QUANTUM GRAPHITE LIMITED — Share Issue/Capital Change 2022

Dec 7, 2022

Appendix 3G

Notification of issue, conversion or payment up of unquoted equity +securities

Note: this form is also used to notify ASX where quoted options have been exercised or other quoted convertible securities have been converted and the securities received as a result of the exercise or conversion either are already quoted on ASX or are not intended to be quoted on ASX.

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

If you are an entity incorporated outside Australia and you are issuing a new class of +securities other than CDIs, you will need to obtain and provide an International Securities Identification Number (ISIN) for that class. Further information on the requirement for the notification of an ISIN is available from the Create Online Forms page. ASX is unable to create the new ISIN for non-Australian issuers.

*Denotes minimum information required for first lodgement of this form, with exceptions provided in specific notes for certain questions. The balance of the information, where applicable, must be provided as soon as reasonably practicable by the entity.

Questionno	Question	Answer
1.1	*Name of entityWe (the entity here named) give notice of the issue,conversion or payment up of the following unquoted+securities.	Quantum Graphite Limited
1.2	*Registration type and numberPlease supply your ABN, ARSN, ARBN, ACN oranother registration type and number (if you supplyanother registration type, please specify both the typeof registration and the registration number).	41 008 101 979
1.3	*ASX issuer code	QGL
1.4	*This announcement isTick whichever is applicable.	☒A new announcement☐An update/amendment to a previousannouncement☐A cancellation of a previousannouncement
1.4a	*Reason for updateMandatory only if "Update" ticked in Q1.4 above. Areason must be provided for an update.
1.4b	*Date of previous announcement to thisupdateMandatory only if "Update" ticked in Q1.4 above.
1.4c	*Reason for cancellationMandatory only if "Cancellation" ticked in Q1.4 above.
1.4d	*Date of previous announcement to thiscancellationMandatory only if "Cancellation" ticked in Q1.4 above.
1.5	*Date of this announcement	8 December 2022

Part 1 – Entity and announcement details

Part 2 – Type of issue

QuestionNo.	Question	Answer
2.1	*The +securities the subject of thisnotification are:Select whichever item is applicable.If you wish to notify ASX of different events involvingunquoted securities, please complete a separateAppendix 3G for each event.	☐+Securities issued as part of atransaction or transactions previouslyannounced to the market in an Appendix3B that are not quoted, and are notintended to be quoted, on ASX
		☐+Securities issued under a +dividend ordistribution plan that are not quoted, andare not intended to be quoted, on ASX
		☒Unquoted options that have beenexercised or other unquoted +convertiblesecurities that have been converted
		☐Quoted options that have beenexercised or other quoted +convertiblesecurities that have been convertedwhere the +securities received as aresult of the exercise or conversioneither are already quoted on ASX or arenot intended to be quoted on ASX
		☐Unquoted partly paid +securities uponwhich a call or instalment has been paid
		☐ +Securities issued under an +employeeincentive scheme that are subject to arestriction on transfer and are not beingquoted on ASX until the restriction ends
		☐+Other securities issued under an+employee incentive scheme that arenot intended to be quoted on ASX
		☐ Other[please specify]
		If you have selected 'other' please explain thecircumstances here:
2.1a	*Date the +securities the subject of thisnotification were issued	8 December 2022
	Answer this question if your response to Q2.1 isanything other than "Unquoted partly paid securitiesupon which a call or instalment has been paid".
2.2a.1	*Date of Appendix 3B notifying the marketof the proposed issue of +securities thesubject of this notification
	Answer this question if your response to Q2.1 is"Securities issued as part of a transaction ortransactions previously announced to the market inan Appendix 3B that are not quoted, and are notintended to be quoted, on ASX."

