ORE RESOURCES LIMITED — Share Issue/Capital Change 2023

May 29, 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

Tuesday May 30, 2023

The +securities the subject of this notification are:

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+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
FBMAQ	PERFORMANCE RIGHTS	9,000,000	30/05/2023

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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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

30/5/2023

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Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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+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:

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has an existing ASX security code ("existing class")

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

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Part 3B - number and type of +securities the subject of this notification (existing class) where issue has not previously been notified to ASX in an Appendix 3B

ASX +security code and description

FBMAQ : PERFORMANCE RIGHTS

Date the +securities the subject of this notification were issued

30/5/2023

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class 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.

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Name of KMP Name of registered holder Number of +securities
Michael Edwards Shadwick Nominees Pty Ltd 7,000,000
Trevor Eton Jane Eton 2,000,000
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
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02618110-6A1130730?access_token=8
3ff96335c2d45a094df02a206a39ff4
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Any other information the entity wishes to provide about the +securities the subject of this notification

Performance Rights, each being an entitlement to receive one fully paid ordinary shares in Future Battery Minerals Ltd (ASX: FBM) at the end of a vesting period, subject to meeting vesting conditions. No amount is payable on vesting of the rights. The Performance Rights issued to Directors will vest subject to continuous service condition and a share price vesting conditions being achieved.

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

Issue details

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Number of +securities

9,000,000

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this 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
FBMAAH : CLASS H PERFORMANCE RIGHTS	645,000
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

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

29/5/2023

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