RAIDEN RESOURCES LIMITED — Capital/Financing Update 2024

Aug 26, 2024

27 AUGUST 2024

The Manager Company Announcements Office ASX Limited Level 6, 20 Bridge Street SYDNEY NSW 2000

NOTICE UNDER SECTION 708A(5)(e) OF THE CORPORATIONS ACT

Raiden Resources Limited (ASX: RDN DAX: YM4) ( Company ) confirms that on the 26 August 2024 it issued 4,822,435 fully paid ordinary shares in the capital of the Company ( Shares ) on the exercise of 4,822,435 Listed Options RDNOA at an exercise price of $0.015 and an expiry date of 30 November 2024.

In respect of the Share issue, the Company gives notice pursuant to section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Corporations Act ) that:

1. the Company issued the Shares without disclosure to investors under Part 6D.2 of the Corporations Act; and

2. as at the date of this notice, the Company has complied with:

   • a) the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

   • b) section 674 and 674A of the Corporations Act; and

3. as at the date of this notice, there is no information to be disclosed which is excluded information (as defined in section 708A(7) and 708A(8) of the Corporations Act), other than is set out below:

   • a) as announced on 9 August 2023, the Company is continuing with its strategy of assessing opportunities to divest non-core assets within its portfolio, whilst advancing the lithium potential over its Pilbara projects. As announced on 13 December 2023, the Company entered into a Memorandum of Understanding with First Quantum Minerals Australia in regard to a partnership over the Mt Sholl ni-Cu-PGE project. The parties are anticipated to enter into a binding agreement in the following months. The Company is also currently in early-stage, incomplete and confidential negotiations with third parties with respect to the proposed terms of any divestment of its other non-core assets. Until the material commercial terms have been agreed, there can be no guarantee that such negotiations will lead to the announcement or completion of a binding agreement. The Company will keep the market informed in accordance with its continuous disclosure obligations; and

   • b) the Company continues to identify and review other commercial opportunities for the Company which complement the Company’s existing projects and activities. Negotiations with third parties are early stage, incomplete and confidential. There can be no certainty that any agreement or agreements will be reached, or that any transaction will eventuate. The Company will keep the market informed in accordance with its continuous disclosure obligations.

An Appendix 2A applying for quotation of the shares is to be lodged within the prescribed time frame.

This notice is authorised for ASX release by the Board of Raiden Resources Limited.

Yours faithfully,

KYLA GARIC

Non Executive Director & Company Secretary

P 08 6158 9990 F 08 6154 6447 Suite 7, 63 Shepperton Rd, Victoria Park, WA Australia 6001 ABN 68 009 161 522