ORE RESOURCES LIMITED — Capital/Financing Update 2021

Dec 12, 2021

Application for quotation of +securities

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Announcement Summary

Entity name

AUROCH MINERALS LTD

Announcement Type

New announcement

Date of this announcement

Monday December 13, 2021

The +securities to be quoted are:

+Securities issued under an +employee incentive scheme that are not subject to a restriction on transfer or that are to be quoted notwithstanding there is a restriction on transfer

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
AOU	ORDINARY FULLY PAID	400,000	10/12/2021

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

AUROCH MINERALS LTD

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

ABN

Registration number 91148966545

1.3 ASX issuer code

AOU

1.4 The announcement is

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New announcement

1.5 Date of this announcement

13/12/2021

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:

+Securities issued under an +employee incentive scheme that are not subject to a restriction on transfer or that are to be quoted notwithstanding there is a restriction on transfer

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 issued under an +employee incentive scheme

FROM (Existing Class) ASX +security code and description AOUAW : CLASS A PERFORMANCE RIGHTS

TO (Existing Class) ASX +security code and description

AOU : ORDINARY FULLY PAID

Please state the number of +securities issued under the +employee incentive scheme that are not subject to a restriction on transfer or that are to be quoted notwithstanding there is a restriction on transfer 400,000

Please provide details of a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms

• https://www.investi.com.au/api/announcements/aou/673a4c5b b06.pdf

Are any of these +securities being 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
Mike Edwards	Shadwick Nominees Pty ltd	400,000

Issue date

10/12/2021

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

Issue details

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Number of +securities to be quoted

400,000

Are the +securities being issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Conversion of Class A Performance Rights

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

44,000.000000

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

Application for quotation of +securities

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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 +securities subject of this application)

	Total number of
ASX +security code and description	+securities on issue
AOU : ORDINARY FULLY PAID	353,779,877

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
AOUAT : OPTION EXPIRING 30-NOV-2021 EX 10C	7,271,922
AOUAAD : OPTION EXPIRING 10-AUG-2026 EX $0.50	900,000
AOUAAE : CLASS E PERFORMANCE RIGHTS	400,000
AOUAAF : CLASS F PERFORMANCE RIGHTS	400,000
AOUAAG : CLASS G PERFORMANCE RIGHTS	750,000
AOUAAH : CLASS H PERFORMANCE RIGHTS	750,000
AOUAAI : CLASS I PERFORMANCE RIGHTS	750,000
AOUAAC : OPTION EXPIRING 15-OCT-2023 EX $0.12	2,000,000
AOUAU : OPTION EXPIRING 03-SEP-2023 EX 16C	3,250,000
AOUAX : CLASS B PERFORMANCE RIGHTS	2,425,000
AOUAW : CLASS A PERFORMANCE RIGHTS	1,405,000
AOUAV : OPTION EXPIRING 03-SEP-2023 EX 20C	3,500,000
AOUAY : CLASS A PERFORMANCE SHARE	6,200,000

Application for quotation of +securities

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Application for quotation of +securities

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Application for quotation of +securities
AOUAZ : CLASS B PERFORMANCE SHARE	2,300,000
AOUAAA : CLASS C PERFORMANCE SHARE	2,300,000
AOUAAB : CLASS D PERFORMANCE SHARE	1,000,000
AOUAQ : PERFORMANCE RIGHTS	1,250,000

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Application for quotation of +securities

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Part 5 - Other Listing Rule requirements

5.1 Are the +securities being issued under an exception in Listing Rule 7.2 and therefore the issue does 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? No

5.2b Are any of the +securities being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? No

5.2c Are any of the +securities being issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? N/A

Application for quotation of +securities

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