LIGHTNING MINERALS LTD — Share Issue/Capital Change 2024

Jun 18, 2024

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Announcement Summary

Entity name

LIGHTNING MINERALS LTD

Date of this announcement

Wednesday June 19, 2024

The +securities the subject of this notification are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

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	Unlisted Options with an exercise price of $0.105	6,000,000	18/06/2024
to be confirmed	expiring 18 June 2027
New class - code	Class E Performance Rights expiring 18 June	14,285,714	18/06/2024
to be confirmed	2027
New class - code	Class F Performance Rights expiring 18 June	14,285,714	18/06/2024
to be confirmed	2028
New class - code	Class G Performance Rights expiring 18 June	11,428,571	18/06/2024
to be confirmed	2029

Refer to next page for full details of the announcement

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - 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

LIGHTNING MINERALS LTD

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

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

19/6/2024

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Previous Appendix 3B details:

Announcement Date and	Announcement Title	Selected Appendix 3B to submit quotation
Time		request
22-Apr-2024 09:41	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 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 3A - number and type of +securities the subject of this notification (existing class or new class) where issue has previously been notified to ASX in an Appendix 3B

Placement Details

ASX +security code and description new unquoted class of security

Date the +securities the subject of this notification were issued 18/6/2024 Any other information the entity wishes to provide about the +securities the subject of this notification Unlisted Options with an exercise price of $0.105 expiring 18 June 2027

Issue details Number of +securities 6,000,000 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities

Issued as part consideration for the acquisition of Bengal Mining Pty Ltd

ASX +security code and description

new unquoted class of security

Date the +securities the subject of this notification were issued 18/6/2024 Any other information the entity wishes to provide about the +securities the subject of this notification Class E Performance Rights with vesting Condition: A Mineral Resource Estimate of a minimum of 5Mt at a grade of at least 1% lithium is declared by the Company on a Qualifying Property in an announcement on the ASX or similar securities exchange, expiry 18 June 2027.

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Issue details

Number of +securities

14,285,714

Were the +securities issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

Issued as part consideration for the acquisition of Bengal Mining Pty Ltd

ASX +security code and description

new unquoted class of security

Date the +securities the subject of this notification were issued

18/6/2024

Any other information the entity wishes to provide about the +securities the subject of this notification

Class F Performance Rights with vesting Condition: A Mineral Resource Estimate of a minimum of 10Mt at a grade of at least 1% lithium is declared by the Company on a Qualifying Property in an announcement on the ASX or similar securities exchange, expiry 18 June 2028.

Issue details

Number of +securities

14,285,714

Were the +securities issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

Issued as part consideration for the acquisition of Bengal Mining Pty Ltd

ASX +security code and description

new unquoted class of security

Date the +securities the subject of this notification were issued

18/6/2024

Any other information the entity wishes to provide about the +securities the subject of this notification

Class G Performance Rights with vesting Condition: A Mineral Resource Estimate of a minimum of 30Mt at a grade of at least 1% lithium is declared by the Company on a Qualifying Property in an announcement on the ASX or similar securities exchange, expiry 18 June 2029.

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

Issue details

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Number of +securities

11,428,571 Were the +securities issued for a cash consideration? No

Please describe the consideration being provided for the +securities

Issued as part consideration for the acquisition of Bengal Mining Pty Ltd

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Part 3C - number and type of +securities the subject of this notification (new class)

ASX +security code		+Security description	+Security description
New class - code to be confirmed		Unlisted Options with an exercise price of $0.105 expiring 18 June 2027
+Security type		ISIN code
Options
Date the +securities the subject of this notification were		issued
18/6/2024
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. https://announcements.asx.com.au/asxpdf/20240513/pdf/063hm4wsdbn7mk.pdf
Schedule 3
Options Details
+Security currency	Exercise price		Expiry date
AUD - Australian Dollar	AUD 0.10500000		18/6/2027

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option L1M : ORDINARY FULLY PAID

Any other information the entity wishes to provide about the +securities the subject of this notification

Unlisted Options with an exercise price of $0.105 expiring 18 June 2027

Issue details

Number of +securities

6,000,000

ASX +security code

New class - code to be confirmed

+Security description

Class E Performance Rights expiring 18 June 2027

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+Security type

ISIN code

Other

Date the +securities the subject of this notification were issued

18/6/2024

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

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://announcements.asx.com.au/asxpdf/20240513/pdf/063hm4wsdbn7mk.pdf

Schedule 4 (Tranche A)

Any other information the entity wishes to provide about the +securities the subject of this notification

Issue details

Number of +securities

14,285,714

ASX +security code +Security description New class - code to be confirmed Class F Performance Rights expiring 18 June 2028 +Security type ISIN code

Other

Date the +securities the subject of this notification were issued

18/6/2024

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

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://announcements.asx.com.au/asxpdf/20240513/pdf/063hm4wsdbn7mk.pdf Schedule 4 (Tranche B)

Any other information the entity wishes to provide about the +securities the subject of this notification

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Issue details

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Number of +securities

14,285,714

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ASX +security code +Security description
New class - code to be confirmed Class G Performance Rights expiring 18 June 2029
+Security type ISIN code
Other
Date the +securities the subject of this notification were issued
18/6/2024
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued.
https://announcements.asx.com.au/asxpdf/20240513/pdf/063hm4wsdbn7mk.pdf
Schedule 4 (Tranche C)
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Any other information the entity wishes to provide about the +securities the subject of this notification

Issue details

Number of +securities

11,428,571

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Part 4 - +Securities on issue

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Following the issue, conversion or payment up of the +securities the subject of this notification, the +securities 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 issued and quoted on ASX)

	Total number of
ASX +security code and description	+securities on issue
L1M : ORDINARY FULLY PAID	69,546,492
L1MO : OPTION EXPIRING 13-MAR-2028	37,442,829

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
L1MAN : OPTION EXPIRING 27-SEP-2027 EX $0.25	250,000
L1MAO : PERFORMANCE RIGHTS	1,250,000
L1MAF : ORDINARY FULLY PAID RESTRICTED	7,638,970
L1MAG : OPTION EXPIRING 14-NOV-2026 RESTRICTED	5,000,000
L1MAH : OPTION EXPIRING 27-SEP-2027 RESTRICTED	5,200,000
L1MAI : PERFORMANCE RIGHTS RESTRICTED	4,800,000
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
New class - code to be confirmed : Unlisted Options with an exercise price of $0.105	6,000,000
expiring 18 June 2027
New class - code to be confirmed : Class E Performance Rights expiring 18 June 2027	14,285,714
New class - code to be confirmed : Class F Performance Rights expiring 18 June 2028	14,285,714
New class - code to be confirmed : Class G Performance Rights expiring 18 June 2029	11,428,571

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