SUNSHINE METALS LIMITED — Capital/Financing Update 2023

Nov 26, 2023

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Announcement Summary

Entity name

SUNSHINE METALS LIMITED

Date of this announcement

Monday November 27, 2023

The +securities the subject of this notification are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and 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
SHNAB	OPTION EXPIRING 30-SEP-2025 EX $0.03	71,482,529	21/11/2023

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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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

SUNSHINE METALS 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

12063388821

1.3 ASX issuer code

SHN

1.4 The announcement is

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New announcement

1.5 Date of this announcement

27/11/2023

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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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:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Previous Appendix 3B details:

Announcement Date and	Announcement Title	Selected Appendix 3B to submit quotation
Time		request
21-Sep-2023 09:58	New - Proposed issue of securities -	A placement or other type of issue
	SHN

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

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 3A - number and type of +securities the subject of this notification (existing class or new class) where issue has previously been notified to ASX in an Appendix 3B

Placement Details

ASX +security code and description SHNAB : OPTION EXPIRING 30-SEP-2025 EX $0.03 Date the +securities the subject of this notification were issued 21/11/2023 Any other information the entity wishes to provide about the +securities the subject of this notification Issue details Number of +securities 71,482,529 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities Issue of one free attaching option for every three new shares allocated in the Share Placement.

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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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 application, the +securities 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)

	Total number of
ASX +security code and description	+securities on issue
SHN : ORDINARY FULLY PAID	1,224,008,444
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
SHNAF : DEFERRED ORDINARY FULLY PAID RESTRICTED	50,000,000
SHNAB : OPTION EXPIRING 30-SEP-2025 EX $0.03	137,082,529
SHNAD : OPTION EXPIRING 02-NOV-2025 EX $0.03	1,000,000
SHNAG : OPTION EXPIRING 30-JUN-2027 EX $0.0225	24,933,334
SHNAH : OPTION EXPIRING 07-JUL-2027 EX $0.0225	20,000,000
SHNAE : OPTION EXPIRING 31-JUL-2024 EX $0.07	1,700,000

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

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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