Sarama Resources Ltd. — Share Issue/Capital Change 2025

Jun 10, 2025

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

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Announcement Summary

Entity name

SARAMA RESOURCES LTD

Date of this announcement

Wednesday June 11, 2025

The +securities the subject of this notification are:

+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

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	OPTION EXPIRING 02-APR-2028 EX $0.04	4,550,000	11/06/2025
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

SARAMA RESOURCES LTD

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 ARBN 143964649

1.3 ASX issuer code

SRR

1.4 The announcement is

New announcement

1.5 Date of this announcement

11/6/2025

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

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

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)

ASX +security codeNew class - code to be confirmed	+Security descriptionOPTION EXPIRING 02-APR-2028 EX $0.04
+Security type	ISIN code
Options

Date the +securities the subject of this notification were issued

11/6/2025

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

Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
Andrew Dinning	Same	1,800,000
Simon Jackson	Same	750,000
Adrian Byass	Same	1,250,000
Michael Bohm	Same	750,000

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/2924-02945863-6A1264248&v=04711220c3a 57065317ba4efca4a3459a4e46882

Options Details

+Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.04000000 2/4/2028

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

SRR : CHESS DEPOSITARY INTERESTS 1:1

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

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Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02945863-6A1264248&v=04711220c3a 57065317ba4efca4a3459a4e46882

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

Subject to shareholder approval which was obtained at the annual general meeting held 11/06/25

Issue details

Number of +securities

4,550,000

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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
SRR : CHESS DEPOSITARY INTERESTS 1:1	272,151,154
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
SRRAN : OPTION EXPIRING 14-JUN-2026 EX $0.15	1,312,180
SRRAO : OPTION EXPIRING 21-JUN-2026 EX $0.15	1,812,820
SRRAR : OPTION EXPIRING 30-NOV-2028 EX $0.09	30,666,666
SRRAS : PERFORMANCE RIGHTS	8,250,000
SRRAQ : OPTION EXPIRING 05-DEC-2026 EX $0.05	7,500,000
SRRAB : ORDINARY FULLY PAID	88,919,367
SRRAP : OPTION EXPIRING 23-JUL-2027 EX $0.03	9,900,000
SRRAM : OPTION EXPIRING 20-APR-2026 EX $0.16	6,809,999
SRRAL : OPTION EXPIRING 13-APR-2026 EX $0.15	6,875,000
New class - code to be confirmed : OPTION EXPIRING 02-APR-2028 EX $0.04	4,550,000

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

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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? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

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