RAIDEN RESOURCES LIMITED — Capital/Financing Update 2023

Jun 7, 2023

Appendix 2A

Application for quotation of +securities

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 seeking quotation of 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.

Part 1 – Entity and announcement details

Questionno	Question	Answer
1.1	*Name of entityWe (the entity here named) apply for+quotation of the following +securities andagree to the matters set out inAppendix 2A of the ASX Listing Rules.1	Raiden Resources 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).	ACN 009 161 522
1.3	*ASX issuer code	RDN
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 updateAnswer this question if your response to Q 1.4 is anupdate/amendment to previous announcement.	-
1.4b	*Date of previous announcement to thisupdateAnswer this question if your response to Q 1.4 is anupdate/amendment to previous announcement.	-
1.4c	*Reason for cancellationAnswer this question if your response to Q 1.4 is "Acancellation of a previous announcement"	-

1 Appendix 2A of the Listing Rules includes a warranty that an offer of the securities for sale within 12 months after their issue will not require disclosure under section 707(3) or 1012C(6) of the Corporations Act. If you are in any doubt as to the application of, or the entity's capacity to give, this warranty, please see ASIC Regulatory Guide 173 Disclosure for on-sale of securities and other financial products and consult your legal adviser.

1.4d	*Date of previous announcement to thiscancellation	-
	Answer this question if your response to Q 1.4 is "Acancellation of a previous announcement"
1.5	*Date of this announcement	08 June 2023

Part 2 – Type of issue

QuestionNo.	Question	Answer
2.1	*The +securities to be quoted are:Select whichever item is applicable.If you wish to apply for quotation of different types ofissues of securities, please complete a separateAppendix 2A for each type of issue.	☒+Securities issued as part of atransaction or transactions previouslyannounced to the market in anAppendix 3B☐+Securities issued under a +dividend ordistribution plan
		☐+Securities issued, transferred or reclassified as a result of options beingexercised or other +convertiblesecurities being converted
		☐Unquoted partly paid +securities thathave been fully paid up and are now tobecome quoted fully paid +securitiesNote: there is no need to apply for quotation ofthe fully paid securities if the partly paid securitieswere already quoted
		☐+Restricted securities where the escrowperiod has expired or is about to expire
		☐+Securities previously issued under an+employee incentive scheme where therestrictions on transfer have ceased orare about to cease
		☐+Securities issued under an +employeeincentive scheme that are not subject toa restriction on transfer or that are to bequoted notwithstanding there is arestriction on transfer
		☐ Other [please specify]
		If you have selected 'other' please explain thecircumstances of the issue here:
2.1a	*Have the +securities to be quoted beenissued yet?	Yes
2.1a.1	*What was their date of issue?Answer this question if your response to Q2.1a is"Yes".	08 June 2023
2.1a.2	*What is their proposed date of issue?Answer this question if your response to Q2.1a is "No".	-
2.2a.1	*Date of Appendix 3B notifying the marketof the proposed issue of +securities forwhich quotation is now being sought	Updated Appendix 3B 26 April 2023(Initial 3B dated 11 April 2023)
	Answer this question if your response to Q2.1 is"Securities issued as part of a transaction ortransactions previously announced to the market in anAppendix 3B"

2.2a.2	*Are there any further issues of +securitiesyet to take place to complete thetransaction(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 in anAppendix 3B".	Yes
2.2a.2.1	*Please provide details of the further issuesof +securities yet to take place to completethe transaction(s) referred to in theAppendix 3BAnswer this question if your response to Q2.1 is"Securities issued as part of a transaction ortransactions previously announced to the market in anAppendix 3B" and your response to Q2.2a.2 is "Yes".Please provide details of the proposed dates andnumber of securities for the further issues. This maybe the case, for example, if the Appendix 3B related toan accelerated pro rata offer with an institutionalcomponent being quoted on one date and a retailcomponent being quoted on a later date.	Updated Appendix 3B26 April 2023https://announcements.asx.com.au/asxpdf/20230426/pdf/45p0mtxdxhlbn7.pdfNew – proposed issue of securities RDNA standard +pro rata issue (nonrenounceable)Under the term of the Entitlement offer,remaining shortfall shares have yet to beplaced.
2.2b.1	Date of Appendix 3A.1 lodged with ASX inrelation to the underlying +dividend ordistributionAnswer this question if your response to Q2.1 is"Securities issued under a dividend or distributionplan".	N/A
2.2c.1	Please state the number and type ofoptions that were exercised or other+convertible securities that were converted(including their ASX security code)Answer this question if your response to Q2.1 is"Securities issued, transferred or re-classified as aresult of options being exercised or other convertiblesecurities being converted".	N/A
2.2c.2	And the date the options were exercised orother +convertible securities wereconvertedAnswer this question if your response to Q2.1 is"Securities issued, transferred or re-classified as aresult of options being exercised or other convertiblesecurities being converted".Note: If this occurred over a range of dates, enter thefirst date and last date of the period in which theoptions were exercised or convertible securities wereconverted.	N/A
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"Securities issued, transferred or re-classified as aresult of options being exercised or other convertiblesecurities being converted".	Yes or NoNote: If you have answered "No", consider whetheryou need to lodge an Appendix 3H with ASX notifyingASX of the cessation of some or all of the remainingoptions or other convertible securities under ListingRule 3.10.E. This may the case, for example, if optionshave lapsed because they have passed their expirydate without being exercised, or convertible debtsecurities have been repaid or redeemed withoutbeing converted.