2.2a.2	*Are there any further issues of +securitiesyet to take place to complete the	Yes or No
	transaction(s) referred to in theAppendix 3B?
	Answer this question if your response to Q2.1 is"Securities issued as part of a transaction ortransactions previously announced to the market inan Appendix 3B that are not quoted, and are notintended to be quoted, on ASX".
2.2a.2.1	*Please provide details of the furtherissues of +securities yet to take place tocomplete the transaction(s) referred to inthe Appendix 3B
	Answer this question if your response to Q2.1 is"Securities issued as part of a transaction ortransactions previously announced to the market inan Appendix 3B that are not quoted, and are notintended to be quoted, on ASX" and your response toQ2.2a.2 is "Yes".
	Please provide details of the proposed dates andnumber of securities for the further issues.
2.2b.1	Date of Appendix 3A.1 lodged with ASX inrelation to the underlying +dividend ordistribution
	Answer this question if your response to Q2.1 is"Being issued under a dividend or distribution planthat are not quoted, and are not intended to bequoted, on ASX".
2.2c.1	Please state the number and type of	10,706,429
	options that were exercised or other+convertible securities that were converted(including their ASX security code ifavailable):
	Answer this question if your response to Q2.1 is"Unquoted options that have been exercised or otherunquoted convertible securities that have beenconverted" or "Quoted options that have beenexercised or other quoted convertible securities thathave been converted where the securities received asa result of the exercise or conversion either arealready quoted on ASX or are not intended to bequoted on ASX".
2.2c.2	And the date the options were exercised orother +convertible securities wereconverted:	7 December 2022
	Answer this question if your response to Q2.1 is"Unquoted options that have been exercised or otherunquoted convertible securities that have beenconverted" or "Quoted options that have beenexercised or other quoted convertible securities thathave been converted where the securities received asa result of the exercise or conversion either arealready quoted on ASX or are not intended to bequoted on ASX".Note: If this occurred over a range of dates, enter the
	date the last of the options was exercised orconvertible securities was converted.

2.2c.3	Is this all of the options or other+convertible securities on issue of that type(ie have all of those options now beenexercised or have all of those convertiblesecurities now been converted)?Answer this question if your response to Q2.1 is""Unquoted options that have been exercised or otherunquoted convertible securities that have beenconverted" or "Quoted options that have beenexercised or other quoted convertible securities thathave been converted where the securities received asa result of the exercise or conversion either arealready quoted on ASX or are not intended to bequoted on ASX".	Yes
2.2c.4	The right of the holder of the options orother +convertible securities to receive the+underlying securities is being satisfied by:Answer this question if your response to Q2.1 is"Unquoted options that have been exercised or otherunquoted convertible securities that have beenconverted" or "Quoted options that have beenexercised or other quoted convertible securities thathave been converted where the securities received asa result of the exercise or conversion either arealready quoted on ASX or are not intended to bequoted on ASX".	☒An issue of new +securities☐ A transfer of existing +securitiesA reclassification of the +convertible☐securities as securities in the same classas the +underlying securities
2.2c.5	The underlying securities being receivedby the holder are:Answer this question if your response to Q2.1 is"Unquoted options that have been exercised or otherunquoted convertible securities that have beenconverted".	☒Already quoted by ASX☐Intended to be, but are not yet, quotedby ASX☐Are not, and are not intended to be,quoted by ASX
2.2c.6	The underlying securities being receivedby the holder are:Answer this question if your response to Q2.1 is"Quoted options that have been exercised or otherquoted convertible securities that have beenconverted where the securities received as a result ofthe exercise or conversion either are already quotedon ASX or are not intended to be quoted on ASX".	☐Already quoted by ASX☐Are not, and are not intended to be,quoted by ASX
2.2c.7	*Were the options being exercised or other+convertible securities being convertedissued under an +employee incentivescheme?Answer this question if your response to Q2.1 is"Unquoted options that have been exercised or otherunquoted convertible securities that have beenconverted" or "Quoted options that have beenexercised or other quoted convertible securities thathave been converted where the securities received asa result of the exercise or conversion either arealready quoted on ASX or are not intended to bequoted on ASX".	No

