Nova Minerals Ltd — Share Issue/Capital Change 2025

Dec 23, 2025

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Announcement Summary

Entity name

NOVA MINERALS LIMITED

Date of this announcement

Wednesday December 24, 2025

The +securities the subject of this notification are:

+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

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	Unquoted ESOP Options	18,000,000	24/12/2025
to be confirmed

Refer to next page for full details of the announcement

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Appendix 3G - 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

NOVA MINERALS LIMITED

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type Registration number ACN 006690348

1.3 ASX issuer code

NVA

1.4 The announcement is

New announcement

1.5 Date of this announcement

24/12/2025

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

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

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)

ASX +security code +Security description New class - code to be confirmed Unquoted ESOP Options ISIN code

+Security type Options

Date the +securities the subject of this notification were issued

24/12/2025

Will all the +securities issued in this class rank equally in all respects from their issue date? Yes

Were any of the +securities 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
Chris Gerteisen	CHRISTOPHER GERTEISEN	4,125,000
Louie Simens	KIKCETO PTY LTD DISCRETIONARY A/C>	3,125,000
Richard Beazley	JANINE LOUISE BEAZLEY	1,250,000
Craig Bentley	Kerse Pty Ltd A/C>	3,125,000
Avi Geller	LEONITE LLC	1,375,000

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.

Refer Notice of Meeting - https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=0299764 0 (Annexure C)

Options Details

+Security currency AUD - Australian Dollar

Exercise price AUD 0.45000000

Expiry date 23/12/2028

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Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

NVA : ORDINARY FULLY PAID

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms Refer Notice of Meeting - https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=0299764 0 (Annexure B)

Any other information the entity wishes to provide about the +securities the subject of this notification Class A - Class D - Unquoted ESOP Options subject to Vesting Conditions (Resolution 8A-8E) - Refer Notice of Meeting - https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=02997640

Issue details

Number of +securities

18,000,000

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this notification, the +securities 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 issued and quoted on ASX)

	Total number of
ASX +security code and description	+securities on issue
NVA : ORDINARY FULLY PAID	451,028,203
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
NVAAM : PERFORMANCE RIGHTS	2,400,000
NVAAV : WARRANTS	10,597,560
New class - code to be confirmed : Unquoted ESOP Options	18,000,000

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? No

5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? Yes

5.2a Date of meeting or proposed meeting to approve the issue under listing rule 7.1

10/11/2025

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