RESOURCE BASE LIMITED. — Capital/Financing Update 2023

Apr 30, 2023

Announcement Summary

Entity name

RESOURCE BASE LIMITED.

Date of this announcement

Monday May 01, 2023

The +securities the subject of this notification are: Other

Total number of +securities to be issued/transferred

ASX +securitycode	Security description	Total number of+securities to beissued/transferred	Issue date
New class - codeto be confirmed	Unlisted option exercisable at $0.20 each on orbefore 1 May 2026	2,000,000	01/05/2023
New class - codeto be confirmed	Performance Rights	8,000,000	01/05/2023

Refer to next page for full details of the announcement

Part 1 - Entity and announcement details

1.1 Name of entity

RESOURCE BASE 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

ABN

Registration number

57113385425

1.3 ASX issuer code RBX

1.4 The announcement is

New announcement

1.5 Date of this announcement

1/5/2023

Part 2 - Issue details

2.1 The +securities the subject of this notification are:

Other

Please specify

Refer Appendix 3B dated 24 February 2023

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")

Equity Securities

Part 3C - number and type of +securities the subject of this notification (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	Unlisted option exercisable at $0.20 each on or before 1May 2026

+Security type

ISIN code

Options

Date the +securities the subject of this notification were issued

1/5/2023

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/2924-02646197-6A1141826?access\_token=8 3ff96335c2d45a094df02a206a39ff4

Options Details

+Security currency AUD - Australian Dollar Exercise price AUD 0.20000000 Expiry date 1/5/2026

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

Other

Equity Securities

Description

ASX:RBX ordinary shares

the market in an Appendix 3B

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

Refer Appendix 3B dated 24 February 2023

Issue details

Number of +securities

2,000,000

Were the +securities issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

The options are being issued in relation to introductory services relating to the James Bay Lithium acquisition

Purpose of the issue

To pay for services rendered

Additional Details

New +securities

ASX +security code	+Security description
New class - code to be confirmed	Performance Rights

ISIN code

+Security type

Other

Date the +securities the subject of this notification were issued

1/5/2023

Equity Securities

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

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/2924-02646197-6A1141826?access\_token=8 3ff96335c2d45a094df02a206a39ff4

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

Refer Appendix 3B dated 24 February 2023

Issue details

Number of +securities

8,000,000

Were the +securities issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

Part consideration for the acquisition of the James Bay Lithium projects

Purpose of the issue

To pay for the acquisition of an asset

Additional Details

Name of company or asset being acquired

James Bay Lithium projects

Equity Securities

Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities ofthe 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 oneapplication for quotation/issuance currently with ASX for processing.)
4.1 Quoted +Securities (Total number of each +class of +securities quoted)
ASX +security code and description	Total number of+securities on issue
RBX : ORDINARY FULLY PAID	57,069,830
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
RBXAG : OPTION EXPIRING 23-NOV-2024 EX $0.25	5,500,000
RBXAI : PERFORMANCE RIGHTS	2,000,000

RBXAD : OPTION EXPIRING 05-JUL-2024 RESTRICTED	2,500,000

RBXAE : OPTION EXPIRING 05-JUL-2026 RESTRICTED 7,185,640

RBXAL : OPTION EXPIRING 14-DEC-2027 EX $0.20 3,000,000

New class - code to be confirmed : Unlisted option exercisable at $0.20 each on or before 1 May 2026 2,000,000

RBXAC : ORDINARY FULLY PAID RESTRICTED 8,614,655

New class - code to be confirmed : Performance Rights 8,000,000

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

21/4/2023

Equity Securities