LUNNON METALS LIMITED — Share Issue/Capital Change 2021

Dec 20, 2021

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

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Announcement Summary

Entity name

LUNNON METALS LIMITED

Date of this announcement

Tuesday December 21, 2021

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	Unlisted Options, expiring 16-NOV-2026, $0.00	92,750	20/12/2021
to be confirmed	EX PRICE

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

LUNNON METALS 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

600008848

1.3 ASX issuer code

LM8

1.4 The announcement is

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New announcement

1.5 Date of this announcement

21/12/2021

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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

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ASX +security code +Security description
New class - code to be confirmed Unlisted Options, expiring 16-NOV-2026, $0.00 EX
PRICE
+Security type ISIN code
Options
Date the +securities the subject of this notification were issued
20/12/2021
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?
No
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.
Options Details
+Security currency Exercise price Expiry date
AUD - Australian Dollar AUD 0.00000000 16/11/2026
Details of the existing class of +security that will be issued upon exercise or conversion of this new class of
company option
Other
Description
LM8: Ordinary Fully Paid
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://www.asx.com.au/asxpdf/20210611/pdf/44xb3cms9pxpb4.pdf
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Any other information the entity wishes to provide about the +securities the subject of this notification The Employee Incentive Options are subject to various vesting conditions

Issue details

Number of +securities 92,750

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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
LM8 : ORDINARY FULLY PAID	76,600,156
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
LM8AB : ORDINARY FULLY PAID RESTRICTED	848,501
LM8AC : ORDINARY FULLY PAID RESTRICTED	63,629,002
LM8AD : OPTION EXPIRING 09-JUN-2023 RESTRICTED	1,426,738
LM8AE : OPTION EXPIRING 22-MAR-2026 RESTRICTED	2,175,000
LM8AA : ORDINARY FULLY PAID RESTRICTED	169,406
LM8AG : OPTION EXPIRING 25-OCT-2026 EX NIL	216,965
LM8AF : OPTION EXPIRING 22-MAR-2026 EX $0.05	1,700,000
New class - code to be confirmed : Unlisted Options, expiring 16-NOV-2026, $0.00 EX	92,750
PRICE

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

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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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