2.2c.8	*Are any of the options being exercised orother +convertible securities beingconverted held by +key managementpersonnel (KMP) or an +associate?Answer this question if your response to Q2.1 is"Unquoted options that have been exercised or otherunquoted convertible securities that have beenconverted" or "Quoted options that have beenexercised or other quoted convertible securities thathave been converted where the securities received asa result of the exercise or conversion either arealready quoted on ASX or are not intended to bequoted on ASX"." and your response to Q2.2c.7 is"Yes".		Yes
2.2c.8.a	*Provide details of the KMP or associates who are exercising options or converting
	convertible securities.
	Answer this question if your response to Q2.1 is "Unquoted options that have been exercised or other unquotedconvertible securities that have been converted" or "Quoted options that have been exercised or other quotedconvertible securities that have been converted where the securities received as a result of the exercise orconversion either are already quoted on ASX or are not intended to be quoted on ASX", your response toQ2.2c.7 is "Yes" and your response to Q2.2c.8 is "Yes". Repeat the detail in the table below for each KMPinvolved. If the options or other convertible securities are held by the KMP, repeat the name of the KMP or insert"Same" in "Name of registered holder". If the options or other convertible securities are held by an associate of aKMP, insert the name of the associate in "Name of registered holder".
	Name of KMP	Name of registered holder		Number of optionsbeing exercised orother +convertiblesecurities beingconverted
	Rochelle Pattison	Cablerand Pty Ltd		4,239,993
	Rochelle Pattison	Inverarey Pty Ltd		2,622,951
	Chimaera Capital Ltd	Chimaera Capital Ltd		3,138,173
2.2d.1	Please state the number and type of partlypaid +securities upon which a call orinstalment has been paid (including theirASX security code if available)?Answer this question if your response to Q2.1 is"Unquoted partly paid securities upon which a call orinstalment has been paid".
2.2d.2	And the date upon which the call orinstalment was paid:
	Answer this question if your response to Q2.1 is"Unquoted partly paid securities upon which a call orinstalment has been paid".
	Note: If this occurred over a range of dates, enter thedate the last of the payments was made.

2.2d.3	Has the call or instalment been paid on allof the partly paid +securities in question?Answer this question if your response to Q2.1 is"Unquoted partly paid securities upon which a call orinstalment has been paid".		Yes or NoRule 3.12.	Note: If you have answered "No", consider whether youneed to lodge an Appendix 3H with ASX notifying ASXof the cessation of some or all of the remaining partlypaid securities under Listing Rule 3.10.E. This may thecase, for example, if partly paid securities that have nothad the call paid by the due date will be cancelled. Ifyou are an NL company, consider also whether youhave notification obligations in relation to any forfeitureof the partly paid securities not paid up under Listing
2.2d.4	Are the securities on which the call orinstalment was paid now fully paid?		Yes or No
2.2e.1	Please state the number and type of+securities (including their ASX securitycode) issued under the +employeeincentive schemeAnswer this question if your response to Q2.1 is"Securities issued under an employee incentivescheme that are subject to a restriction on transferand are not being quoted on ASX until the restrictionends" or "Other securities issued under an employeeincentive scheme that are not intended to be quotedon ASX".
2.2e.2	*Please attach a document or providedetails of a URL link for a document lodgedwith ASX detailing the terms of the+employee incentive scheme or asummary of the terms.Answer this question if your response to Q2.1 is"Securities issued under an employee incentivescheme that are subject to a restriction on transferand are not being quoted on ASX until the restrictionends" or "Other securities issued under an employeeincentive scheme that are not intended to be quotedon ASX".
2.2e.3	*Were any of the +securities issued to+key management personnel (KMP) or an+associateAnswer this question if your response to Q2.1 is"Securities issued under an employee incentivescheme that are subject to a restriction on transferand are not being quoted on ASX until the restrictionends" or "Other securities issued under an employeeincentive scheme that are not intended to be quotedon ASX".		Yes or No
2.2e.3.a	*Provide details of the KMP or +associates being issued +securities.Answer this question if your response to Q2.1 is "Securities issued under an employee incentive scheme that aresubject to a restriction on transfer and are not being quoted on ASX until the restriction ends" or "Other securitiesissued under an employee incentive scheme that are not intended to be quoted on ASX" and your response toQ2.2e.3 is "Yes". Repeat the detail in the table below for each KMP involved in the issue. If the securities arebeing issued to the KMP, repeat the name of the KMP or insert "Same" in "Name of registered holder". If thesecurities are being issued to an associate of a KMP, insert the name of the associate in "Name of registeredholder".
	Name of KMP	Name of registered holder		Number of +securities

