RESOLUTION MINERALS LTD — Capital/Financing Update 2021

Nov 11, 2021

Application for quotation of +securities

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Announcement Summary

Entity name

RESOLUTION MINERALS LTD

Announcement Type

New announcement

Date of this announcement

Friday November 12, 2021

The +securities to be quoted are:

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+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		Number of +securities to
code	Security description	be quoted	Issue date
RML	ORDINARY FULLY PAID	16,243,762	12/11/2021

Refer to next page for full details of the announcement

Application for quotation of +securities

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Application for quotation of +securities

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Part 1 - Entity and announcement details

1.1 Name of entity

RESOLUTION MINERALS 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

ABN

Registration number 99617789732

1.3 ASX issuer code

RML

1.4 The announcement is

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New announcement

1.5 Date of this announcement

12/11/2021

Application for quotation of +securities

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Application for quotation of +securities

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Part 2 - Type of Issue

2.1 The +securities to be quoted are:

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+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	Announcement Title	Selected Appendix 3B to submit quotation
Time		request
11-Nov-2021 13:38	New - Proposed issue of securities -	A placement or other type of issue
	RML

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

Application for quotation of +securities

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Application for quotation of +securities

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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 RML : ORDINARY FULLY PAID

Issue date

12/11/2021

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.

		Total percentage of +securities held
Number of +securities held	Number of holders	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		%

Application for quotation of +securities

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Application for quotation of +securities

Issue details

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Number of +securities to be quoted

2,469,984

Are the +securities being issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

A 12 month option to purchase a 100% interest in two granted Murphy Project tenements (EL31287 and EL32229) in the Northern Territory - $50,000 consideration.

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

0.020200

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

ASX +security code and description

RML : ORDINARY FULLY PAID

Issue date

12/11/2021

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.

		Total percentage of +securities held
Number of +securities held	Number of holders	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		%

Application for quotation of +securities

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Application for quotation of +securities

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Issue details

Number of +securities to be quoted

13,773,778

Are the +securities being issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Consideration for the final stage of the outright purchase of the Benmara Project (EL32228) in the Northern Territory - $250,000 consideration.

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

0.018000

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

Application for quotation of +securities

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Application for quotation of +securities

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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:

(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)

	Total number of
ASX +security code and description	+securities on issue
RML : ORDINARY FULLY PAID	635,266,599
RMLOB : OPTION EXPIRING 30-SEP-2023	74,634,643
RMLOA : OPTION EXPIRING 30-JUN-2022	6,096,558

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
RMLAH : PERFORMANCE RIGHTS	11,400,000
RMLAE : PERFORMANCE SHARES CLASS A	9,600,000
RMLAF : PERFORMANCE SHARES CLASS B	3,575,000
RMLAI : OPTION EXPIRING 30-NOV-2022 EX VARIOUS PRICES	13,400,000
RMLAJ : OPTION EXPIRING 15-APR-2022 EX $0.042	59,053,569

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