PTR MINERALS LTD — Share Issue/Capital Change 2025

May 14, 2025

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

Thursday May 15, 2025

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	T1 ZERO EXERCISE PRICE OPTIONS EX 31	850,000	15/05/2025
to be confirmed	DEC 2027
New class - code	T2 ZERO EXERCISE PRICE OPTIONS EX 31	850,000	15/05/2025
to be confirmed	DEC 2028
New class - code	T3 ZERO EXERCISE PRICE OPTIONS EX 31	850,000	15/05/2025
to be confirmed	DEC 2029
New class - code	OPTION EXPIRING 28-JAN-2028 EX $0.51	75,000	15/05/2025
to be confirmed

Refer to next page for full details of the announcement

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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

15/5/2025

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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)

ASX +security code New class - code to be confirmed	+Security description T1 ZERO EXERCISE PRICE OPTIONS EX 31 DEC 2027
+Security type	ISIN code
Options

Date the +securities the subject of this notification were issued

15/5/2025

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
Derek Carter	Mr Derek Carter & Mrs Carlsa Carter	250,000
Donald Stephens	Joneric Pty Ltd No 2 A/C>	200,000
Simon O'Loughlin	Yoix Pty Ltd A/C>	200,000
Simon Taylor	Jimzbal Pty Ltd	200,000

Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? No Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

• • Refer Annexures C and D of the March 2025 EGM Notice of Meeting: https://cdn api.markitdigital.com/apiman gateway/A SX/asx-research/1.0/file/2924-02912027-2A1577882&v=7bc42bd11d853ed5e8c28f2ffcd6a069ee5cd6b4

Options Details

+Security currency AUD - Australian Dollar

Exercise price Expiry date AUD 0.00000000 31/12/2027

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

PTR : ORDINARY FULLY PAID

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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 Annexure E of the March 2025 EGM Notice of Meeting: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-r esearch/1.0/file/2924-02912027-2A1577882&v=7bc42bd11d853ed5e8c28f2ffcd6a069ee5cd6b4

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

The securities that are the subject of this notification were approved for the purposes of sections 195(4) and 208 of the Corporations Act, and ASX Listing Rule 10.14 at an EGM of Shareholders held on Thursday 20 March 2025.

Issue details

Number of +securities

850,000

ASX +security code New class - code to be confirmed	+Security description T2 ZERO EXERCISE PRICE OPTIONS EX 31 DEC 2028
+Security type	ISIN code
Options

Date the +securities the subject of this notification were issued

15/5/2025

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
Derek Carter	Mr Derek Carter & Mrs Carlsa Carter	250,000
Donald Stephens	Joneric Pty Ltd No 2 A/C>	200,000
Simon O'Loughlin	Yoix Pty Ltd A/C>	200,000
Simon Taylor	Jimzbal Pty Ltd	200,000

Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1?

No

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Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

• • Refer Annexures C and D of the March 2025 EGM Notice of Meeting: https://cdn api.markitdigital.com/apiman gateway/A SX/asx-research/1.0/file/2924-02912027-2A1577882&v=7bc42bd11d853ed5e8c28f2ffcd6a069ee5cd6b4

Options Details

+Security currency AUD - Australian Dollar

Exercise price Expiry date AUD 0.00000000 31/12/2028

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

PTR : ORDINARY FULLY PAID

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 Annexure E of the March 2025 EGM Notice of Meeting: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-r esearch/1.0/file/2924-02912027-2A1577882&v=7bc42bd11d853ed5e8c28f2ffcd6a069ee5cd6b4

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

The securities that are the subject of this notification were approved for the purposes of sections 195(4) and 208 of the Corporations Act, and ASX Listing Rule 10.14 at an EGM of Shareholders held on Thursday 20 March 2025.

Issue details

Number of +securities

850,000

ASX +security code +Security description New class - code to be confirmed T3 ZERO EXERCISE PRICE OPTIONS EX 31 DEC 2029

+Security type ISIN code Options

Date the +securities the subject of this notification were issued

15/5/2025

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.

Provide details of the KMP	or +associates being issued +securities.
Name of KMP	Name of registered holder	Number of +securities
Derek Carter	Mr Derek Carter & Mrs Carlsa Carter	250,000

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----- Start of picture text -----

Donald Stephens Joneric Pty Ltd No 2 A/C>
Simon O'Loughlin Yoix Pty Ltd A/C>
Simon Taylor Jimzbal Pty Ltd 200,000
----- End of picture text -----

Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1?

No Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

• • Refer Annexures C and D of the March 2025 EGM Notice of Meeting: https://cdn api.markitdigital.com/apiman gateway/A SX/asx-research/1.0/file/2924-02912027-2A1577882&v=7bc42bd11d853ed5e8c28f2ffcd6a069ee5cd6b4

Options Details

+Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.00000000 31/12/2029

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

PTR : ORDINARY FULLY PAID

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 Annexure E of the March 2025 EGM Notice of Meeting: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-r esearch/1.0/file/2924-02912027-2A1577882&v=7bc42bd11d853ed5e8c28f2ffcd6a069ee5cd6b4

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

The securities that are the subject of this notification were approved for the purposes of sections 195(4) and 208 of the Corporations Act, and ASX Listing Rule 10.14 at an EGM of Shareholders held on Thursday 20 March 2025.

Issue details

Number of +securities

850,000

ASX +security code

+Security description

New class - code to be confirmed OPTION EXPIRING 28-JAN-2028 EX $0.51

+Security type ISIN code

Options

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Date the +securities the subject of this notification were issued

15/5/2025

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? No

Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? No

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

Issued under the terms of the Petratherm Limited Employee Options Plan, refer Annexure E of March 2025 EGM Notice of Meeting: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02912027-2A1577882&v=7bc 42bd11d853ed5e8c28f2ffcd6a069ee5cd6b4

Options Details

+Security currency

+Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.51000000 28/1/2028

Expiry date

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

PTR : ORDINARY FULLY PAID

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 Annexure E of the March 2025 EGM Notice of Meeting: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-r esearch/1.0/file/2924-02912027-2A1577882&v=7bc42bd11d853ed5e8c28f2ffcd6a069ee5cd6b4

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

The securities that are the subject of this notification are issued under Listing Rule 7.2 Exception 13.

Issue details

Number of +securities

75,000

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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	345,614,770

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
PTRAF : PERFORMANCE RIGHTS	3,000,000
PTRAC : OPTION EXPIRING 12-JAN-2026 EX $0.093	300,000
New class - code to be confirmed : T1 ZERO EXERCISE PRICE OPTIONS EX 31 DEC	850,000
2027
New class - code to be confirmed : T2 ZERO EXERCISE PRICE OPTIONS EX 31 DEC	850,000
2028
New class - code to be confirmed : T3 ZERO EXERCISE PRICE OPTIONS EX 31 DEC	850,000
2029
New class - code to be confirmed : OPTION EXPIRING 28-JAN-2028 EX $0.51	75,000

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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? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

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