POLYMETALS RESOURCES LTD — Share Issue/Capital Change 2025

Dec 18, 2025

Appendix 2A - Application for quotation of securities

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Announcement Summary

Entity name

POLYMETALS RESOURCES LTD

Announcement Type

New announcement

Date of this announcement

Friday December 19, 2025

The +securities to be quoted are:

+Securities previously issued under an +employee incentive scheme where the restrictions on transfer have ceased or are about to cease

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
POL	ORDINARY FULLY PAID	743,750	19/12/2025

Refer to next page for full details of the announcement

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Appendix 2A - Application for quotation of securities

Part 1 - Entity and announcement details

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1.1 Name of entity

POLYMETALS RESOURCES LTD

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1.2 Registered number type

Registration number

ABN 73644736247

1.3 ASX issuer code

POL

1.4 The announcement is

New announcement

1.5 Date of this announcement

19/12/2025

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Appendix 2A - Application for quotation of securities

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Part 2 - Type of Issue

2.1 The +securities to be quoted are:

+Securities previously issued under an +employee incentive scheme where the restrictions on transfer have ceased or are about to cease

2.2 The +class of +securities to be quoted is:

Additional +securities in a class that is already quoted on ASX ("existing class")

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Appendix 2A - Application for quotation of securities

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

Additional +securities to be quoted in an existing class as a result of transfer restrictions ceasing on an existing class FROM (Existing Class) ASX +security code and description No security currently exists FROM (Existing Class) +Security description Employee share loan plan shares granted and now vesting on milestone achievement. TO (Existing Class) ASX +security code and description POL : ORDINARY FULLY PAID Please state the number of +securities previously issued under the And the date the restrictions on +employee incentive scheme where the restrictions on transfer have ceased transfer have ceased or will cease or are about to cease 743,750 19/12/2025 Issue date 19/12/2025 Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class? Yes Issue details Number of +securities to be quoted 743,750 Are the +securities being issued for a cash consideration? No Please describe the consideration being provided for the +securities Non-Recourse loan of 35c per share repayable on sale of the shares or 36 months after the vesting/issue of the shares Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted 0.350000 Any other information the entity wishes to provide about the +securities to be quoted Shares are being issued to 11 employees including Board and Management. Shares approved at 2024 AGM and Directors shares approved at 2025 AGM. At the time of grant, the Company's share price was 24c per share.

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Appendix 2A - Application for quotation of securities

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Appendix 2A - Application for quotation of securities

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Part 4 - Issued capital following quotation

Following the quotation of the +securities the subject of this application, the issued capital of the entity will comprise:

The figures in parts 4.1 and 4.2 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.

4.1 Quoted +securities (total number of each +class of +securities quoted on ASX following the +quotation of the +securities subject of this application)

+securities subject of this application)
	Total number of
ASX +security code and description	+securities on issue
POL : ORDINARY FULLY PAID	308,057,427
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
POLAP : OPTION EXPIRING 23-NOV-2026 EX $1.00	1,250,000

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

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