ORBMINCO LIMITED — Capital/Financing Update 2023

Aug 20, 2023

21 August 2023

ASX ANNOUNCEMENT

Issue of Options

Woomera Mining Limited (ASX:WML) ( Woomera or the Company ) advises that the Board has resolved to issue 2,000,000 unlisted Options to two employees under the Company’s Employee Incentive Plan.

The Board has also resolved to issue a further 1,000,000 unlisted Options to the Company Secretary on the same terms, subject to the receipt of shareholder approval at the Company’s upcoming Annual General Meeting.

The issue of the Options is to provide long term incentives to employees to align their interests with those of shareholders.

The unlisted Options have the following terms and conditions:

Class of Securities:	Unlisted Options
Number of Securities:	2,000,000 Unlisted Options (with a further1,000,000 Unlisted Options to be issued subject toshareholder approval)
Consideration:	$0.0001 per Option
Principle terms:	The Options are issued under the terms andconditions of the Company’s Employee IncentiveScheme
Exercise Price:	$0.04 per Option
Exercise Condition:	The Eligible Participant is an employee orcontractor of the Company or its related body atthe time of exercise
Expiry Date:	21 August 2026

This ASX announcement has been approved by the Board of Woomera Mining Ltd and authorised for release by:

Jonathan W. Lindh Company Secretary Woomera Mining Limited +61 8 8232 6201

1