Sarama Resources Ltd. — Capital/Financing Update 2024

Sep 15, 2024

Announcement Summary

Entity name

SARAMA RESOURCES LTD

Announcement Type

New announcement

Date of this announcement

Monday September 16, 2024

The +securities to be quoted are:

Total number of +securities to be quoted +Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

ASX +securitycode	Security description	Number of +securities tobe quoted	Issue date
SRR	CHESS DEPOSITARY INTERESTS 1:1	5,000,000	13/09/2024

Refer to next page for full details of the announcement

Part 1 - Entity and announcement details

1.1 Name of entity

SARAMA RESOURCES 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

ARBN

Registration number

143964649

1.3 ASX issuer code

SRR

1.4 The announcement is 1.5 Date of this announcement New announcement

16/9/2024

Part 2 - Type of Issue

2.1 The +securities to be quoted are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Previous Appendix 3B details:
Announcement Title	Selected Appendix 3B to submit quotationrequest
New - Proposed issue of securities -	A placement or other type of issue
	SRR

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

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

SRR : CHESS DEPOSITARY INTERESTS 1:1

Issue date

13/9/2024

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		%

Issue details

Number of +securities to be quoted5,000,000
Are the +securities being issued for a cash consideration?YesIn what currency is the cash consideration being paid?	What is the issue price per +security?
AUD - Australian Dollar	AUD 0.02000000
Any other information the entity wishes to provide about the +securities to be quoted

Part 4 - Issued capital following quotation

Following the quotation of the +securities the subject of this application, the issued capital of the entity willcomprise:
The figures in parts 4.1 and 4.2 below are automatically generated and may not reflect the entity's current issued capital ifother 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 quoted on ASX following the +quotation of the+securities subject of this application)
ASX +security code and description	Total number of+securities on issue
SRR : CHESS DEPOSITARY INTERESTS 1:1	144,473,181

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
SRRAN : OPTION EXPIRING 14-JUN-2026 EX $0.15	1,312,180
SRRAA : OPTION EXPIRING 22-APR-2025 RESTRICTED	2,500,000
SRRAO : OPTION EXPIRING 21-JUN-2026 EX $0.15	1,812,820
SRRAI : OPTION EXPIRING 19-JAN-2025 EX CAD $0.20	2,721,665
SRRAB : ORDINARY FULLY PAID	89,448,988
SRRAP : OPTION EXPIRING 23-JUL-2027 EX $0.03	5,400,000
SRRAM : OPTION EXPIRING 20-APR-2026 EX $0.16	6,809,999
SRRAL : OPTION EXPIRING 13-APR-2026 EX $0.15	6,875,000