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"Securities issued, transferred or re-classified as aresult of options being exercised or other convertiblesecurities being converted".		☐☐☐	An issue of new +securitiesA transfer of existing +securitiesA reclassification of the +convertiblesecurities as securities in the sameclass as the +underlying securities
2.2c.5	The underlying securities being received bythe holder are:Answer this question if your response to Q2.1 is"Securities issued, transferred or re-classified as aresult of options being exercised or other convertiblesecurities being converted".		☐☐by ASX☐quoted by ASX	Already quoted by ASXIntended to be, but are not yet, quotedAre not, and are not intended to be,
2.2c.6	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 "Securitiesissued, transferred or re-classified as a result of optionsbeing exercised or other convertible securities beingconverted".		N/A
2.2c.7	*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 "Securitiesissued, transferred or re-classified as a result of optionsbeing exercised or other convertible securities beingconverted" and your response to Q2.2c.6 is "Yes".		N/A
2.2c.7.a	*Provide details of the KMP or +associates who are exercising options or convertingconvertible securities.Answer this question if your response to Q2.1 is "Securities issued, transferred or re-classified as a result ofoptions being exercised or other convertible securities being converted", your response to Q2.2c.6 is "Yes" andyour response to Q2.2c.7 is "Yes". Repeat the detail in the table below for each KMP involved. If the options orother convertible securities are held by the KMP, repeat the name of the KMP or insert "Same" in "Name ofregistered holder". If the options or other convertible securities are held by an associate of a KMP, insert thename of the associate in "Name of registered holder".
	Name of KMP[200 characters]	Name of registered holder[200 characters]		Number of optionsbeing exercised orother +convertiblesecurities beingconverted[16 characters]
2.2d.1	Please state the number and type ofunquoted partly paid +securities (includingtheir ASX security code) that have beenfully paid up and that are now to becomequoted on ASXAnswer this question if your response to Q2.1 is "Partlypaid securities that have been fully paid up and arenow to become quoted fully paid securities".		N/A
2.2d.2	And the date the +securities were fully paidupAnswer this question if your response to Q2.1 is "Partlypaid securities that have been fully paid up and arenow to become quoted fully paid securities".Note: If this occurred over a range of dates, enter thedate the last of the securities was fully paid up.		N/A

2.2d.3	Is this all of the partly paid +securities onissue of that type (ie have all of those partlypaid securities now been fully paid up)?Answer this question if your response to Q2.1 is"Unquoted partly paid securities that have been fullypaid up and are now to become quoted fully paidsecurities".	Yes or NoNote: If you have answered "No", consider whetheryou need to lodge an Appendix 3H with ASX notifyingASX of the cessation of some or all of the remainingpartly paid securities under Listing Rule 3.10.E. Thismay the case, for example, if partly paid securities thathave not had the call paid by the due date will becancelled. If you are an NL company, consider alsowhether you have notification obligations in relation toany forfeiture of the partly paid securities not paid upunder Listing Rule 3.12.
2.2e.1	Please state the number and type of+restricted securities (including their ASXsecurity code) where the escrow period hasexpired or is about to expireAnswer this question if your response to Q2.1 is"Restricted securities where the escrow period hasexpired or is about to expire".	N/A
2.2e.2	And the date the escrow restrictions haveceased or will ceaseAnswer this question if your response to Q2.1 is"Restricted securities where the escrow period hasexpired or is about to expire".Note: If this occurred over a range of dates, enter thedate the last of the escrow restrictions has ceased orwill cease.	N/A
2.2f.1	Please state the number and type of+securities (including their ASX securitycode) previously issued under the+employee incentive scheme where therestrictions on transfer have ceased or areabout to ceaseAnswer this question if your response to Q2.1 is"Securities previously issued under an employeeincentive scheme where the restrictions on transferhave ceased or are about to cease".	N/A
2.2f.2	And the date the restrictions on transferhave ceased or will cease:Answer this question if your response to Q2.1 is"Securities previously issued under an employeeincentive scheme where the restrictions on transferhave ceased or are about to cease".Note: If this occurred over a range of dates, enter thedate the last of the restrictions on transfer has ceasedor will cease.	N/A
2.2g.1	Please state the number and type of+securities (including their ASX securitycode) issued under the +employeeincentive scheme that are not subject to arestriction on transfer or that are to bequoted notwithstanding there is a restrictionon transferAnswer this question if your response to Q2.1 is"Securities issued under an employee incentivescheme that are not subject to a restriction on transferor that are to be quoted notwithstanding there is arestriction on transfer".	N/A

