries in which the entity has +security holders who will not be eligible to participate in the proposed issue Malaysia 3F.5 Will the offer be made to eligible beneficiaries on whose behalf eligible nominees or custodians hold existing +securities No 3F.6 URL on the entity's website where investors can download information about the proposed issue www.kingfishermining.com.au

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Appendix 3B - Proposed issue of securities

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3F.7 Any other information the entity wishes to provide about the proposed issue

3F.8 Will the offer of rights under the rights issue be made under a +disclosure document or product disclosure statement under Chapter 6D or Part 7.9 of the Corporations Act (as applicable)? Yes

3F.9 Any on-sale of the +securities proposed to be issued within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of: The publication of a +disclosure document or +PDS for the +securities proposed to be issued

Appendix 3B - Proposed issue of securities

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Appendix 3B - Proposed issue of securities

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Part 7 - Details of proposed placement or other issue

Part 7A - Conditions

7A.1 Do any external approvals need to be obtained or other conditions satisfied before the placement or other type of issue can proceed on an unconditional basis? Yes

7A.1a Conditions

Approval/Condition Date for determination Is the date estimated or ** Approval actual? received/condition met? +Security holder approval 16/10/2025 Estimated No

Comments

2,500,000 unquoted 10c options expiring 3 years from issue date will be subject to shareholder approval

Part 7B - Issue details

Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)? New class

Will the proposed issue of this +security include an offer of attaching +securities? No

Details of +securities proposed to be issued

ISIN Code (if Issuer is a foreign company and +securities do not have +CDIs issued over them)

Have you received confirmation from Will the entity be seeking quotation ASX that the terms of the proposed of the 'new' class of +securities on +securities are appropriate and ASX? equitable under listing rule 6.1? No No ASX +security code +Security description New class-code to be confirmed Unquoted 10c options expiring 3 years from issue date

+Security type

Options

Number of +securities proposed to be issued

2,500,000

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Appendix 3B - Proposed issue of securities

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Offer price details

Offer price details	Offer price details
Are the +securities proposed to be issued being issued for a cash consideration?
No
Please describe the consideration being provided for the +securities Part of broker fees for non-renounceable entitlements issue
Please provide an estimate of the AUD equivalent of the consideration being
provided for the +securities
Will all the +securities issued in this class rank equally in all respects from
their issue date?
Yes
Options details
+Security currency Exercise price	Expiry date
AUD - Australian Dollar AUD 0.1000
Details of the type of +security that will be issued if the option is exercised
KFM : ORDINARY FULLY PAID
Number of securities that will be issued if the option is exercised 1 KFM ordinary fully paid share for 1 option exercised
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities
proposed to be issued or provide the information by separate announcement. Refer to announcement dated 25 July 2025
Part 7C - Timetable
7C.1 Proposed +issue date
16/10/2025
Part 7D - Listing Rule requirements

7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1? Yes 7D.1a Date of meeting or proposed meeting to approve the issue under listing rule 7.1 16/10/2025 7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue? No 7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules? No

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Appendix 3B - Proposed issue of securities

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7D.4 Will any of the +securities to be issued be subject to +voluntary escrow? No

Part 7E - Fees and expenses 7E.1 Will there be a lead manager or broker to the proposed issue? No 7E.2 Is the proposed issue to be underwritten? No 7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue

Part 7F - Further Information

7F.01 The purpose(s) for which the entity is issuing the securities Part of broker fees for non-renounceable entitlements issue 7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds? No 7F.2 Any other information the entity wishes to provide about the proposed issue

Appendix 3B - Proposed issue of securities

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