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PEEL MINING LIMITED — Capital/Financing Update 2025
Oct 13, 2025
65545_rns_2025-10-13_1afe5b55-e329-4507-bf46-5af6140454ce.pdf
Capital/Financing Update
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----- Start of picture text ----- ASX ANNOUNCEMENT14 [th] October 2025 ASX: PEX----- End of picture text -----
OVERSUBSCRIBED SHARE PURCHASE PLAN TO CLOSE EARLY
DUE TO STRONG SHAREHOLDER SUPPORT
Peel Mining Limited (ASX: PEX) (“ Peel ” or the “ Company ”) advises that the Share Purchase Plan ( SPP ), announced on 29 September 2025 and opened on 9 October 2025, has strong early demand from eligible shareholders.
In accordance with the terms of the SPP, the Directors have determined to close the SPP early to minimise the scale back of applications.
The new effective closure date for the SPP is 5:00pm (AEDT) on Thursday, 16 October 2025 ( Revised Closing Date ). Peel advises that any applications received after the Revised Closing Date will not be accepted under the SPP and those application monies will be returned in full to the applicant in accordance with the terms of the SPP.
Peel will undertake a scale-back of applications received prior to the Revised Closing Date and may also consider accepting applications that result in the SPP raising above the original target amount, in accordance with the terms of the SPP.
A revised timetable for the SPP is shown in the table below:
| Event | Date |
|---|---|
| Despatch of SPP information booklet and open of SPP offer | Wednesday, 8 October 2025 |
| Opening Date for Share Purchase Plan | Thursday, 9 October 2025 |
| Revised SPP Closing Date (5:00pm AEDT) | Thursday, 16 October 2025 |
| Announcement of results of Share Purchase Plan | Wednesday, 22 October 2025 |
| Issue and allotment of New Shares under the SPP | Thursday, 23 October 2025 |
| Normal trading of New Shares under the SPP | Friday, 24 October 2025 |
| Despatch of holding statements | Friday, 24 October 2025 |
These dates are indicative only and are subject to change without notice. Subject to the requirements of the Corporations Act, the ASX Listing Rules and any other applicable laws, Peel reserves the right to amend the timetable, including extending the SPP offer period or accepting late applications (either generally or in particular cases) without notice.
All dollar amounts are in Australian dollars unless otherwise stated.
Authorised for release by the Board.
Nick Woolrych Nicholas Read – Read Corporate Peel Mining Limited Media Inquiries: Managing Director & CEO Phone: +61 419 929 046 Email: [email protected] Email: [email protected]
Peel Mining Limited P: (08) 9382 3955 E: [email protected] Unit 1, 34 Kings Park Road, West Perth WA 6005
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ACN 119 343 734 PO Box 849, West Perth WA 6872 www.peelmining.com.au