2.2g.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 a summaryof the terms.		N/A
	Answer this question if your response to Q2.1 is"Securities issued under an employee incentivescheme that are not subject to a restriction on transferor that are to be quoted notwithstanding there is arestriction on transfer".
2.2g.3	*Are any of these +securities being issuedto +key management personnel (KMP) oran +associate		N/A
	Answer this question if your response to Q2.1 is"Securities issued under an employee incentivescheme that are not subject to a restriction on transferor that are to be quoted notwithstanding there is arestriction on transfer".
2.2g.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 arenot subject to a restriction on transfer or that are to be quoted notwithstanding there is a restriction on transfer"and your response to Q2.2g.3 is "Yes". Repeat the detail in the table below for each KMP involved in the issue. Ifthe securities are being issued to the KMP, repeat the name of the KMP or insert "Same" in "Name of registeredholder". If the securities are being issued to an associate of a KMP, insert the name of the associate in "Name ofregistered holder".
	Name of KMP	Name of registered holder		Number of +securities
	[200 characters]	[200 characters]		[16 characters]
2.2h.1	*Were the +securities issued for a cashconsideration?		N/A
	Answer this question if your response to Q2.1 is"Other".If the securities are being issued for nil cashconsideration, answer this question "No".
2.2h.1.a	*In what currency was the cashconsideration paid?		N/A
	Answer this question if your response to Q2.1 is"Other" and your response to Q2.2h.1 is "Yes".For example, if the consideration is being paid in
	Australian Dollars, state AUD.
2.2h.1.b	*What was the issue price per +security		N/A
	Answer this question if your response to Q2.1 is"Other" and your response to Q2.2h.1 is "Yes", and byreference to the issue currency provided in yourresponse to Q2.2h.1.a.
	Note: you cannot enter a nil amount here. If thesecurities are being issued for nil cash consideration,answer Q2.2h.1 as "No" and complete Q2.2h.1.c.
2.2h.1.c	Please describe the consideration providedfor the +securities		-
	Answer this question if your response to Q2.1 is"Other" and your response to Q2.2h.1 is "No".
2.2h.1.d	Please provide an estimate (in AUD) of thevalue of the consideration provided per+security for the +securities to be quoted		-
	Answer this question if your response to Q2.1 is"Other" and your response to Q2.2h.1 is "No".

Application for quotation of +securities

2.2h.2	*The purpose(s) for which the entity isissuing the +securities is: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 pay for the acquisition of an asset[provide details below]☐ To pay for services rendered[provide details below]☐ Other [provide details below]Additional details:
2.2h.3	*Please provide any further informationneeded to understand the circumstances inwhich you are applying to have these+securities quoted on ASX, including whythe issue of the +securities has not beenpreviously announced 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".	-
2.2i	*Have these +securities been offered undera +disclosure document or +PDS?Answer this question if your response to Q2.1 is"Other".	N/A
2.2i.1	*Date of +disclosure document or +PDS?Answer this question if your response to Q2.1 is"Other" and your response to Q2.2i is "Yes".Under the Corporations Act, the entity must apply forquotation of the securities within 7 days of the date ofthe disclosure document or PDS.	N/A

