RED MOUNTAIN MINING LIMITED — Capital/Financing Update 2024

Apr 10, 2024

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11 April 2024

Despatch of Prospectus and

En�tlement and Acceptance Form

Red Mountain Mining Ltd (ASX: RMX) ( Company ) refers the following:

• (a) a non-renounceable rights issue of one (1) Share for every three (3) Shares held by those Shareholders registered at 7:00pm (AEST) on 8 April 2024 ( Record Date ) at an issue price of $0.001 per Share together with one (1) free New Option for every two (2) Shares applied for and issued to raise up to approximately $891,192 (based on the number of Shares on issue as at the Record Date) ( Entitlement Issue ); and

• (b) the offer of an aggregate of 310,000,000 New Options to selected applicants ( Options Offer ),

(together, the Offer ).

accordance with the Offer �metable as set out in the Prospectus. A copy of the leter despatched to eligible shareholders is enclosed with this announcement.

set out in the leter.

been despatched.

This announcement is authorised by the Board of Red Mountain Mining Limited.

If you have any query or ques�on about the En�tlement Issue, please contact RMX’s share registrar as follows:

Automic Registry Services

Email: hello@automicgroup.com.au

Phone: 1300 288 664 (within Australia), or +61 2 9698 5414 (interna�onal) between 8:30 am and 6:00pm (AEST) Monday to Friday.

Yours faithfully

Mauro Piccini

Company Secretary Red Mountain Mining Limited

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11 April 2024

Dear Shareholder

Important no�ce

As announced on 22 March 2024, Red Mountain Mining Ltd (ACN (119 568 106)) ( RMX or the Company ) is undertaking the following offers:

• (a) a non-renounceable rights issue of one (1) Share for every three (3) Shares held by those Shareholders registered at 7:00pm (AEST) on 8 April 2024 ( Record Date ) at an issue price of $0.001 per Share together with one (1) free New Option for every two (2) Shares applied for and issued to raise up to approximately $891,192 (based on the number of Shares on issue as at the Record Date) ( Entitlement Issue ); and

• (b) the offer of an aggregate of 310,000,000 New Options to selected applicants ( Options Offer ),

(together, the Offer ).

Prospectus ) with ASIC and ASX on 26 March 2024, which is available to view on the Company’s website and ASX pla�orm.

( Underwriter ). The Company must pay the Underwriter an underwri�ng fee of 6% of the total amount raised pursuant to the En�tlement Offer.

explore the Company’s farm-in of Liontown Resources (LTR) Monjebup Rare Earth Project, explore the Company’s exis�ng asset por�olio and review poten�al new ventures. For further specifics of the use of funds please refer to sec�on 3 of the Prospectus.

subscrip�on is raised, the Company will have issued approximately 891,192,013 Shares and 445,596,007 New Op�ons resul�ng in total Shares on issue of 3,564,768,050 and total Op�ons on issue of 1,129,683,113.

Eligible Shareholders

We are wri�ng to you as an eligible shareholder on the Record Date, en�tled to par�cipate in the En�tlement Issue, only.

RMX will not be prin�ng and dispatching hard copies of the Prospectus and En�tlement and Acceptance Forms. Instead, an electronic copy of the Prospectus and your En�tlement and Acceptance Form is available and accessible by you (using your Securityholder Reference Number (SRN) or Holder Iden�fica�on Number (HIN) from your latest Holding Statement, and your postcode) at the following link: htps://investor.automic.com.au.

personalized En�tlement and Acceptance Form. Frac�onal en�tlements will be rounded down to the nearest whole number.

Shareholders should read the Prospectus in full prior to making an applica�on under the En�tlement Issue. Your applica�on under the En�tlement Issue must be made by making payment in accordance with the personalised payment instruc�ons on your En�tlement and Acceptance Form which is available through Automic's online facility.

You do not need to return your En�tlement and Acceptance Form.

To download the Prospectus and your En�tlement and Acceptance Form you have the following three (3) choices:

I already have an online account with the Automic Share registry	htps://investor.automic.com.au Select: “Exis�ng Users Sign In”. Once you have successfully signed in, click on “Documents and Statements”. Download the Prospectus and En�tlement and Acceptance Form. Submit your payment using the payment details provided on your En�tlement and Acceptance Form. Do not return your En�tlement and Acceptance Form.
I don’t have an online account with Automic – but wish to register for one	htps://investor.automic.com.au/#/signup Select: RMX from the dropdown list in the ISSUER feld. Enter your holder number SRN / HIN (from your latest Holding Statement). Enter your Postcode (Aust only) or Country of Residence (if not Australia). Tick box “I am not a robot”, then Next Complete prompts. Once you have successfully signed in, click on “Documents and Statements”. Download the Prospectus and En�tlement and Acceptance Form. Submit your payment using the payment details provided on your En�tlement and Acceptance Form. Do not return your En�tlement and Acceptance Form.
I don’t have an online account with Automic – but want to use Automic for this Ofer only	htps://investor.automic.com.au/#/loginsah Select: RMX from the dropdown list in the ISSUER feld. Enter your holder number SRN / HIN (from your latest Holding Statement). Enter your Postcode (Aust only) or Country of Residence (if not Australia). Tick box “I am not a robot”, then Access. Once you have successfully signed in, click on “Documents and Statements”.

Download the Prospectus and En�tlement and Acceptance Form. Submit your payment using the payment details provided on your En�tlement and Acceptance Form. Do not return your En�tlement and Acceptance Form.

If you are unable to access htps://investor.automic.com.au online, you can obtain a copy of the Prospectus and your En�tlement and Acceptance Form – ini�ally by calling Automic Group on 1300 288 664 or emailing hello@automicgroup.com.au and asking them to mail a paper copy of the Prospectus and your En�tlement and Acceptance Form to you free of charge. A�er your request has been acknowledged by Automic you will need to provide your SRN or HIN and postcode to complete this request. To apply under the En�tlement Issue using these paper copy documents, you will s�ll need to make payment via BPAY® or via Electronic Funds Transfer (EFT).

The En�tlement Issue closes at 5:00 pm (AWST �me) on 22 April 2024, unless the Directors extend the Closing Date by giving at least three (3) Business Days’ no�ce to ASX prior to the Closing Date.

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These dates are indica�ve only and subject to change. RMX reserves the right to change any date including to extend the closing date of the En�tlement Issue, to close the En�tlement Issue early, to accept late acceptances either generally or in par�cular cases, or to withdraw or reduce the size of the En�tlement Issue without no�ce. Any extension of the closing date will have a consequen�al effect on the issue date of new shares.

If you have any query or ques�on about the En�tlement Issue, please contact RMX’s share registrar as follows:

Automic Registry Services

Email: hello@automicgroup.com.au

Phone: 1300 288 664 (within Australia), or +61 2 9698 5414 (interna�onal) between 8:30 am and 6:00pm (AEST) Monday to Friday.

Yours faithfully

Mauro Piccini

Company Secretary Red Mountain Mining Limited