MINERAL RESOURCES LIMITED — Capital/Financing Update 2023

Mar 14, 2023

Application for quotation of +securities

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Announcement Summary

Entity name

MINERAL RESOURCES LIMITED

Announcement Type

New announcement

Date of this announcement

Wednesday March 15, 2023

The +securities to be quoted are:

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+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
MIN	ORDINARY FULLY PAID	23,819	15/03/2023

Refer to next page for full details of the announcement

Application for quotation of +securities

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Application for quotation of +securities

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Part 1 - Entity and announcement details

1.1 Name of entity

MINERAL RESOURCES 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

ACN

Registration number 118549910

1.3 ASX issuer code

MIN

1.4 The announcement is

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New announcement

1.5 Date of this announcement

15/3/2023

Application for quotation of +securities

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Application for quotation of +securities

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Part 2 - Type of Issue

2.1 The +securities to be quoted are:

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+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Previous Appendix 3B details:

Announcement Date and Announcement Title Selected Appendix 3B to submit quotation Time request 27-Jan-2023 13:49 Update - Update - Proposed issue of A placement or other type of issue securities - MIN

2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B?

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Yes

2.3a.3 Please provide details of the further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B

This issue represents the scrip consideration for acceptances received under MinRes' bid for Norwest Energy NL shares under the Bidder's Statement dated 16 December 2022 (as varied and supplemented from time to time) for the period from 6 March 2023 to 8 March 2023. Future issues will take place as payment of scrip consideration for any further acceptances under the bid.

Application for quotation of +securities

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Application for quotation of +securities

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Part 3A - number and type of +securities to be quoted where issue has previously been notified to ASX in an Appendix 3B

Placement Details

ASX +security code and description MIN : ORDINARY FULLY PAID

Issue date

15/3/2023

Distribution Schedule

Provide a distribution schedule for the new +securities according to the categories set out in the left hand column - including the number of recipients and the total percentage of the new +securities held by the recipients in each category.

		Total percentage of +securities held
Number of +securities held	Number of holders	For example, to enter a value of 50%
		please input as 50.00
1 - 1,000		%
1,001 - 5,000		%
5,001 - 10,000		%
10,001 - 100,000		%
100,001 and over		%

Application for quotation of +securities

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Application for quotation of +securities

Issue details

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Number of +securities to be quoted

23,819

Are the +securities being issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Shares issued as consideration for NWE shares by MIN under the takeover bid. One MinRes Share for every 1,300 NWE Shares (fractional entitlements rounded down to the nearest whole number).

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

79.830000

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

Norwest Energy Shareholders who accept are entitled to receive one (1) MinRes (ASX:MIN) share for every 1,300 Norwest shares (fractional entitlements rounded down to the nearest whole number). The implied value of $79.83 per share is based on the last closing price of MinRes¿ shares on 14/03/2023, being the last trading day before release of this Appendix 2A

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Application for quotation of +securities

Part 4 - Issued capital following quotation

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

Total number of ASX +security code and description +securities on issue MIN : ORDINARY FULLY PAID 192,635,016

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

Application for quotation of +securities

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