2.2f.12.2f.1.a	*Were the +securities issued for a cashconsideration?Answer this question if your response to Q2.1 is"Other".If the securities are being issued for nil cashconsideration, answer this question "No".*In what currency was the cash	Yes or No
	consideration paid?Answer this question if your response to Q2.1 is"Other" and your response to Q2.2f.1 is "Yes".For example, if the consideration is being paid inAustralian Dollars, state AUD.
2.2f.1.b	*What was the issue price per +securityAnswer this question if your response to Q2.1 is"Other" and your response to Q2.2f.1 is "Yes", and byreference to the issue currency provided in yourresponse to Q2.2f.1.a.Note: you cannot enter a nil amount here. If thesecurities are being issued for nil cash consideration,answer Q2.2f.1 as "No" and complete Q2.2f.1.c.
2.2f.1.c	Please describe the consideration providedfor the +securitiesAnswer this question if your response to Q2.1 is"Other" and your response to Q2.2f.1 is "No".
2.2f.2	*The purpose(s) for which the entity issuedthe +securities was:Answer this question if your response to Q2.1 is"Other".You may select one or more of the items in the list.	☐ To raise additional working capital☐ To fund the retirement of debt☐ To payfor the acquisition of an asset[provide details below]☐ To pay for services rendered[provide details below]☐ Other [provide details below]Additional details:
2.2f.3	Please provide any further informationneeded to understand the circumstances inwhich you are notifying the issue of these+securities to ASX, including why the issueof the +securities has not been previouslyannounced to the market in anAppendix 3BYou must answer this question if your response toQ2.1 is "Other". If there is no other information toprovide, please answer "Not applicable" or "N/A".

2.3a	*This notification is given in relation to anissue of +securities in a class which is notquoted on ASX and which:Answer this question if your response to Q2.1 isanything other than "Unquoted options that have beenexercised or other unquoted convertible securitiesthat have been converted", "Quoted options that havebeen exercised or other quoted convertible securitiesthat have been converted where the securitiesreceived as a result of the exercise or conversioneither are already quoted on ASX or are not intendedto be quoted on ASX" or "Unquoted partly paidsecurities upon which a call or instalment has beenpaid".	☐has an existing ASX security code("existing class")☐does not have an existing ASX securitycode ("new class")
2.3b	*The +securities being issued, transferredor re-classified as a result of the optionsbeing exercised or other +convertiblesecurities being converted are:Answer this question if your response to Q2.1 is"Unquoted options that have been exercised or otherunquoted convertible securities that have beenconverted" or "Quoted options that have beenexercised or other quoted convertible securities thathave been converted where the securities received asa result of the exercise or conversion either arealready quoted on ASX or are not intended to bequoted on ASX".	☐securities that have already been quotedon ASX ("existing class")☐in a class which is not quoted on ASXbut which has an existing ASX securitycode ("existing class")☐in a class which is not quoted on ASXand which does not have an existingASX security code ("new class")
2.3c	*The call or instalment the subject of thisnotification is being paid on +securitieswhich are not quoted on ASX and which:Answer this question if your response to Q2.1 is"Unquoted partly paid securities upon which a call orinstalment has been paid".	☐have an existing ASX security code("existing class")☐do not have an existing ASX securitycode ("new class")

Part 3A – number and type of +securities the subject of this notification (existing or new class) where issue has previously been notified to ASX in an Appendix 3B

Answer the questions in this Part if your response to Q2.1 is "Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX".

QuestionNo.	Question	Answer
3A.1	*ASX security code & description
3A.2	*Number of +securities issued/paid up
3A.3	Any other information the entity wishes toprovide about the +securities the subject ofthis notification

Part 3B – number and type of +securities the subject of this notification (existing class) where issue has not previously been notified to ASX in an Appendix 3B

Answer the questions in this part if your response to Q2.1 is anything other than "Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX" and your response to Q2.3a, 2.3b or 2.3c (as applicable) is "existing class". If your response to Q2.1 is "Unquoted options that have been exercised or other unquoted convertible securities that have been converted" or "Quoted options that have been exercised or other quoted convertible securities that have been converted where the securities received as a result of the exercise or conversion either are already quoted on ASX or are not intended to be quoted on ASX", the questions in this part relate to the securities issued, transferred or re-classified as a result of the exercise of the options or the conversion of the convertible securities. If your response to Q2.1 is "Unquoted partly paid securities upon which a call or instalment has been paid", the questions in this part relate to the securities arising from that payment. Otherwise, the questions in this part relate to the securities issued by the entity which are the subject of this notification and which are described in the response to Q2.1.

