LIGHTNING MINERALS LTD — Share Issue/Capital Change 2025

Sep 4, 2025

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

Friday September 05, 2025

The +securities to be quoted are: Other

Please refer to the response to Q2.3d for further information about the type of securities to be quoted and the circumstances of the issue.

Issue of 875,000 additional shares to the placement referenced in announcement and appendix 3B dated 30 June 2025.

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
L1M	ORDINARY FULLY PAID	875,000	05/09/2025

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

5/9/2025

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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:

Other

Please refer to the response to Q2.3d for further information about the type of securities to be quoted and the circumstances of the issue.

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

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

2.3c Have these +securities been offered under a +disclosure document or +PDS? No

2.3d Please provide any further information needed to understand the circumstances in which you are applying to have these +securities quoted on ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

Issue of 875,000 additional shares to the placement referenced in announcement and appendix 3B dated 30 June 2025.

2.4 Any on-sale of the +securities to be quoted 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 cleansing notice under section 708A(5), 708AA(2)(f), 1012DA(5) or 1012DAA(2)(f)

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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 ASX +security code and description L1M : ORDINARY FULLY PAID

Issue date
5/9/2025
Will the +securities to be quoted rank equally in all respects from their issue date with the
existing issued +securities in that class?
Yes
Issue details
Number of +securities to be quoted
875,000
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

The purpose(s) for which the entity is issuing the securities

To raise additional working capital

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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
L1M : ORDINARY FULLY PAID	154,203,319
L1MO : OPTION EXPIRING 13-MAR-2028	40,389,258
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	5,450,000
L1MAO : PERFORMANCE RIGHTS	46,049,999
L1MAQ : OPTION EXPIRING 14-AUG-2029 EX $0.075	200,000
L1MAR : OPTION EXPIRING 14-AUG-2029 EX $0.25	125,000
L1MAS : OPTION EXPIRING 14-AUG-2029 EX $0.105	175,000
L1MAP : OPTION EXPIRING 18-JUN-2027 EX $0.105	6,000,000
L1MAG : OPTION EXPIRING 14-NOV-2026 EX $0.25	5,000,000
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

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

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Appendix 2A - Application for quotation of securities

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Part 5 - Other Listing Rule requirements

5.1 Are the +securities being issued under an exception in Listing Rule 7.2 and therefore the issue does 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? Yes

5.2a Date of meeting or proposed meeting to approve the issue under listing rule 7.1

26/8/2025

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