2.3	*Any on-sale of the +securities to be quotedwithin 12 months of their date of issue willcomply with the secondary sale provisionsin sections 707(3) and 1012C(6) of theCorporations Act by virtue of:Answer this question if your response to Q2.1 is"Other" and your response to Q2.2i is "No".Note: Under Appendix 2A of the Listing Rules, whenthe entity applies for quotation of securities, it gives awarranty that an offer of the securities for sale within12 months after their issue will not require disclosureunder section 707(3) or 1012C(6) of the CorporationsAct.If you are in any doubt as to the application of, or theentity's capacity to give, this warranty, please seeASIC Regulatory Guide 173 Disclosure for on-sale ofsecurities and other financial products and consultyour legal adviser.	☐☐☐☐☐	The publication of a +disclosuredocument or +PDS for the +securitiesto be quotedThe publication of a cleansing noticeunder section 708A(5), 708AA(2)(f),1012DA(5) or 1012DAA(2)(f)The publication of a +disclosuredocument or +PDS involving the sameclass of securities as the +securities tobe quoted that meets the requirementsof section 708A(11) or 1012DA(11)An applicable ASIC instrument or classorderNot applicable – the entity hasarrangements in place with the holderthat ensure the securities cannot be onsold within 12 months in a manner thatwould breach section 707(3) or1012C(6)Note: Absent relief from ASIC, a listed entity can onlyissue a cleansing notice where trading in the relevant
		securities has not been suspended for more than5 days during the shorter of: (a) the period duringwhich the class of securities are quoted; and (b) theperiod of 12 months before the date on which therelevant securities under the offer were issued.
2.4	*The +securities to be quoted are:Tick whichever is applicable		☒ Additional +securities in a class that isalready quoted on ASX ("existingclass")
			☐ New +securities in a class that is not yetquoted on ASX ("new class")

Part 3A – number and type of +securities to be quoted (existing class 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".

QuestionNo.	Question		Answer
3A.1	*ASX security code & description		RDN
3A.2	*Number of +securities to be quoted		200,686,473
3A.3	Any other information the entity wishes toprovide about the +securities to be quoted		Issue under Entitlement Issue Prospectushttps://announcements.asx.com.au/asxpdf/20230411/pdf/45nj8mly8hs1hh.pdf
3A.4	*Provide a distribution schedule for the new +securities according to the categories set outin the left hand column – including the number of recipients and the total percentage of thenew +securities held by the recipients in each category.Number of +securities heldNumber of holders+securities held
				Total percentage of
	1 – 1,000
	1,001 – 5,000
	5,001 – 10,000
	10,001 – 100,000
	100,001 and over
	Answer this question only if you are an ASX Listing (ASX Foreign Exempt Listings and ASX Debt Listings do nothave to answer this question), your response to Q2.4 is "new class" and the securities to be quoted have alreadybeen issued.
	received by each of those recipients, and a distribution schedule for the securities when they are issued.			Note: if the securities to be quoted have not yet been issued, under listing rule 3.10.5, you will need to provide toASX a list of the 20 largest recipients of the new securities, and the number and percentage of the new securities

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:

Note: the figures provided in the tables in sections 4.1 and 4.2 below are used to calculate the total market capitalisation of the entity published by ASX from time to time. Please make sure you include in the relevant table each class of securities issued by the entity.

If you have quoted CHESS Depository Interests (CDIs) issued over your securities, include them in the table in section 4.1 and include in the table in section 4.2 any securities that do not have CDIs issued over them (and therefore are not quoted on ASX).

Restricted securities should only be included in the table in section 4.1 if you are applying to have them quoted because the escrow period for the securities has expired or is about to expire. Otherwise include them in the table in section 4.2.

4.1	*Quoted +securities (total number of each +class of +securities quoted on ASX followingthe +quotation of the +securities the subject of this application)
	ASX security code and description	Total number of +securities on issue
	RDN Ordinary Fully Paid Shares	2,055,268,930
	RDNO Listed Options @ $0.04 EXP 31/12/2023	50,000,000
	RDNOA Options @ $0.015 Exp 30/11/2024	481,488,180
4.2	*Unquoted +securities (total number of each +class of +securities issued but not quotedon ASX):
	ASX security code and description	Total number of +securities on issue
	RDNAH Performance Rights	73,000,000

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/distribution plan";
• "Securities issued under an employee incentive scheme that are not subject to a restriction on transfer or that are to be quoted notwithstanding there is a restriction on transfer"; 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", it is assumed that you will have provided the information referred to in this Part in the Appendix 3B.

QuestionNo.	Question	Answer
5.1	*Are the +securities being issued under anexception in Listing Rule 7.2 and thereforethe issue does not need any security holderapproval under Listing Rule 7.1?	Yes
5.1a	Enter the number of the applicableexception in Listing Rule 7.2Answer this question is your response to Q5.1 is "Yes"Note this should be a number between 1 and 17.	Exception 1

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".	N/A
	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".	N/A
	If the response to Q5.2b is "Yes", please complete andseparately send by email to your ASX listingscompliance adviser a work sheet in the form ofAnnexure B to Guidance Note 21 confirming the entityhas the available capacity under listing rule 7.1 toissue 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?	N/A
	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 listingscompliance adviser a work sheet in the form ofAnnexure C to Guidance Note 21 confirming the entityhas the available capacity under listing rule 7.1A toissue that number of securities.

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