QuestionNo.	Question	Answer
3B.1	*ASX security code & description	QGL
3B.2	*Number of +securitiesissued/transferred/reclassified/paid up	10,706,429
3B.3a	*Will the +securities rank equally in allrespects from their issue date with theexisting issued +securities in that class?You do not need to answer this question if yourresponse to Q2.1 is ""Unquoted options that have beenexercised or other unquoted convertible securities thathave been converted" or "Quoted options that havebeen exercised or other quoted convertible securitiesthat have been converted where the securities receivedas a result of the exercise or conversion either arealready quoted on ASX or are not intended to bequoted on ASX", and your response to Q2.2c.4 is "Atransfer of existing securities" and your response toQ2.3b is "securities that have already been quoted onASX".	Yes
3B.3b	*Is the actual date from which the+securities will rank equally (non-rankingend date) known?You do not need to answer this question if yourresponse to Q2.1 is "Unquoted options that have beenexercised or other unquoted convertible securities thathave been converted" or "Quoted options that havebeen exercised or other quoted convertible securitiesthat have been converted where the securities receivedas a result of the exercise or conversion either arealready quoted on ASX or are not intended to bequoted on ASX", your response to Q2.2c.4 is "Atransfer of existing securities" and your response toQ2.3b is "securities that have already been quoted onASX".Otherwise answer this question if your response toQ3B.3a is "No".	Yes or No

3B.3c	*Provide the actual non-ranking end date
	You do not need to answer this question if yourresponse to Q2.1 is "Unquoted options that have beenexercised or other unquoted convertible securities thathave been converted" or "Quoted options that havebeen exercised or other quoted convertible securitiesthat have been converted where the securities receivedas a result of the exercise or conversion either arealready quoted on ASX or are not intended to bequoted on ASX", your response to Q2.2c.4 is "Atransfer of existing securities" and your response toQ2.3b is "securities that have already been quoted onASX".Otherwise answer this question if your response to
	Q3B.3a is "No" and your response to Q3B.3b is "Yes".
3B.3d	*Provide the estimated non-ranking endperiod
	You do not need to answer this question if yourresponse to Q2.1 is "Unquoted options that have beenexercised or other unquoted convertible securities thathave been converted" or "Quoted options that havebeen exercised or other quoted convertible securitiesthat have been converted where the securities receivedas a result of the exercise or conversion either arealready quoted on ASX or are not intended to bequoted on ASX", your response to Q2.2c.4 is "Atransfer of existing securities" and your response toQ2.3b is "securities that have already been quoted onASX".Otherwise answer this question if your response toQ3B.3a is "No" and your response to Q3B.3b is "No".
3B.3e	*Please state the extent to which the+securities do not rank equally:
	•in relation to the next dividend,distribution or interest payment; or
	•for any other reason
	Otherwise answer this question if your response toQ3B.3a is "No".
	You do not need to answer this question if yourresponse to Q2.1 is "Unquoted options that have beenexercised or other unquoted convertible securities thathave been converted" or "Quoted options that havebeen exercised or other quoted convertible securitiesthat have been converted where the securities receivedas a result of the exercise or conversion either arealready quoted on ASX or are not intended to bequoted on ASX", your response to Q2.2c.4 is "Atransfer of existing securities" and your response toQ2.3b is "securities that have already been quoted onASX".For example, the securities may not rank at all, or mayrank proportionately based on the percentage of theperiod in question they have been on issue, for thenext dividend, distribution or interest payment; or theymay not be entitled to participate in some other event,such as an entitlement issue.
3B.4	Any other information the entity wishes toprovide about the +securities the subject ofthis notification

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

Answer the questions in this part if your response to Q2.1 is anything other than "Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX" and your response to Q2.3a, 2.3b or 2.3c (as applicable) is "new class". If your response to Q2.1 is "Unquoted options that have been exercised or other unquoted convertible securities that have been converted" or "Quoted options that have been exercised or other quoted convertible securities that have been converted where the securities received as a result of the exercise or conversion either are already quoted on ASX or are not intended to be quoted on ASX", the questions in this part relate to the securities being issued, transferred or reclassified as a result of the exercise of the options or the conversion of the convertible securities. If your response to Q2.1 is "Unquoted partly paid securities upon which a call or instalment has been paid", the questions in this part relate to the call paid or fully paid securities arising from that payment. Otherwise, the questions in this part relate to the securities issued by the entity which are the subject of this notification and which are described in the response to Q2.1.

