LIGHTNING MINERALS LTD — Capital/Financing Update 2026

Mar 4, 2026

Appendix 2A - Application for quotation of securities

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Announcement Summary

Entity name

LIGHTNING MINERALS LTD

Announcement Type

New announcement

Date of this announcement

Thursday March 05, 2026

The +securities to be quoted are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
L1MOA	OPTION EXPIRING 03-MAR-2029	78,125,000	03/03/2026

Refer to next page for full details of the announcement

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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

LIGHTNING MINERALS 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

ACN 656005122

1.3 ASX issuer code

L1M

1.4 The announcement is

New announcement

1.5 Date of this announcement

5/3/2026

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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:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Previous Appendix 3B details: Announcement Date and Announcement Title Selected Appendix 3B to submit quotation Time request 27-Nov-2025 09:54 New - Proposed issue of securities - A placement or other type of issue L1M

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

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Appendix 2A - Application for quotation of securities

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Part 3A - number and type of +securities to be quoted where issue has previously been notified to ASX in an Appendix 3B

Placement Details

ASX +security code and description L1MOA : OPTION EXPIRING 03-MAR-2029 Issue date 3/3/2026

Distribution Schedule

Provide a distribution schedule for the new +securities according to the categories set out in the left hand column - including the number of recipients and the total percentage of the new +securities held by the recipients in each category.

category.
		Total percentage of +securities held
Number of +securities held	Number of holders	For example, to enter a value of 50%
		please input as 50.00
1 - 1,000	0	0.00 %
1,001 - 5,000	0	0.00 %
5,001 - 10,000	0	0.00 %
10,001 - 100,000	6	0.39 %
100,001 and over	80	99.61 %

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Appendix 2A - Application for quotation of securities

Issue details

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Number of +securities to be quoted

78,125,000 Are the +securities being issued for a cash consideration? No Please describe the consideration being provided for the +securities Attaching options to placement shares. Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted 0.005000

Any other information the entity wishes to provide about the +securities to be quoted Distribution Schedule includes 40,000,000 broker options issued in same class on same issue date.

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Appendix 2A - Application for quotation of securities

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Appendix 2A - Application for quotation of securities

Part 4 - Issued capital following quotation

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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
L1M : ORDINARY FULLY PAID	277,328,319
L1MO : OPTION EXPIRING 13-MAR-2028	40,389,258
L1MOA : OPTION EXPIRING 03-MAR-2029	78,125,000

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
L1MAU : OPTION EXPIRING 12-DEC-2030 EX $0.25	500,000
L1MAN : OPTION EXPIRING 27-SEP-2027 EX $0.25	5,950,000
L1MAO : PERFORMANCE RIGHTS	46,922,727
L1MAQ : OPTION EXPIRING 14-AUG-2029 EX $0.075	400,000
L1MAR : OPTION EXPIRING 14-AUG-2029 EX $0.25	250,000
L1MAS : OPTION EXPIRING 14-AUG-2029 EX $0.105	350,000
L1MAP : OPTION EXPIRING 18-JUN-2027 EX $0.105	6,000,000
L1MAG : OPTION EXPIRING 14-NOV-2026 EX $0.25	5,000,000
L1MAT : OPTION EXPIRING 18-SEP-2028 EX $0.075	14,733,331
L1MAK : OPTION EXPIRING 06-APR-2027 EX $0.30	80,000
L1MAL : OPTION EXPIRING 06-APR-2027 EX $0.40	110,000
L1MAM : OPTION EXPIRING 06-APR-2027 EX $0.50	140,000

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