RED MOUNTAIN MINING LIMITED — Share Issue/Capital Change 2026

Feb 2, 2026

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Announcement Summary

Entity name

RED MOUNTAIN MINING LIMITED

Date of this announcement

Tuesday February 03, 2026

The +securities the subject of this notification are: Other

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
New class - code	Class A Performance Options	38,670,000	03/02/2026
to be confirmed
New class - code	Class B Performance Options	38,670,000	03/02/2026
to be confirmed
New class - code	Class C Performance Options	38,660,000	03/02/2026
to be confirmed

Refer to next page for full details of the announcement

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 1 - Entity and announcement details

1.1 Name of entity

RED MOUNTAIN MINING LIMITED

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type Registration number ABN 40119658106

1.3 ASX issuer code

RMX

1.4 The announcement is

New announcement

1.5 Date of this announcement

3/2/2026

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

Other

Please specify

incentive performance options

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

does not have an existing ASX security code ("new class")

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Part 3C - number and type of +securities the subject of this notification (new class)

New +securities

ASX +security code +Security description New class - code to be confirmed Class A Performance Options +Security type ISIN code Options Date the +securities the subject of this notification were issued 3/2/2026 Will all the +securities issued in this class rank equally in all respects from their 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 Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-03042843-6A1305811&v=undefined

Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.00010000 3/2/2028 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

RMX : ORDINARY FULLY PAID

Any other information the entity wishes to provide about the +securities the subject of this notification

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

subject to shareholder approval which was received at the GM held on 3 Feb 2026.

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Issue details

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Number of +securities

38,670,000

Were the +securities issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

performance options

Purpose of the issue

Other Additional Details incentives

New +securities

ASX +security code +Security description New class - code to be confirmed Class B Performance Options +Security type ISIN code Options Date the +securities the subject of this notification were issued 3/2/2026

Will all the +securities issued in this class rank equally in all respects from their 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 Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-03042843-6A1305811&v=undefined

Options Details
+Security currency	Exercise price	Expiry date
AUD - Australian Dollar	AUD 0.00010000	3/2/2029

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

RMX : ORDINARY FULLY PAID

Any other information the entity wishes to provide about the +securities the subject of this notification

Please provide any further information needed to understand the circumstances in which you are notifying the

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issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

subject to shareholder approval which was received at the GM held on 3 Feb 2026.

Issue details

Number of +securities 38,670,000

Were the +securities issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

incentives

Purpose of the issue Other Additional Details

New +securities

ASX +security code +Security description New class - code to be confirmed Class C Performance Options +Security type ISIN code Options Date the +securities the subject of this notification were issued 3/2/2026 Will all the +securities issued in this class rank equally in all respects from their 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 Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-03042843-6A1305811&v=undefined

Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.00010000 3/2/2030

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

RMX : ORDINARY FULLY PAID

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Any other information the entity wishes to provide about the +securities the subject of this notification

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

subject to shareholder approval which was received at the GM held on 3 Feb 2026.

Issue details

Number of +securities

38,660,000 Were the +securities issued for a cash consideration? No

Please describe the consideration being provided for the +securities

incentives Purpose of the issue Other

Additional Details

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this notification, the +securities 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 issued and quoted on ASX)

	Total number of
ASX +security code and description	+securities on issue
RMX : ORDINARY FULLY PAID	941,096,435
RMXOK : OPTION EXPIRING 14-SEP-2026	24,886,250
RMXO : OPTION EXPIRING 10-MAY-2027	351,015,963

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

	Total number of
ASX +security code and description	+securities on issue
New class - code to be confirmed : Class A Performance Options	38,670,000
New class - code to be confirmed : Class B Performance Options	38,670,000
New class - code to be confirmed : Class C Performance Options	38,660,000

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Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did 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

3/2/2026

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