MT MALCOLM MINES NL — Capital/Financing Update 2022

Feb 8, 2022

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Announcement Summary

Entity name

MT MALCOLM MINES NL

Date of this announcement

Wednesday February 09, 2022

The +securities the subject of this notification are: Other

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
New class - code	1,000,000 unquoted fully paid ordinary shares,	1,000,000	31/01/2022
to be confirmed	restricted up till 10 September 2022

Refer to next page for full details of the announcement

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Notification of Issue, Conversion or Payment up of Unquoted Equity 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) give notice of the issue, conversion or payment up of the following unquoted +securities.

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

9/2/2022

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

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Other

Please specify

1,000,000 unquoted fully paid ordinary shares, restricted up till 10 September 2022.

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

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does not have an existing ASX security code ("new class")

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Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B

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New +securities
ASX +security code +Security description
New class - code to be confirmed 1,000,000 unquoted fully paid ordinary shares, restricted up
till 10 September 2022
+Security type ISIN code
Ordinary fully or partly paid shares/units
Date the +securities the subject of this notification were issued
31/1/2022
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under
listing rule 6.1?
No
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued.
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02419170-6A1049408?access_token=8
3ff96335c2d45a094df02a206a39ff4
Refer to section 9.2 on page 76 of the Company's Prospectus dated 2 August 2021, lodged with the ASX on 8 September
2021 for the full material terms and conditions.
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Ordinary fully or partly paid shares/units Details

+Security currency AUD - Australian Dollar

Are there CDIs issued over the +securities? No

Is it a Partly Paid class of +security? No

Is it a stapled class of +security? No

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Any other information the entity wishes to provide about the +securities the subject of this notification

The Company issued the Shares under a Tenement Acquisition Agreement (Agreement) dated 31 May 2021 with Magnetic Resources NL, in which the Company agreed to issue 1,000,000 shares upon the renewal of certain prospecting licences. This has now occurred. The issue of these shares was stated in the Company's Prospectus lodged with the ASX on 8 September 2021. Section 9.2 of the Prospectus contains a summary of the material terms of the Agreement.

Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

The shares are unquoted and restricted up till 10 September 2022.

Issue details

Number of +securities

1,000,000

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

The Company issued the Shares under a Tenement Acquisition Agreement (Agreement) dated 31 May 2021 with Magnetic Resources NL. See Prospectus dated 2/8/2021 lodged with the ASX on 8/9/2021.

Purpose of the issue

Other

Additional Details

1,000,000 unquoted fully paid shares restricted up till 10 September 2022

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities 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)

	Total number of
ASX +security code and description	+securities on issue
M2M : ORDINARY FULLY PAID	52,726,001
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	4,850,000
M2MAC : ORDINARY FULLY PAID RESTRICTED	125,000
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
New class - code to be confirmed : 1,000,000 unquoted fully paid ordinary shares, restricted	1,000,000
up till 10 September 2022

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

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Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did 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

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