QuestionNo.	Question	Answer
3C.1	*Security description
3C.2	*Security typeSelect one item from the list that best describes thesecurities the subject of this form. This will determinemore detailed questions to be asked about the securitylater in this section. Select "ordinary fully or partly paidshares/units" for stapled securities or CDIs. For interestrate securities, please select the appropriate choicefrom either "Convertible debt securities" or "Nonconvertible debt securities". Select "Other" forperformance shares/units and performanceoptions/rights or if the selections available in the list donot appropriately describe the security being issued.	☐Ordinary fully or partly paid shares/units☐Options☐ +Convertible debt securities☐Non-convertible +debt securities☐Redeemable preference shares/units☐Other
3C.3	ISIN codeAnswer this question if you are an entity incorporatedoutside Australia and you are issuing a new class ofsecurities other than CDIs. See also the note at the topof this form.
3C.4	*Number of +securities issued/paid up
3C.5a	*Will all the +securities issued in this classrank equally in all respects from the issuedate?	Yes or No
3C.5b	*Is the actual date from which the+securities will rank equally (non-rankingend date) known?Answer this question if your response to Q3C.5a is"No".	Yes or No
3C.5c	*Provide the actual non-ranking end dateAnswer this question if your response to Q3C.5a is"No" and your response to Q3C.5b is "Yes".
3C.5d	*Provide the estimated non-ranking endperiodAnswer this question if your response to Q3C.5a is"No" and your response to Q3C.5b is "No".

3C.5e	*Please state the extent to which the+securities do not rank equally:
	•in relation to the next dividend,distribution or interest payment; or
	•for any other reason
	Answer this question if your response to Q3C.5a is"No".
	For example, the securities may not rank at all, or mayrank proportionately based on the percentage of theperiod in question they have been on issue, for thenext dividend, distribution or interest payment; or theymay not be entitled to participate in some other event,such as an entitlement issue.
3C.6	Please attach a document or provide a URLlink for a document lodged with ASX settingout the material terms of the +securities
	being issuedYou may cross reference a disclosure document, PDS,information memorandum, investor presentation orother announcement with this information provided ithas been released to the ASX Market AnnouncementsPlatform.
3C.7	*Have you received confirmation from ASX	Yes or No
	that the terms of the +securities are
	appropriate and equitable under listing rule6.1?
	Answer this question only if you are an ASX Listing.(ASX Foreign Exempt Listings and ASX Debt Listingsdo not have to answer this question).
	If your response is "No" and the securities have anyunusual terms, you should approach ASX as soon aspossible for confirmation under listing rule 6.1 that theterms are appropriate and equitable.
3C.8a	Ordinary fully or partly paid shares/units details
	Answer the questions in this section if you selected this security type in your response to Question 3B.2.
	*+Security currency
	This is the currency in which the face amount of anissue is denominated. It will also typically be thecurrency in which distributions are declared.
	*Are there CDIs issued over the+securities?	Yes or No
	*CDI ratio	X:Y
	Answer this question if you answered "Yes" to theprevious question. This is the ratio at which CDIs canbe transmuted into the underlying security (e.g. 4:1means 4 CDIs represent 1 underlying securitywhereas 1:4 means 1 CDI represents 4 underlyingsecurities).
	*Is it a partly paid class of +security?	Yes or No

	*Paid up amount: unpaid amount	X:Y
	Answer this question if answered "Yes" to theprevious question.
	The paid up amount represents the amount ofapplication money and/or calls which have been paidon any security considered 'partly paid'
	The unpaid amount represents the unpaid or yet to becalled amount on any security considered 'partlypaid'.
	The amounts should be provided per the securitycurrency (e.g. if the security currency is AUD, then thepaid up and unpaid amount per security in AUD).
	*Is it a stapled +security?	Yes or No
	This is a security class that comprises a number ofordinary shares and/or ordinary units issued byseparate entities that are stapled together for thepurposes of trading.
3C.8b	Option details
	Answer the questions in this section if you selected this security type in your response to Question 3B.2.
	*+Security currency
	This is the currency in which the exercise price ispayable.
	*Exercise price
	The price at which each option can be exercised andconvert into the underlying security. If there is noexercise price please answer as $0.00.
	The exercise price should be provided per thesecurity currency (i.e. if the security currency is AUD,the exercise price should be expressed in AUD).
	*Expiry date
	The date on which the options expire or terminate.
	*Details of the number and type of
	+security (including its ASX security code if
	the +security is quoted on or recorded by
	ASX) that will be issued if an option isexercised
	For example, if the option can be exercised to receive
	one fully paid ordinary share with ASX security codeABC, please insert "One fully paid ordinary share
	(ASX:ABC)".
3C.8c	Details of non-convertible +debt securities, +convertible debt securities, orredeemable preference shares/units
	Answer the questions in this section if you selected one of these security types in your response to Question
	3B.2.Refer to Guidance Note 34 and the "Guide to the Naming Conventions and Security Descriptions for ASX QuotedDebt and Hybrid Securities" for further information on certain terms used in this section
	*Type of +security	☐Simple corporate bond
	Select one item from the list	☐Non-convertible note or bond
		☐Convertible note or bond
		☐Preference share/unit
		☐Capital note
		☐Hybrid security
		☐Other

