PEEL MINING LIMITED — Share Issue/Capital Change 2024

May 30, 2024

Announcement Summary

Entity name

PEEL MINING LIMITED

Announcement Type

New announcement

Date of this announcement

Friday May 31, 2024

Details of +securities that have ceased

ASX +securitycode	Security description	Number of+securities thathave ceased	The +securities haveceased due to	Date ofcessation
PEXAS	PERFORMANCE RIGHTS(2021)	1,600,000	Lapse of conditional right tosecurities because theconditions have not been, orhave become incapable ofbeing, satisfied	29/05/2024

Refer to next page for full details of the announcement

Part 1 - Announcement Details

1.1 Name of +Entity

PEEL MINING LIMITED

We (the entity named above) provide the following information about our issued capital.

1.2 Registered Number Type ABN

Registration Number 42119343734

1.3 ASX issuer code PEX

1.4 The announcement is 1.5 Date of this announcement New announcement

31/5/2024

Part 2 - Details of +equity securities or +debt securities that have ceased

ASX +Security Code and Description

PEXAS : PERFORMANCE RIGHTS (2021)

Unquoted +equity securities that have ceased Number of securities that have ceased

1,600,000

Reason for cessation

Lapse of conditional right to securities because the conditions have not been, or have become incapable of being, satisfied

Date of cessation	Is the entity paying any consideration for the cessation?
29/5/2024	No

Any other information the entity wishes to notify to ASX about the cessation?

Lapse of 1,300,000 unvested director performance rights, approved by shareholders on the 29th November 2021, and 300,000 unvested employee performance rights issued under the Company Performance Rights and Options Plan on the 29th November 2021.

Part 3 - Issued capital following changes

Following the cessation of the +securities the subject of this notification, the issued capital of the entity will comprise:

The figures in parts 3.1 and 3.2 below are automatically generated and may not reflect the entity's current issued capital if other Appendix 2A, Appendix 3G or Appendix 3H forms are currently with ASX for processing.

3.1 Quoted +equity securities and +debt securities (total number of each +class of +securities quoted on ASX)

ASX +security code and description	Total number of+securities on issue
PEX : ORDINARY FULLY PAID	581,084,534

3.2 Unquoted +equity securities (total number of each +class of +equity securities issued but not quoted on ASX)

ASX +security code and description	Total number of+securities on issue
PEXAA : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	20,563,334
PEXAT : OPTION EXPIRING 20-APR-2025 EX $0.236	4,248,106
PEXAS : PERFORMANCE RIGHTS (2021)	0

Note: the figures stated in the tables above are used to calculate the total market capitalisation of the entity published by ASX from time to time. The table will not include those classes of +securities that have ceased or lapsed in their entirety in ASX records before the announcement date described in Q1.5, even if the entity has advised ASX of a change to that class of +security in Part 2 of this form.