ORE RESOURCES LIMITED — Capital/Financing Update 2023

Sep 20, 2023

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21 September 2023

ASX ANNOUNCEMENT

COMPLETION OF TRANCHE 1 PLACEMENT AND CLEANSING NOTICE

Future Battery Minerals Limited (ASX: FBM) ( FBM or the Company ) confirms that it has completed the first tranche of the $7.6 million capital raising previously announced on 15 September 2023. The first tranche consisted of raising $5.2 million via the Placement of 51,950,424 fully paid ordinary shares in the Company ( Shares ) at $0.10 per Share to new and existing institutional and sophisticated investors.

The Shares were issued using the Company’s existing placement capacity available under ASX Listing Rule 7.1 and 7.1A.

The Company also confirms that it has issued 2,605,000 fully paid ordinary shares on the conversion of 2,605,000 performance rights.

Completion of the balance of the capital raising is subject to shareholder approval at an Annual General Meeting of Shareholders around mid-November and a Notice of Meeting will be despatched shortly.

Please refer to the accompanying Appendix 2A which contains further details.

Notice pursuant to Section 708A(5)(e) of the Corporations Act 2001 (Cth)

The Company gives notice pursuant to section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Corporation Act ) that:

1. On 21 September 2023, the Company issued 51,950,424 in respect of a Placement;

2. On 21 September 2023, the Company also issued 2,605,000 fully paid ordinary shares on the conversion of 2,605,000 performance rights;

3. The Company issued those shares without disclosure to investors under Part 6D.2 of the Corporations Act;

4. the Company is providing this notice under section 708A(5)(e) of the Corporations Act;

5. as at the date of this notice, the Company has complied with:

6. a) the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

7. b) section 674 and 674A of the Corporations Act; and

8. as at the date of this notice, there is no information which is 'excluded information' within the meaning of section 708A(7) and 708A(8) of the Corporations Act which is required to be disclosed by the Company.

This announcement has been authorised for release by the Board of Directors of the Company.

-END-

For further information visit www.futurebatteryminerals.com or contact:

Mike Edwards Executive Chairman E : mike.edwards@futurebatteryminerals.com

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ASX: FBM

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info@futurebatteryminerals.com.au +61 8 6383 7817 futurebatteryminerals.com.au

Future Battery Minerals Ltd Suite 10, 38 Colin St, West Perth WA 6005 ABN 91 148 966 545

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