*+Security currencyThis is the currency in which the face value of thesecurity is denominated. It will also typically be thecurrency in which interest or distributions are paid.
Face valueThis is the principal amount of each security.The face value should be provided per the securitycurrency (i.e. if security currency is AUD, then theface value per security in AUD).
*Interest rate typeSelect one item from the listSelect the appropriate interest rate type per the termsof the security. Definitions for each type are providedin the Guide to the Naming Conventions and SecurityDescriptions for ASX Quoted Debt and HybridSecurities	☐Fixed rate☐Floating rate☐Indexed rate☐Variable rate☐Zero coupon/no interest☐Other
Frequency of coupon/interest paymentsper yearSelect one item from the list.	☐Monthly☐Quarterly☐Semi-annual☐Annual☐No coupon/interest payments☐Other
First interest payment dateA response is not required if you have selected "Nocoupon/interest payments" in response to thequestion above on the frequency of coupon/interestpayments
Interest rate per annumAnswer this question if the interest rate type is fixed.	% p.a.
*Is the interest rate per annum estimatedat this time?Answer this question if the interest rate type is fixed.	Yes or No
If the interest rate per annum is estimated,then what is the date for this information tobe announced to the market (if known)Answer this question if the interest rate type is fixedand your response to the previous question is "Yes".Answer "Unknown" if the date is not known at thistime.
*Does the interest rate include a referencerate, base rate or market rate (e.g. BBSWor CPI)?Answer this question if the interest rate type is floatingor indexed	Yes or No
*What is the reference rate, base rate ormarket rate?Answer this question if the interest rate type is floatingor indexed and your response to the previousquestion is "Yes".

*Does the interest rate include a marginabove the reference rate, base rate ormarket rate?Answer this question if the interest rate type is floatingor indexed.	Yes or No
*What is the margin above the referencerate, base rate or market rate (expressedas a percent per annum)Answer this question if the interest rate type is floatingor indexed and your response to the previousquestion is "Yes".	% p.a.
*S128F of the Income Tax Assessment Actstatus applicable to the +securitySelect one item from the listFor financial products which are likely to give rise to apayment to which s128F of the Income TaxAssessment Act applies, ASX requests issuers toconfirm the s128F status of the security:•"s128F exempt" means interest payments are not	☐s128F exempt☐Not s128F exempt☐s128F exemption status unknown☐Not applicable
taxable to non-residents;•"Not s128F exempt" means interest payments aretaxable to non-residents;•"s128F exemption status unknown" means theissuer is unable to advise the status;•"Not applicable" means s128F is not applicable tothis security
*Is the +security perpetual (i.e. no maturitydate)?	Yes or No
*Maturity dateAnswer this question if the security is not perpetual
*Select other features applicable to the+securityUp to 4 features can be selected. Further informationis available in the Guide to the Naming Conventionsand Security Descriptions for ASX Quoted Debt andHybrid Securities.	☐Simple☐Subordinated☐Secured☐Converting☐Convertible☐Transformable☐Exchangeable☐Cumulative☐Non-Cumulative☐Redeemable☐Extendable☐Reset☐Step-Down☐Step-Up☐Stapled☐None of the above
*Is there a first trigger date on which a rightof conversion, redemption, call or put canbe exercised (whichever is first)?	Yes or No

	*If yes, what is the first trigger dateAnswer this question if your response to the previousquestion is "Yes".
	Details of the number and type of +security(including its ASX security code if the+security is quoted on ASX) that will beissued if the securities to be quoted areconverted, transformed or exchangedAnswer this question if the security features include"converting", "convertible", "transformable" or"exchangeable".For example, if the security can be converted into1,000 fully paid ordinary shares with ASX securitycode ABC, please insert "1,000 fully paid ordinaryshares (ASX:ABC)".
3C.9	Any other information the entity wishes toprovide about the +securities the subject ofthis notification

Part 4 –+Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the issued +securities of the entity will comprise:

Note: the figures provided in the table below are used to calculate part of the total market capitalisation of the entity published by ASX from time to time. Please make sure you include in the table each class of security issued by the entity. Restricted securities should be included in table 4.2.

