METRO MINING LIMITED — Share Issue/Capital Change 2025

Apr 21, 2025

Appendix 2A - Application for quotation of securities

==> picture [21 x 22] intentionally omitted <==

Announcement Summary

Entity name

METRO MINING LIMITED

Announcement Type

New announcement

Date of this announcement

Tuesday April 22, 2025

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
MMI	ORDINARY FULLY PAID	1,133,333	11/04/2025

Refer to next page for full details of the announcement

Appendix 2A - Application for quotation of securities

1 / 7

Appendix 2A - Application for quotation of securities

Part 1 - Entity and announcement details

==> picture [21 x 22] intentionally omitted <==

1.1 Name of entity

METRO MINING 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 45117763443

1.3 ASX issuer code

MMI

1.4 The announcement is

New announcement

1.5 Date of this announcement

22/4/2025

Appendix 2A - Application for quotation of securities

2 / 7

Appendix 2A - Application for quotation of securities

==> picture [21 x 22] intentionally omitted <==

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")

Appendix 2A - Application for quotation of securities

3 / 7

Appendix 2A - Application for quotation of securities

==> picture [21 x 22] intentionally omitted <==

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 MMIAO : PERFORMANCE RIGHTS

TO (Existing Class) ASX +security code and description MMI : 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 1,133,333

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 https://metromining.com.au/wp-content/uploads/2023/08/Employee-Incentive-Plan-2020.pdf

Are any of these +securities being issued to +key management personnel (KMP) or an +associate No

Issue date

11/4/2025

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

Appendix 2A - Application for quotation of securities

4 / 7

Appendix 2A - Application for quotation of securities

Issue details

==> picture [21 x 22] intentionally omitted <==

Number of +securities to be quoted

1,133,333

Are the +securities being issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

Nil.

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

0.049000

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

The conversion from performance rights into shares by the Participant was in accordance with the Employee Incentive Plan with the performance rights being Vested Securities capable of being exercised and converted.

Appendix 2A - Application for quotation of securities

5 / 7

Appendix 2A - Application for quotation of securities

==> picture [21 x 22] intentionally omitted <==

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
MMI : ORDINARY FULLY PAID	6,091,877,907
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
MMIAO : PERFORMANCE RIGHTS	205,126,506
MMIAP : SUBSCRIPTION WARRANTS	592,380,528

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

Appendix 2A - Application for quotation of securities

6 / 7

Appendix 2A - Application for quotation of securities

==> picture [21 x 22] intentionally omitted <==

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? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

13

Appendix 2A - Application for quotation of securities

7 / 7