MT MALCOLM MINES NL — Capital/Financing Update 2022

Feb 16, 2022

Application for quotation of +securities

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Announcement Summary

Entity name

MT MALCOLM MINES NL

Announcement Type

New announcement

Date of this announcement

Thursday February 17, 2022

The +securities to be quoted are:

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+Restricted securities where the escrow period has expired or is about to expire

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
M2M	ORDINARY FULLY PAID	4,975,000	08/09/2021

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

MT MALCOLM MINES NL

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 646466435

1.3 ASX issuer code

M2M

1.4 The announcement is

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New announcement

1.5 Date of this announcement

17/2/2022

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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+Restricted securities where the escrow period has expired or is about to expire

2.2 The +securities to be quoted are:

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Additional +securities in a class that is already quoted on ASX ("existing class")

Application for quotation of +securities

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Application for quotation of +securities

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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 as a result of escrow expiring on an existing class

FROM (Existing Class) ASX +security code and description M2MAB : ORDINARY FULLY PAID RESTRICTED

TO (Existing Class) ASX +security code and description M2M : ORDINARY FULLY PAID

Please state the number of +restricted securities where the escrow period And the date the escrow restrictions has expired or is about to expire have ceased or will cease 4,850,000 24/2/2022

Issue date

8/9/2021

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

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Yes

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

4,850,000

Are the +securities being issued for a cash consideration?

Yes In what currency is the cash consideration being paid? What is the issue price per +security? AUD - Australian Dollar AUD 0.20000000 Any other information the entity wishes to provide about the +securities to be quoted

4,850,000 Shares held in escrow up till 24 February 2022 were pre-IPO shares as noted in the Company's Prospectus dated 2 August 2021, lodged with the ASX on 8 September 2021.

Additional +securities to be quoted in an existing class as a result of escrow expiring on an existing class

FROM (Existing Class) ASX +security code and description M2MAC : ORDINARY FULLY PAID RESTRICTED

TO (Existing Class) ASX +security code and description M2M : ORDINARY FULLY PAID

Please state the number of +restricted securities where the escrow period has expired or is about to expire 125,000

And the date the escrow restrictions have ceased or will cease 25/2/2022

Issue date

8/9/2021

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

Application for quotation of +securities

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Application for quotation of +securities

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Issue details

Number of +securities to be quoted

125,000

Are the +securities being issued for a cash consideration?

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Yes

In what currency is the cash consideration being paid? What is the issue price per +security?

AUD - Australian Dollar AUD 0.20000000

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

125,000 Shares held in escrow up till 25 February 2022 were pre-IPO shares as noted in the Company's Prospectus dated 2 August 2021, lodged with the ASX on 8 September 2021.

Application for quotation of +securities

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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	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
M2M : ORDINARY FULLY PAID	57,701,001
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
M2MAB : ORDINARY FULLY PAID RESTRICTED	0
M2MAC : ORDINARY FULLY PAID RESTRICTED	0
M2MAD : ORDINARY FULLY PAID RESTRICTED	3,575,000
M2MAE : ORDINARY FULLY PAID RESTRICTED	22,576,000
M2MAF : OPTION EXPIRING 08-SEP-2024 RESTRICTED	2,515,560
M2MAG : OPTION EXPIRING 08-SEP-2025 RESTRICTED	6,000,000

Application for quotation of +securities

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