LATROBE MAGNESIUM LIMITED — Share Issue/Capital Change 2023

May 30, 2023

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Announcement Summary

Entity name

LATROBE MAGNESIUM LIMITED

Date of this announcement

Wednesday May 31, 2023

The +securities the subject of this notification are: Other

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
New class - code	Option expiring 23-May-2025 Ex 10C	15,000,000	24/05/2023
to be confirmed

Refer to next page for full details of the announcement

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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

LATROBE MAGNESIUM 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

ABN

Registration number

52009173611

1.3 ASX issuer code

LMG

1.4 The announcement is

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New announcement

1.5 Date of this announcement

31/5/2023

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

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Other

Please specify

notification of unquoted classes

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

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does not have an existing ASX security code ("new class")

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B

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New +securities
ASX +security code +Security description
New class - code to be confirmed Option expiring 23-May-2025 Ex 10C
+Security type ISIN code
Options
Date the +securities the subject of this notification were issued
24/5/2023
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under
listing rule 6.1?
Yes
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued.
Terms of Unlisted Options lodged with ASX on 24 May 2023
Options Details
+Security currency Exercise price Expiry date
AUD - Australian Dollar AUD 0.10000000 23/5/2025
Details of the existing class of +security that will be issued upon exercise or conversion of this new class of
company option
Other
Description
Option expiring 23-May-2025 EX 10C
Any other information the entity wishes to provide about the +securities the subject of this notification
N/A
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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

The issue of unlisted options was announced to the market in an Appendix 3B

Issue details Number of +securities 15,000,000 Were the +securities issued for a cash consideration? Yes In what currency was the cash consideration being What was the issue price per +security? paid? AUD - Australian Dollar AUD 0.10000000 Purpose of the issue To pay for services rendered Additional Details No

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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 application, the +securities of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +Securities (Total number of each +class of +securities quoted)

	Total number of
ASX +security code and description	+securities on issue
LMG : ORDINARY FULLY PAID	1,709,776,621
LMGO : OPTION EXPIRING 26-OCT-2023	111,072,137

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
LMGAB : WARRANT EXPIRING 15-OCT-2022 EX 3C	14,850,000
LMGAC : WARRANT EXPIRING VARIOUS DATES EX VARIOUS PRICES	80,000,001
New class - code to be confirmed : Option expiring 23-May-2025 Ex 10C	15,000,000

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Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? No

5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? No

5.2b Are any of the +securities being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? Yes

5.2b.1 How many +securities are being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1?

15,000,000

5.2c Are any of the +securities being issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? No

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