METRO MINING LIMITED — Share Issue/Capital Change 2026

May 14, 2026

Appendix 2A - Application for quotation of securities

Announcement Summary

Entity name
METRO MINING LIMITED

Announcement Type
New announcement

Date of this announcement
Friday May 15, 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 code	Security description	Number of +securities to be quoted	Issue date
MMI	ORDINARY FULLY PAID	175,637	11/05/2026

Refer to next page for full details of the announcement

Appendix 2A - Application for quotation of securities

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Appendix 2A - Application for quotation of securities

Part 1 - Entity and announcement details

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
15/5/2026

Appendix 2A - Application for quotation of securities

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Appendix 2A - Application for quotation of securities

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

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
175,637

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
Yes

Provide details of the KMP or +associates being issued +securities

Name of KMP	Name of registered holder	Number of +securities
Douglas Ritchie	Same	175,637

Issue date
11/5/2026

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

Appendix 2A - Application for quotation of securities

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Appendix 2A - Application for quotation of securities

Issue details

Number of +securities to be quoted
175,637

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
1.410000

Any other information the entity wishes to provide about the +securities to be quoted
The securities are being issued to Mr Ritchie in lieu of payment of director fees.

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Appendix 2A - Application for quotation of securities

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)

ASX +security code and description	Total number of +securities on issue
MMI : ORDINARY FULLY PAID	307,626,984

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

ASX +security code and description	Total number of +securities on issue
MMIAO : PERFORMANCE RIGHTS	11,752,117
MMIAP : SUBSCRIPTION WARRANTS	592,380,528

Appendix 2A - Application for quotation of securities

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Appendix 2A - Application for quotation of securities

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
14

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