LOYAL METALS LTD — Share Issue/Capital Change 2023

Aug 17, 2023

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

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Announcement Summary

Entity name

LOYAL LITHIUM LIMITED

Date of this announcement

Friday August 18, 2023

The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that 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	LTIP Unquoted Options	400,000	15/08/2023
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

LOYAL LITHIUM LIMITED

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

1.2 Registered number type

ACN

Registration number

644564241

1.3 ASX issuer code

LLI

1.4 The announcement is

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New announcement

1.5 Date of this announcement

18/8/2023

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Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

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

ASX +security code +Security description New class - code to be confirmed LTIP Unquoted Options +Security type ISIN code Options

Date the +securities the subject of this notification were issued 15/8/2023

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

Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
Ian Pamensky	Lorian Pray Ltd <Pamensky FamilyA/C>	200,000

Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? No

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/20230526/pdf/05q21c3qwcyj9q.pdf Refer seperate ASX Announcement - 18 August 2023 (TERMS AND CONDITIONS OF OPTIONS)

Options Details

+Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.75000000 8/8/2026

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other

Description

Ordinary Shares - ASX: LLI

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

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Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms

https://announcements.asx.com.au/asxpdf/20230526/pdf/05q21c3qwcyj9q.pdf

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

(Vesting Date) Each Option will vest after 6 months of continuous employment from the 08 August 2023.

Issue details

Number of +securities

400,000

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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 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
LLI : ORDINARY FULLY PAID	68,990,001
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
LLIAM : OPTION EXPIRING 06-JUL-2024 EX $0.30	4,000,000
LLIAL : OPTION EXPIRING 31-MAY-2026 EX $0.50	3,499,999
LLIAI : OPTION EXPIRING 25-JUL-2025 EX $0.35	1,000,000
LLIAJ : PERFORMANCE RIGHTS	700,000
LLIAK : OPTION EXPIRING 16-JAN-2026 EX $0.60	2,000,000
LLIAR : PERFORMANCE RIGHTS RESTRICTED	2,500,000
LLIAQ : OPTION EXPIRING 31-MAR-2026 RESTRICTED	2,000,000
LLIAN : ORDINARY FULLY PAID RESTRICTED	2,000,000
LLIAS : PERFORMANCE SHARES RESTRICTED	4,000,000
LLIAO : ORDINARY FULLY PAID RESTRICTED	15,250,000
LLIAP : OPTION EXPIRING 28-MAR-2026 RESTRICTED	4,000,000
LLIAB : OPTION EXPIRING 06-JUL-2024 EX $0.30	18,300,000
LLIAD : OPTION EXPIRING 02-MAY-2025 EX $0.45	500,000

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

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

400,000

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New class - code to be confirmed : LTIP Unquoted Options

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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? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

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