4.1	Quoted +Securities (Total number of each +class of +securities issued and quoted on ASX)
	*ASX security code and description	*Total number of +securities on issue
	QGL(this is the shares on issue following theissue of shares on 2 December 2022announced in the Appendix 3B dated1 December 2022)	335,724,429
4.2	Unquoted +Securities (Total number of each +class of +securities issued but not quoted onASX)
	*ASX security code and description	*Total number of +securities on issue
	Reconstruction Options(Nil Exercise Expiry 23 July 2023)	Nil
	Broker Options(Exercise Price $0.75 Expiry 31 January 2024)	3,000,000

Part 5 – Other Listing Rule requirements

The questions in this Part should only be answered if you are an ASX Listing (ASX Foreign Exempt Listings and ASX Debt Listings do not need to complete this Part) and your response to Q2.1 is:

• "Securities issued under a dividend or distribution plan that are not quoted, and are not intended to be quoted, on ASX"; - "Securities issued under an employee incentive scheme that are subject to a restriction on transfer and are not being quoted on ASX until the restriction ends" or "Other securities issued under an employee incentive scheme that are not intended to be quoted on ASX"; or
• "Other"

Note that if your response to Q2.1 is "Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX", it is assumed that you will have provided the information referred to in this Part in the Appendix 3B.

QuestionNo.	Question	Answer
5.1	*Were the +securities issued under anexception in Listing Rule 7.2 and thereforethe issue did not need any security holderapproval under Listing Rule 7.1?	Yes or No
5.1a	Enter the number of the applicableexception in Listing Rule 7.2Note this should be a number between 1 and 17.
5.1a.1	*Does the +dividend or distribution planmeet the requirement of listing rule 7.2exception 4 that it does not impose a limiton participation?Answer this question if your response to Q5.1 is "Yes"and your response to Q5.1a is "4".	Yes or No
	Note: Exception 4 only applies where security holdersare able to elect to receive all of their dividend ordistribution as securities. For example, Exception 4would not apply in the following circumstances: 1) Theentity has specified a dollar limit on the level ofparticipation e.g. security holders can only participateto a maximum value of $x in respect of theirentitlement, or 2) The entity has specified a maximumnumber of securities that can participate in the plane.g. security holders can only receive securities in lieuof dividend payable for x number of securities.
5.2	*Has the entity obtained, or is it obtaining,+security holder approval for the issueunder listing rule 7.1?Answer this question if the response to Q5.1 is "No".	Yes or No
5.2a	*Date of meeting or proposed meeting toapprove the issue under listing rule 7.1Answer this question if the response to Q5.1 is "No"and the response to Q5.2 is "Yes".
5.2b	*Are any of the +securities being issuedwithout +security holder approval using theentity's 15% placement capacity underlisting rule 7.1?Answer this question if the response to Q5.1 is "No"and the response to Q5.2 is "No".	Yes or No

5.2b.1	*How many +securities are being issuedwithout +security holder approval using theentity's 15% placement capacity underlisting rule 7.1?Answer this question if the response to Q5.1 is "No",the response to Q5.2 is "No" and the response toQ5.2b is "Yes".If the response to Q5.2b is "Yes", please complete andseparately send by email to your ASX listings adviser awork sheet in the form of Annexure B to GuidanceNote 21 confirming the entity has the available capacityunder listing rule 7.1 to issue that number of securities.
5.2c	*Are any of the +securities being issuedwithout +security holder approval using theentity's additional 10% placement capacityunder listing rule 7.1A (if applicable)?Answer this question if the response to Q5.1 is "No"and the response to Q5.2 is "No".	Yes or No or n/a
5.2c.1	*How many +securities are being issuedwithout +security holder approval using theentity's additional 10% placement capacityunder listing rule 7.1A?Answer this question if the response to Q5.1 is "No",the response to Q5.2 is "No" and the response toQ5.2c is "Yes".If the response to Q5.2c is "Yes", please complete andseparately send by email to your ASX listings adviser awork sheet in the form of Annexure C to GuidanceNote 21 confirming the entity has the available capacityunder listing rule 7.1A to issue that number ofsecurities.

Introduced 01/12/19; amended 31/01/20; 05/06/21