M3 MINING LIMITED — Share Issue/Capital Change 2026

Jan 22, 2026

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

Friday January 23, 2026

The +securities the subject of this notification are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and 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 (exercisable at $0.06 and	20,000,000	23/01/2026
to be confirmed	expiring 23 January 2028)

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

23/1/2026

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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:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Previous Appendix 3B details:

Announcement Date and	Announcement Title	Selected Appendix 3B to submit quotation
Time		request
08-Sep-2025 09:18	New - Proposed issue of securities -	A placement or other type of issue
	M3M

2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B?

No

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

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Part 3A - number and type of +securities the subject of this notification (existing class or new class) where issue has previously been notified to ASX in an Appendix 3B

Placement Details

ASX +security code and description new unquoted class of security Date the +securities the subject of this notification were issued 23/1/2026 Any other information the entity wishes to provide about the +securities the subject of this notification Unlisted Options (exercisable at $0.06 and expiring 23 January 2028) as approved at the General Meeting held on 27 October 2025

Issue details

Number of +securities 20,000,000 Were the +securities issued for a cash consideration? Yes In what currency was the cash consideration being What was the issue price per +security? paid? AUD - Australian Dollar AUD 0.00010000

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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)

ASX +security code		+Security description
New class - code to be confirmed		Unlisted Options (exercisable at $0.06 and expiring 23January 2028)
+Security type		ISIN code
Options
Date the +securities the subject of this notification were		issued
23/1/2026
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.https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02998665-6A1286064&v=undefined
Options Details
+Security currency	Exercise price	Expiry date
AUD - Australian Dollar	AUD 0.06000000	23/1/2028
Details of the existing class of +security that will be issued upon exercise or conversion of this new class of
company option
M3M : ORDINARY FULLY PAID

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

Issue details

Number of +securities

20,000,000

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Appendix 3G - 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 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	208,805,374

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
M3MAK : OPTION EXPIRING 25-NOV-2027 EX $0.06	9,000,000
M3MAI : 2024 PERFORMANCE RIGHTS	6,250,000
M3MAH : OPTION EXPIRING 19-DEC-2025 EX $0.189	3,000,000
M3MAG : OPTION EXPIRING 19-DEC-2025 EX $0.189	4,000,000
New class - code to be confirmed : Unlisted Options (exercisable at $0.06 and expiring 23	20,000,000
January 2028)

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