LEEUWIN METALS LTD — Capital/Financing Update 2025

Apr 7, 2025

Appendix 2A - Application for quotation of securities

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Announcement Summary

Entity name

LEEUWIN METALS LTD

Announcement Type

New announcement

Date of this announcement

Tuesday April 08, 2025

The +securities to be quoted are:

+Restricted securities where the escrow period has expired or is about to expire

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
LM1	ORDINARY FULLY PAID	16,506,668	08/04/2025

Refer to next page for full details of the announcement

Appendix 2A - Application for quotation of securities

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Appendix 2A - Application for quotation of securities

Part 1 - Entity and announcement details

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1.1 Name of entity

LEEUWIN METALS LTD

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

Registration number

ABN 82656057215

1.3 ASX issuer code

LM1

1.4 The announcement is

New announcement

1.5 Date of this announcement

8/4/2025

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Appendix 2A - Application for quotation of securities

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Part 2 - Type of Issue

2.1 The +securities to be quoted are:

+Restricted securities where the escrow period has expired or is about to expire

2.2 The +class of +securities to be quoted is:

Additional +securities in a class that is already quoted on ASX ("existing class")

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Appendix 2A - Application for quotation of securities

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Part 3B - number and type of +securities to be quoted (existing class) where issue has not previously been notified to ASX in an Appendix 3B

Additional +securities to be quoted in an existing class as a result of escrow expiring on an existing class FROM (Existing Class) ASX +security code and description LM1AF : ORDINARY FULLY PAID RESTRICTED

TO (Existing Class) ASX +security code and description LM1 : ORDINARY FULLY PAID Please state the number of +restricted securities where the escrow period And the date the escrow restrictions has expired or is about to expire have ceased or will cease 16,506,668 8/4/2025

Issue date

8/4/2025 Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class? Yes

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Appendix 2A - Application for quotation of securities

Issue details

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Number of +securities to be quoted

1,066,668

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 0.15000000

Any other information the entity wishes to provide about the +securities to be quoted

Application for quotation of ordinary fully paid shares previously subject to ASX restriction as detailed in the Company's Pre-Quotation Disclosure dated 28 March 2023.

Number of +securities to be quoted

9,140,000

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 0.01000000

Any other information the entity wishes to provide about the +securities to be quoted

Application for quotation of ordinary fully paid shares previously subject to ASX restriction as detailed in the Company's Pre-Quotation Disclosure dated 28 March 2023.

Number of +securities to be quoted

6,300,000

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 0.04000000

Any other information the entity wishes to provide about the +securities to be quoted

Application for quotation of ordinary fully paid shares previously subject to ASX restriction as detailed in the Company's Pre-Quotation Disclosure dated 28 March 2023.

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Appendix 2A - Application for quotation of securities

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Part 4 - Issued capital following quotation

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
LM1 : ORDINARY FULLY PAID	100,806,384
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
LM1AK : OPTION EXPIRING 21-MAR-2028 EX $0.1715	3,250,000
LM1AF : ORDINARY FULLY PAID RESTRICTED	0
LM1AG : OPTION EXPIRING 23-MAR-2026 RESTRICTED	3,000,000
LM1AH : OPTION EXPIRING 31-MAY-2027 RESTRICTED	2,500,000
LM1AL : PERFORMANCE RIGHTS	6,700,000
LM1AI : OPTION EXPIRING 12-MAY-2028 RESTRICTED	23,500,000

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

Appendix 2A - Application for quotation of securities

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