METEORIC RESOURCES NL — Share Issue/Capital Change 2023

Apr 10, 2023

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

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Announcement Summary

Entity name

METEORIC RESOURCES NL

Date of this announcement

Tuesday April 11, 2023

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	Class A Performance Shares Expiring 2 April 2024	25,000,000	11/04/2023
to be confirmed
New class - code	Class B Performance Shares Expiring 2 April 2025	25,000,000	11/04/2023
to be confirmed
New class - code	Class C Performance Shares Expiring 2 April 2026	25,000,000	11/04/2023
to be confirmed
New class - code	Class D Performance Shares Expiring 2 April 2027	25,000,000	11/04/2023
to be confirmed

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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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

METEORIC RESOURCES NL

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

1.2 Registered number type

ABN

Registration number

64107985651

1.3 ASX issuer code

MEI

1.4 The announcement is

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New announcement

1.5 Date of this announcement

11/4/2023

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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:

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Other

Please specify

Securities detailed in Appendix 3B dated 13 March 2023 (Performance Shares)

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")

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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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

New +securities
ASX +security code New class - code to be confirmed +Security description Class A Performance Shares Expiring 2 April 2024
+Security type ISIN code
Other
Date the +securities the subject of this notification were issued
11/4/2023
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://www.asx.com.au/asxpdf/20230313/pdf/45ml7yjllh9hkd.pdf
Any other information the entity wishes to provide about the +securities the subject of this notification

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 Securities detailed in Appendix 3B dated 13 March 2023 https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02642656

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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

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Issue details

Number of +securities

25,000,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Pursuant to the terms of the Definitive Acquisition Agreement to acquire the Caldeira Project

Purpose of the issue

To pay for the acquisition of an asset

Additional Details

Name of company or asset being acquired

Caldeira Project, Brazil

New +securities

ASX +security code +Security description New class - code to be confirmed Class B Performance Shares Expiring 2 April 2025

+Security type

ISIN code

Other

Date the +securities the subject of this notification were issued

11/4/2023

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://www.asx.com.au/asxpdf/20230313/pdf/45ml7yjllh9hkd.pdf

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

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

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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

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the market in an Appendix 3B

Securities detailed in Appendix 3B dated 13 March 2023 https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02642656

Issue details

Number of +securities

25,000,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Pursuant to the terms of the Definitive Acquisition Agreement to acquire the Caldeira Project

Purpose of the issue

To pay for the acquisition of an asset

Additional Details

Name of company or asset being acquired

Caldeira Project, Brazil

New +securities

ASX +security code

+Security description

New class - code to be confirmed Class C Performance Shares Expiring 2 April 2026

+Security type

ISIN code

Other

Date the +securities the subject of this notification were issued

11/4/2023

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

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Yes

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

https://www.asx.com.au/asxpdf/20230313/pdf/45ml7yjllh9hkd.pdf

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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

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

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

Securities detailed in Appendix 3B dated 13 March 2023 https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02642656

Issue details

Number of +securities

25,000,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Pursuant to the terms of the Definitive Acquisition Agreement to acquire the Caldeira Project

Purpose of the issue

To pay for the acquisition of an asset

Additional Details

Name of company or asset being acquired

Caldeira Project, Brazil

New +securities

ASX +security code +Security description

New class - code to be confirmed Class D Performance Shares Expiring 2 April 2027

+Security type ISIN code

Other

Date the +securities the subject of this notification were issued

11/4/2023

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

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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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 setting out the material terms of the +securities being issued.

https://www.asx.com.au/asxpdf/20230313/pdf/45ml7yjllh9hkd.pdf

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

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

Securities detailed in Appendix 3B dated 13 March 2023 https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02642656

Issue details

Number of +securities

25,000,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Pursuant to the terms of the Definitive Acquisition Agreement to acquire the Caldeira Project

Purpose of the issue

To pay for the acquisition of an asset

Additional Details

Name of company or asset being acquired

Caldeira Project, Brazil

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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 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
MEI : ORDINARY FULLY PAID	1,531,574,084
MEIO : OPTION EXPIRING 28-MAY-2023	101,823,536

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
MEIAB : PERFORMANCE RIGHTS	95,000,000
MEIAW : OPTION EXPIRING 21-DEC-2023 EX $0.10	50,188,596
New class - code to be confirmed : Class A Performance Shares Expiring 2 April 2024	25,000,000
New class - code to be confirmed : Class B Performance Shares Expiring 2 April 2025	25,000,000
New class - code to be confirmed : Class C Performance Shares Expiring 2 April 2026	25,000,000
New class - code to be confirmed : Class D Performance Shares Expiring 2 April 2027	25,000,000

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

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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? No

5.2b Are any of the +securities being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? Yes

5.2b.1 How many +securities are being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1?

100,000,000

5.2c Are any of the +securities being issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? No

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