LODE RESOURCES LTD — Share Issue/Capital Change 2023

Dec 5, 2023

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

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Announcement Summary

Entity name

LODE RESOURCES LTD

Date of this announcement

Wednesday December 06, 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	Unlisted Options 06-Dec-2025 Ex $0.24	1,000,000	06/12/2023
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

LODE RESOURCES 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

ABN

Registration number

30637512415

1.3 ASX issuer code

LDR

1.4 The announcement is

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New announcement

1.5 Date of this announcement

6/12/2023

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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

Unlisted options

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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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

New +securities ASX +security code +Security description New class - code to be confirmed Unlisted Options 06-Dec-2025 Ex $0.24 +Security type ISIN code Options Date the +securities the subject of this notification were issued 6/12/2023 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. chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://yourir.info/resources/67b8543b455370dc/announcements/ld r.asx/2A1482591/LDR_Annual_Report_AGM_Notice_and_Proxy.pdf

Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.24000000 6/12/2025 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other

Description Options 06-Dec-2025 Ex $0.24

Any other information the entity wishes to provide about the +securities the subject of this notification No

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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

N/a

Issue details

Number of +securities

1,000,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Options are issue as remuneration incentive Purpose of the issue Other

Additional Details

Options are issue as remuneration incentive

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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
LDR : ORDINARY FULLY PAID	106,784,145
LDRO : OPTION EXPIRING 25-AUG-2024	13,263,833

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
LDRAE : OPTION EXPIRING 02-DEC-2024 EX NIL	1,428,572
LDRAF : OPTION EXPIRING 14-FEB-2025 EX $0.40	2,500,000
New class - code to be confirmed : Unlisted Options 06-Dec-2025 Ex $0.24	1,000,000

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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? Yes

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

29/11/2023

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