M3 MINING LIMITED — Share Issue/Capital Change 2024

May 22, 2024

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Announcement Summary

Entity name

M3 MINING LIMITED

Date of this announcement

Thursday May 23, 2024

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 2024 Performance Rights 5,750,000 22/05/2024 to be confirmed

Refer to next page for full details of the announcement

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - 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

M3 MINING 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 Registration number

1.2 Registered number type Registration number ACN 644548434

1.3 ASX issuer code

M3M

1.4 The announcement is

New announcement

1.5 Date of this announcement

23/5/2024

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

Other Please specify

Issue of performance rights approved by shareholders on 23 April 2024.

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

does not have an existing ASX security code ("new class")

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 3C - number and type of +securities the subject of this notification (new class)

New +securities

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ASX +security code +Security description
New class - code to be confirmed 2024 Performance Rights
+Security type ISIN code
Other
Date the +securities the subject of this notification were issued
22/5/2024
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued.
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02787556-6A1199418
Any other information the entity wishes to provide about the +securities the subject of this notification
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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

Issue of incentives approved by shareholders

Issue details

Number of +securities

5,750,000

Were the +securities issued for a cash consideration? No

Please describe the consideration being provided for the +securities

Issued as incentives as detailed in notice of meeting - 23 April 2024

Purpose of the issue

Other Additional Details

Issued as incentives as detailed in notice of meeting - 23 April 2024

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this notification, the +securities 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 issued and quoted on ASX)

	Total number of
ASX +security code and description	+securities on issue
M3M : ORDINARY FULLY PAID	58,430,761
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
M3MAH : OPTION EXPIRING 19-DEC-2025 EX $0.189	3,000,000
M3MAD : OPTION EXPIRING 30-JUN-2024 EX $0.25	7,800,000
M3MAF : PERFORMANCE RIGHTS	3,000,000
M3MAG : OPTION EXPIRING 19-DEC-2025 EX $0.189	4,000,000
New class - code to be confirmed : 2024 Performance Rights	5,750,000

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? 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

23/4/2024

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