ORE RESOURCES LIMITED — Share Issue/Capital Change 2023

Aug 10, 2023

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

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Announcement Summary

Entity name

FUTURE BATTERY MINERALS LIMITED

Date of this announcement

Friday August 11, 2023

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	Performance Rights	27,505,429	11/08/2023
to be confirmed

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

FUTURE BATTERY 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

ABN

Registration number

91148966545

1.3 ASX issuer code

FBM

1.4 The announcement is

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New announcement

1.5 Date of this announcement

11/8/2023

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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:

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Other

Please specify

Issue of Performance Rights previously disclosed in Appendix 3B on 7 August 2023

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

New +securities ASX +security code +Security description New class - code to be confirmed Performance Rights +Security type ISIN code Other Date the +securities the subject of this notification were issued 11/8/2023

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

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/2924-02694761-6A1162178?access_token=8 3ff96335c2d45a094df02a206a39ff4

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

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

Issue of Performance Rights as previously disclosed in the ASX announcement dated 7 August 2023 "FBM Acquires Remaining Interest in Kangaroo Hills" and Appendix 3B dated 7 August 2023.

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

Issue details

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Number of +securities

27,505,429

Were the +securities issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Issue of Performance Rights as consideration under the Sale Agreement previously disclosed in Appendix 3B dated 7 August 2023.

Purpose of the issue

Other

Additional Details

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

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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
FBM : ORDINARY FULLY PAID	427,845,133
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
FBMAAL : OPTION EXPIRING 03-FEB-2028 EX $0.11	2,000,000
FBMAAM : OPTION EXPIRING 22-FEB-2025 EX $0.072	3,000,000
FBMAAK : CLASS K PERFORMANCE RIGHTS	480,000
FBMAAD : OPTION EXPIRING 10-AUG-2026 EX $0.50	1,250,000
FBMAAF : CLASS F PERFORMANCE RIGHTS	605,000
FBMAAI : CLASS I PERFORMANCE RIGHTS	645,000
FBMAAC : OPTION EXPIRING 15-OCT-2023 EX $0.12	2,000,000
FBMAU : OPTION EXPIRING 03-SEP-2023 EX 16C	3,250,000
FBMAV : OPTION EXPIRING 03-SEP-2023 EX 20C	3,500,000
FBMAQ : PERFORMANCE RIGHTS	26,150,000
New class - code to be confirmed : Performance Rights	27,505,429

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

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

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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? 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? Yes

5.2b.1 How many +securities are being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1?

27,505,429 Performance Rights

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

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