LORD RESOURCES LIMITED — Capital/Financing Update 2024

Apr 30, 2024

1 May 2024

ASX ANNOUNCEMENT

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TRANCHE 1 PLACEMENT COMPLETED & CLEANSING NOTICE

Lord Resources Limited (ASX: LRD) (“Lord” or the “Company”) wishes to confirm the allotment of 10.75 Million ordinary fully paid shares (Shares) at $0.05 per share to raise $537,500 to institutional and sophisticated investors, along with existing shareholders (“ Placement ”). This comprises Tranche 1 of the Placement as announced on 24 April 2024.

4.3 million Shares were issued under the Company’s existing placement capacity under Listing Rule 7.1A and 6.45 million Shares were issued under Listing Rule 7.1.

The Directors wish to thank existing shareholders for their continued support of the Company and welcome the new shareholders.

The Company gives notice that:

• it issued the Shares without disclosure to investors under Part 6D.2 of the Corporations Act 2001 (“Act”);

• this notice is being given under section 708A(5)(e) of the Act;

• as at today’s date, the Company has complied with:

  • (i) the provisions of Chapter 2M of the Act as they apply to the Company; and

  • (ii) section 674 and section 674A of the Act; and

• as at the date of this notice, there is no excluded information, as that term is defined in Sections 708A(6)(e), 708A(7) and 708A(8) of the Act.

The Company also confirms that a shareholder meeting is planned to be convened in June 2024 to seek approval for Tranche 2 of the Placement (19.25 million Shares at $0.05 per share to raise $962,500), 15 million Attaching Options and 10 million Lead Manager Options to Bell Potter Securities Limited who acted as Lead manager for the Placement.

This announcement was authorised by Mr Paul Jurman, Company Secretary of Lord Resources Limited.

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For further information please contact:

Barnaby Egerton-Warburton

Executive Director

E: bew@lordresources.com

P: +61 437 291 155