PACIFIC LIME AND CEMENT LIMITED — Share Issue/Capital Change 2023

Aug 10, 2023

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

==> picture [21 x 22] intentionally omitted <==

Announcement Summary

Entity name

MAYUR RESOURCES LIMITED

Date of this announcement

Friday August 11, 2023

The +securities the subject of this notification are:

==> picture [8 x 9] intentionally omitted <==

+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
MRLAE	PERFORMANCE RIGHTS	1,205,612	10/08/2023

Refer to next page for full details of the announcement

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

1 / 6

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

==> picture [21 x 22] intentionally omitted <==

Part 1 - Entity and announcement details

1.1 Name of entity

MAYUR RESOURCES 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

ARBN

Registration number

619770277

1.3 ASX issuer code

MRL

1.4 The announcement is

==> picture [8 x 8] intentionally omitted <==

New announcement

1.5 Date of this announcement

11/8/2023

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

2 / 6

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

Part 2 - Issue details

==> picture [21 x 22] intentionally omitted <==

2.1 The +securities the subject of this notification are:

==> picture [8 x 8] intentionally omitted <==

+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:

==> picture [8 x 8] intentionally omitted <==

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

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

3 / 6

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

==> picture [21 x 22] intentionally omitted <==

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

MRLAE : PERFORMANCE RIGHTS

Date the +securities the subject of this notification were issued

10/8/2023

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.

Name of KMP	Name of registered holder	Number of +securities
Paul Mulder	Potteram Ink Pty Ltd	346,797
Timothy Crossley	Timothy Crossley	858,815

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://www.investi.com.au/api/announcements/mrl/84c32b08 c37.pdf

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

Approval of salary sacrifice rights issued in lieu of payment of portion of cash salary (to conserve company cash holdings), as approved by shareholders at General Meeting on 10 August 2023

Issue details

Number of +securities

1,205,612

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

4 / 6

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

==> picture [21 x 22] intentionally omitted <==

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
MRL : CHESS DEPOSITARY INTERESTS 1:1	324,716,351
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
MRLAG : CONVERTIBLE NOTES	1,696,500
MRLAH : OPTION EXPIRING 11-MAY-2026 EX $0.40	625,000
MRLAE : PERFORMANCE RIGHTS	57,752,116
MRLAI : OPTION EXPIRING 18-MAY-2026 EX $0.30	2,000,000
MRLAF : OPTION EXPIRING 08-MAY-2026 EX $0.30	7,638,887

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

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

5 / 6

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

==> picture [21 x 22] intentionally omitted <==

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

10/8/2023

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

6 / 6