PTR MINERALS LTD — Share Issue/Capital Change 2024

Dec 19, 2024

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Announcement Summary

Entity name

PETRATHERM LTD

Date of this announcement

Friday December 20, 2024

The +securities the subject of this notification are:

+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
New class - code	Performance Rights	3,000,000	20/12/2024
to be confirmed

Refer to next page for full details of the announcement

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - 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

PETRATHERM LTD

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type Registration number ABN 53008172450

1.3 ASX issuer code

PTR

1.4 The announcement is

New announcement

1.5 Date of this announcement

20/12/2024

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+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:

does not have an existing ASX security code ("new class")

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Part 3C - number and type of +securities the subject of this notification (new class)

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ASX +security code +Security description
New class - code to be confirmed Performance Rights
+Security type ISIN code
Other
Date the +securities the subject of this notification were issued
20/12/2024
Will all the +securities issued in this class rank equally in all respects from their issue date?
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
Peter Reid TBC 3,000,000
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued.
Tranche 1 vesting conditions (1,000,000 securities):
- Based on the results of at least 40 drill holes, the Directors of the Company are sufficiently satisfied that a potentially
economic discovery has been made at the Company¿s Muckanippie Project; and
- Continued service 2 years from 31 December 2024
Tranche 2 vesting conditions (1,000,000 securities):
- The Company reports a Mineral Resource estimate in accordance with the JORC Code, 2012 Edition of at least 100Mt
tonnes of not less than 8% average Heavy Mineral Sands (HMS) in the Inferred Category at the Company¿s Muckanippie
Project with Reasonable Prospects for Eventual Economic Extraction (RPEEE); and
- Continued service 2.5 years from 31 December 2024;
Continued below:
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
Refer ASX announcement dated 12 December 2024: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research
/1.0/file/2924-02893820-2A1568153
Any other information the entity wishes to provide about the +securities the subject of this notification
Continued from above:
Tranche 3 vesting conditions (1,000,000 securities):
- The Company reports a Mineral Resource estimate in accordance with the JORC Code, 2012 Edition of at least 100Mt
tonnes of not less than 8% average HMS in the Indicated Category at the Company¿s Muckanippie Project with RPEEE;
and
- Continued service 3 years from 31 December 2024;
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Issue details

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Number of +securities

3,000,000

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this notification, the +securities 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 issued and quoted on ASX)

	Total number of
ASX +security code and description	+securities on issue
PTR : ORDINARY FULLY PAID	309,196,589
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
PTRAS : OPTION EXPIRING 31-OCT-2027 EX $0.076	650,000
PTRAC : OPTION EXPIRING 12-JAN-2026 EX $0.093	500,000
PTRAR : OPTION EXPIRING 29-DEC-2026 EX $0.069	325,000
PTRAE : OPTION EXPIRING 05-MAY-2026 EX $0.096	75,000
New class - code to be confirmed : Performance Rights	3,000,000

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? No

5.2b Are any of the +securities being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? Yes

5.2b.1 How many +securities are being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1?

3,000,000

5.2c Are any of the +securities being issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? No

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