STRICKLAND METALS LIMITED — Capital/Financing Update 2022

Aug 18, 2022

Announcement Summary

Entity name

STRICKLAND METALS LIMITED

Announcement Type

New announcement

Date of this announcement

Friday August 19, 2022

The +securities to be quoted are:

+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 +securitycode	Security description	Number of +securities tobe quoted	Issue date
STK	ORDINARY FULLY PAID	76,700,000	19/08/2022

Refer to next page for full details of the announcement

Part 1 - Entity and announcement details

1.1 Name of entity

STRICKLAND METALS LIMITED

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 20109361195

1.3 ASX issuer code STK

1.4 The announcement is

New announcement

1.5 Date of this announcement

19/8/2022

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 Date andTime	Announcement Title	Selected Appendix 3B to submit quotationrequest
11-Aug-2022 09:46	New - Proposed issue of securities -STK	A placement or other type of issue

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?

Yes

2.3a.3 Please provide details of the further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B

3,300,000 shares which were subscribed by directors of the Company and will be issued subject to the Company obtaining shareholder approval pursuant Listing Rule 10.11.

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 STK : ORDINARY FULLY PAID

Issue date

19/8/2022

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 quoted76,700,000
Are the +securities being issued for a cash consideration?Yes
In what currency is the cash consideration being paid?	What is the issue price per +security?
AUD - Australian Dollar	AUD 0.05000000
Any other information the entity wishes to provide about the +securities to be quoted3,300,000 shares which were subscribed by directors of the Company and will be issued subject to the Company

obtaining shareholder approval pursuant Listing Rule 10.11.

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)

ASX +security code and description	Total number of+securities on issue
STK : ORDINARY FULLY PAID	1,357,967,001
STKOA : OPTION EXPIRING 17-MAY-2024	185,575,596

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
STKAQ : OPTION EXPIRING 22-JUL-2024 EX 2.5C	15,000,000
STKAM : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	5,250,000
STKAW : PERFORMANCE RIGHTS EXPIRING 02-AUG-2025	48,200,000
STKAX : OPTION EXPIRING 12-NOV-2024 EX $0.1125	2,500,000
STKAY : OPTION EXPIRING 12-NOV-2024 EX $0.15	2,500,000
STKAR : OPTION EXPIRING 28-AUG-2024 EX 4C	16,500,000
STKAS : OPTION EXPIRING 28-AUG-2024 EX 5C	2,000,000
STKAT : OPTION EXPIRING 24-SEP-2024 EX $0.07	3,000,000
STKAU : OPTION EXPIRING 24-SEP-2024 EX $0.085	2,000,000