RED MOUNTAIN MINING LIMITED — Capital/Financing Update 2023

Sep 28, 2023

Announcement Summary

Entity name

RED MOUNTAIN MINING LIMITED

Announcement Type

New announcement

Date of this announcement

Friday September 29, 2023

The +securities to be quoted are:

Other

Total number of +securities to be quoted

ASX +securitycode	Security description	Number of +securities tobe quoted	Issue date
New class - codeto be confirmed	RMXOK - Quoted Options (exercisable at $0.008,expiring 14 September 2026)	218,862,500	29/09/2023

Refer to next page for full details of the announcement

Part 1 - Entity and announcement details

1.1 Name of entity

RED MOUNTAIN MINING LIMITED

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 ABN

Registration number 40119658106

1.3 ASX issuer code RMX

1.4 The announcement is

New announcement

1.5 Date of this announcement

29/9/2023

Part 2 - Type of Issue

2.1 The +securities to be quoted are:

Other

2.2 The +securities to be quoted are:

New +securities in a class that is not yet quoted on ASX ("new class")

2.3c Have these +securities been offered under a +disclosure document or +PDS? Yes

2.3c.1 Date of +disclosure document or +PDS?

18/9/2023

2.3d Please provide any further information needed to understand the circumstances in which you are applying to have these +securities quoted on ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

https://announcements.asx.com.au/asxpdf/20230919/pdf/05v0wbg52q9p99.pdf

Part 3C - number and type of +securities to be quoted (new class) where issue has not previously been notified to ASX in an Appendix

3B

New +securities

ASX +security code	+Security description
New class - code to be confirmed	RMXOK - Quoted Options (exercisable at $0.008, expiring14 September 2026)
+Security type	ISIN code
Options	AU0000298556

Issue date

29/9/2023

Will all the +securities issued in this class rank equally in all respects from the issue date? Yes

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

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 heldFor 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	114	100.00 %

Options Details

+Security currency

AUD - Australian Dollar

Exercise price AUD 0.00800000 Expiry date 14/9/2026

Details of the type of +security that will be issued if an option is exercised

Other

Description

Quoted Options (exercisable at $0.008, expiring 14 September 2026)

Number of +securities that will be issued if an option is exercised

1 share issued for 1 option exercised.

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities to be quoted or provide the information by separate announcement.

https://announcements.asx.com.au/asxpdf/20230919/pdf/05v0wbg52q9p99.pdf

Issue details

Number of +securities to be quoted

218,862,500

Are the +securities being issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

free attached option regarding SPP participation

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

0.000000

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

The purpose(s) for which the entity is issuing the securities

Other

Please provide additional details

free attaching options

Part 4 - Issued capital following quotation

comprise: (A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance 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
RMX : ORDINARY FULLY PAID	2,673,576,037
New class - code to be confirmed : RMXOK - Quoted Options (exercisable at $0.008,expiring 14 September 2026)	218,862,500

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
RMXAE : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	155,224,606
RMXAAB : PERFORMANCE RIGHTS	205,128,206

Part 5 - Other Listing Rule requirements

5.1 Are the +securities being issued under an exception in Listing Rule 7.2 and therefore the issue does not need any security holder approval under Listing Rule 7.1? No

5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? Yes

5.2a Date of meeting or proposed meeting to approve the issue under listing rule 7.1 18/9/2023