MGX RESOURCES LIMITED — Transaction in Own Shares 2025

Mar 3, 2025

Appendix 3C - Notification of buy-back

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

Announcement Summary

Name of entity

MOUNT GIBSON IRON LIMITED

Announcement type

Update announcement

Type of update Daily buy-back notification Date of this announcement

4/3/2025

Reason for update

Daily buy-back notification

ASX Security code and description of the class of +securities the subject of the buy-back MGX : ORDINARY FULLY PAID

The type of buy-back is: On market buy-back Total number of +securities bought back before previous day

20,234,622

Total number of +securities bought back on previous day 363,149

Refer to next page for full details of the announcement

Appendix 3C - Notification of buy-back

1 / 6

Appendix 3C - Notification of buy-back

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

Part 1 - Entity and announcement details

1.1 Name of entity

MOUNT GIBSON IRON LIMITED

1.1 Name of entity MOUNT GIBSON IRON LIMITED	1.1 Name of entity MOUNT GIBSON IRON LIMITED
We (the entity named above) provide the following information about our buy-back.
1.2 Registration number type	Registration number
ABN	87008670817
1.3 ASX issuer code
MGX
1.4 The announcement is
Update/amendment to previous announcement
1.4a Type of update
Daily buy-back notification
1.4b Reason for update Daily buy-back notification
1.4c Date of initial notification of buy-back
21/8/2024
1.4d Date of previous announcement to this update
3/3/2025
1.5 Date of this announcement
4/3/2025
1.6 ASX Security code and description of the class of +securities the subject of the buy-back
MGX : ORDINARY FULLY PAID

Appendix 3C - Notification of buy-back

2 / 6

Appendix 3C - Notification of buy-back

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

Part 2 - Type of buy-back

2.1 The type of buy-back is: On market buy-back

Appendix 3C - Notification of buy-back

3 / 6

Appendix 3C - Notification of buy-back

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

Part 3 - Buy-back details

Part 3A - Details of +securities, price and reason

3A.1 Total number of +securities on issue in the class of +securities to be bought back 1,218,355,533 3A.4 Does the entity intend to buy back a minimum number of +securities No

3A.5 Does the entity intend to buy back a maximum number of securities No

3A.6 Name of broker or brokers who will offer to buy back +securities on the entity's behalf

Broker name:

Euroz Hartleys Limited

3A.9 Are the +securities being bought back for a cash consideration? Yes 3A.9a Is the price to be paid for +securities bought back known? No 3A.9a.1 In what currency will the buy-back consideration be paid?

AUD - Australian Dollar

Part 3B - Buy-back restrictions and conditions

3B.1 Does the buy-back require security holder approval? No

Appendix 3C - Notification of buy-back

4 / 6

Appendix 3C - Notification of buy-back

Part 3C - Key dates

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

On-market buy-back 3C.2 Proposed buy-back start date 16/9/2024 3C.3 Proposed buy-back end date 15/9/2025

Part 3D - Other Information 3D.1 Any other information the entity wishes to notify to ASX about the buy-back

Appendix 3C - Notification of buy-back

5 / 6

Appendix 3C - Notification of buy-back

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

Part 4 - Daily buy-back notification

A daily buy-back notification must be submitted for Employee share scheme, On-market, Equal access share scheme and Other buy-backs at least half an hour before the commencement of trading on the +business day after any day on which +securities are bought back (per listing rule 3.8A)

Please verify if the pre-populated values are accurate as they are only indicative based on previous online submissions. The pre-populated values may not be accurate if previous online submissions are still in-flight or in case of announcements made via a MS Word form.

Whilst you may over-ride a pre-populated value, once over-ridden it will not be possible to retrieve the previously pre-populated value.

4.1 Date of this notification

4/3/2025

4.2 Previous day on which +securities were bought back

3/3/2025
	Before previous day	On previous day
4.3 Total number of +securities bought back, or in relation to which acceptances have been received	20,234,622	363,149
4.4 Total consideration paid or payable for the +securities	AUD 6,343,530.38000	AUD 111,405.43000
4.5 Highest price paid	AUD 0.33000000	AUD 0.30500000
	Date highest price was paid:
	18/10/2024
4.6 Lowest price paid	AUD 0.29500000	AUD 0.30000000
	Date lowest price was paid:
	20/2/2025

4.7 Highest price allowed to be paid by entity on the previous day under listing rule 7.33:

AUD 0.32420000

4.8 If the entity has disclosed an intention to buy back a maximum number of +securities, the remaining number of +securities to be bought back as at the end of the previous day

Appendix 3C - Notification of buy-back

6 / 6