RAPTOR METALS LTD — Share Issue/Capital Change 2026

May 11, 2026

Appendix 2A - Application for quotation of securities

Announcement Summary

Entity name
RAPTOR METALS LTD

Announcement Type
New announcement

Date of this announcement
Tuesday May 12, 2026

The +securities to be quoted are:
+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Total number of +securities to be quoted

ASX +security code	Security description	Number of +securities to be quoted	Issue date
RAP	ORDINARY FULLY PAID	8,375,384	12/05/2026

Refer to next page for full details of the announcement

Appendix 2A - Application for quotation of securities
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Appendix 2A - Application for quotation of securities

Part 1 - Entity and announcement details

1.1 Name of entity

RAPTOR METALS LTD

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1.2 Registered number type

ACN

Registration number

643902943

1.3 ASX issuer code

RAP

1.4 The announcement is

New announcement

1.5 Date of this announcement

12/5/2026

Appendix 2A - Application for quotation of securities

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Appendix 2A - Application for quotation of securities

Part 2 - Type of Issue

2.1 The +securities to be quoted are:
+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Previous Appendix 3B details:
| Announcement Date and Time | Announcement Title | Selected Appendix 3B to submit quotation request |
| --- | --- | --- |
| 07-May-2026 10:12 | New - Proposed issue of securities - RAP | A placement or other type of issue |

2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B?
No

Appendix 2A - Application for quotation of securities

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Appendix 2A - Application for quotation of securities

Part 3A - number and type of +securities to be quoted where issue has previously been notified to ASX in an Appendix 3B

Placement Details

ASX +security code and description

RAP : ORDINARY FULLY PAID

Issue date

12/5/2026

Distribution Schedule

Provide a distribution schedule for the new +securities according to the categories set out in the left hand column - including the number of recipients and the total percentage of the new +securities held by the recipients in each category.

| Number of +securities held | Number of holders | Total percentage of +securities held
For example, to enter a value of 50%
please input as 50.00 |
| --- | --- | --- |
| 1 - 1,000 | | % |
| 1,001 - 5,000 | | % |
| 5,001 - 10,000 | | % |
| 10,001 - 100,000 | | % |
| 100,001 and over | | % |

Appendix 2A - Application for quotation of securities

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Appendix 2A - Application for quotation of securities

Issue details

Number of +securities to be quoted
6,141,948

Are the +securities being issued for a cash consideration?
No

Please describe the consideration being provided for the +securities
Shares issued in consideration for the acquisition of complementary assets as announced on 7 May 2026

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted
0.044800

Any other information the entity wishes to provide about the +securities to be quoted

Number of +securities to be quoted
2,233,436

Are the +securities being issued for a cash consideration?
No

Please describe the consideration being provided for the +securities
Facilitation fee

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted
0.044800

Any other information the entity wishes to provide about the +securities to be quoted

Appendix 2A - Application for quotation of securities
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Appendix 2A - Application for quotation of 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:

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 quoted on ASX following the +quotation of the +securities subject of this application)

ASX +security code and description	Total number of +securities on issue
RAP : ORDINARY FULLY PAID	394,912,507

4.2 Unquoted +securities (total number of each +class of +securities issued but not quoted on ASX)

ASX +security code and description	Total number of +securities on issue
RAPAB : ORDINARY FULLY PAID RESTRICTED	52,987,038
RAPAC : OPTION EXPIRING 26-FEB-2027 RESTRICTED	1,000,000
RAPAD : OPTION EXPIRING 26-FEB-2027 RESTRICTED	5,000,000
RAPAG : OPTION EXPIRING 22-DEC-2028 RESTRICTED	2,083,333
RAPAJ : OPTION EXPIRING 22-DEC-2028 RESTRICTED	41,666,667
RAPAK : PERFORMANCE RIGHTS RESTRICTED	87,252,425
RAPAA : ORDINARY FULLY PAID RESTRICTED	189,653,472
RAPAL : PERFORMANCE RIGHTS RESTRICTED	78,527,255
RAPAM : OPTION EXPIRING 22-DEC-2028 EX $0.03	231,035,527
RAPAH : OPTION EXPIRING 09-JUN-2026 EX $0.20	10,168,860
RAPAN : PERFORMANCE RIGHTS	9,220,301
RAPAI : OPTION EXPIRING 18-JUL-2027 EX $0.12	5,000,000

Appendix 2A - Application for quotation of securities