SUNSTONE METALS LTD — Capital/Financing Update 2024

Feb 12, 2024

Announcement Summary

Entity name

SUNSTONE METALS LTD

Announcement Type

New announcement

Date of this announcement

Tuesday February 13, 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
STM	ORDINARY FULLY PAID	12,916,667	13/02/2024

Refer to next page for full details of the announcement

Part 1 - Entity and announcement details

1.1 Name of entity

SUNSTONE METALS 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

ABN

Registration number

68123184412

1.3 ASX issuer code

STM

1.4 The announcement is 1.5 Date of this announcement New announcement

13/2/2024

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 Date andTime	Announcement Title	Selected Appendix 3B to submit quotationrequest
13-Dec-2023 10:00	New - Proposed issue of securities -STM	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?

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

STM : ORDINARY FULLY PAID

Issue date

13/2/2024

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 quoted12,916,667
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 0.01200000
Any other information the entity wishes to provide about the +securities to be quoted
	Participation in placement at $0.012 per share by directors of the company as approved by shareholders 6 February 2024

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:

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 quoted on ASX following the +quotation of the +securities subject of this application)

ASX +security code and description	Total number of+securities on issue
STM : ORDINARY FULLY PAID	3,500,651,546

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
STMAS : PERFORMANCE RIGHTS	58,000,000
STMAL : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	24,000,000