SUN SILVER LIMITED — Share Issue/Capital Change 2024

Aug 20, 2024

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

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Announcement Summary

Entity name

SUN SILVER LIMITED

Date of this announcement

Wednesday August 21, 2024

The +securities the subject of this notification are: Other

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	Unlisted options exercisable at $1.00; expiry 21	3,500,000	21/08/2024
to be confirmed	August 2027

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

SUN SILVER 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 Registration number

1.2 Registered number type Registration number ABN 86665307433

1.3 ASX issuer code

SS1

1.4 The announcement is

New announcement

1.5 Date of this announcement

21/8/2024

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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

Please specify

Issue of unlisted options pursuant to a strategic advisory mandate.

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

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Part 3C - number and type of +securities the subject of this notification (new class)

New +securities

ASX +security code +Security description New class - code to be confirmed Unlisted options exercisable at $1.00; expiry 21 August 2027 +Security type ISIN code Options

Date the +securities the subject of this notification were issued 21/8/2024

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.

The material terms of the unlisted options will be released in separate announcement following this notification.

Options Details

+Security currency Exercise price Expiry date AUD - Australian Dollar AUD 1.00000000 21/8/2027

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

SS1 : ORDINARY FULLY PAID

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

The options were issued immediately upon execution of a strategic advisory mandate and have not been previously announced to the market in an Appendix 3B.

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

Issue details

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Number of +securities

3,500,000

Were the +securities issued for a cash consideration? No

Please describe the consideration being provided for the +securities

The options were issued as an Option Fee pursuant to a strategic advisory mandate.

Purpose of the issue

To pay for services rendered

Additional Details

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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
SS1 : ORDINARY FULLY PAID	69,679,000
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
SS1AA : ORDINARY FULLY PAID RESTRICTED	6,825,000
SS1AB : ORDINARY FULLY PAID RESTRICTED	750,000
SS1AC : ORDINARY FULLY PAID RESTRICTED	3,500,000
SS1AD : ORDINARY FULLY PAID RESTRICTED	44,221,000
SS1AE : PERFORMANCE RIGHTS EXPIRING 15-MAY-2029 RESTRICTED	2,000,000
New class - code to be confirmed : Unlisted options exercisable at $1.00; expiry 21 August	3,500,000
2027

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

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

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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? No

5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? No

5.2b Are any of the +securities being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? Yes

5.2b.1 How many +securities are being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1?

3,500,000 unlisted options exercisable at $1.00; expiry 21 August 2027

5.2c Are any of the +securities being issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? N/A

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