MAGNETITE MINES LIMITED. — Share Issue/Capital Change 2026

Apr 1, 2026

Appendix 2A - Application for quotation of securities

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Announcement Summary

Entity name

MAGNETITE MINES LIMITED.

Announcement Type

New announcement

Date of this announcement

Thursday April 02, 2026

The +securities to be quoted are:

+Securities issued under an +employee incentive scheme that are not subject to a restriction on transfer or that are to be quoted notwithstanding there is a restriction on transfer

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
MGT	ORDINARY FULLY PAID	677,083	02/04/2026

Refer to next page for full details of the announcement

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Appendix 2A - Application for quotation of securities

Part 1 - Entity and announcement details

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1.1 Name of entity

MAGNETITE MINES LIMITED.

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1.2 Registered number type

Registration number

ABN 34108102432

1.3 ASX issuer code

MGT

1.4 The announcement is

New announcement

1.5 Date of this announcement

2/4/2026

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Appendix 2A - Application for quotation of securities

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Part 2 - Type of Issue

2.1 The +securities to be quoted are:

+Securities issued under an +employee incentive scheme that are not subject to a restriction on transfer or that are to be quoted notwithstanding there is a restriction on transfer

2.2 The +class of +securities to be quoted is:

Additional +securities in a class that is already quoted on ASX ("existing class")

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Appendix 2A - Application for quotation of securities

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Part 3B - number and type of +securities to be quoted (existing class) where issue has not previously been notified to ASX in an Appendix 3B

Additional +securities to be quoted in an existing class issued under an +employee incentive scheme FROM (Existing Class) ASX +security code and description No security currently exists

FROM (Existing Class) +Security description

N/A

TO (Existing Class) ASX +security code and description MGT : ORDINARY FULLY PAID

Please state the number of +securities issued under the +employee incentive scheme that are not subject to a restriction on transfer or that are to be quoted notwithstanding there is a restriction on transfer 677,083

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

The terms of the Employee Incentive Plan (EIP) and Director Share issuance are are detailed in the Notice of Annual - General Meeting dated 28 October 2025 https://api.investi.com.au/api/announcements/mgt/d5d67afe efd.pdf

Are any of these +securities being 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
Simon Charles Wandke	Simon Charles Wandke	208,333
Paul White	White Consulting Pty Ltd ATF The White Family Trust	468,750

Issue date

2/4/2026

Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class? Yes

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Appendix 2A - Application for quotation of securities

Issue details

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Number of +securities to be quoted

677,083

Are the +securities being issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

The shares are issued to directors or their associates under the Company's EIP in lieu of a portion of fees payable to Mr. White and Mr. Wandke for the period 1 Jan - 31 Mar 2026, totaling $32,500.

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted

0.048000

Any other information the entity wishes to provide about the +securities to be quoted

The issuance of these shares relates to Mr. Paul White and Mr. Simon Wandke, both KMPs of the Company. These shares are being issued in lieu of a portion of directors' fees, following shareholder approval at the AGM held on 26 November 2025.

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Appendix 2A - Application for quotation of securities

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Part 4 - Issued capital following quotation

Following the quotation of the +securities the subject of this application, the issued capital 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 quoted on ASX following the +quotation of the +securities subject of this application)

+securities subject of this application)
	Total number of
ASX +security code and description	+securities on issue
MGT : ORDINARY FULLY PAID	225,530,501
MGTOA : OPTION EXPIRING 02-OCT-2027	16,639,408
MGTOF : OPTION EXPIRING 05-MAR-2028	63,398,569
MGTOG : OPTION EXPIRING 01-OCT-2028	29,970,593

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
MGTAT : OPTION EXPIRING 19-MAY-2028 EX $0.1301	2,881,548
MGTAV : PERFORMANCE RIGHTS	10,208,523
MGTAW : OPTION EXPIRING 05-DEC-2031 EX $0.0905	13,380,648
MGTAJ : OPTION EXPIRING 07-MAR-2028 EX $0.1542	8,106,355
MGTAH : OPTION EXPIRING 06-DEC-2030 EX $0.229	5,227,160
MGTAF : OPTION EXPIRING 05-DEC-2029 EX $0.556	1,064,736
MGTAQ : OPTION EXPIRING 05-DEC-2029 EX $0.556	913,977
MGTAU : OPTION EXPIRING 30-JUN-2028 EX $0.1212	1,200,495
MGTAI : CONVERTIBLE NOTES	2,714,280

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Appendix 2A - Application for quotation of securities

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Part 5 - Other Listing Rule requirements

5.1 Are the +securities being issued under an exception in Listing Rule 7.2 and therefore the issue does 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

26/11/2025

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