SUNSTONE METALS LTD — Share Issue/Capital Change 2024

Feb 12, 2024

Announcement Summary

Entity name

SUNSTONE METALS LTD

Date of this announcement

Tuesday February 13, 2024

The +securities the subject of this notification are: Total number of +securities to be issued/transferred Other

ASX +securitycode	Security description	Total number of+securities to beissued/transferred	Issue date
STMAL	OPTION EXPIRING VARIOUS DATES EXVARIOUS PRICES	6,000,000	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) give notice of the issue, conversion or payment up of the following unquoted +securities.

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 - Issue details

2.1 The +securities the subject of this notification are:

Other

Please specify

Unquoted Options being issued

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

has an existing ASX security code ("existing class")

Part 3B - number and type of +securities the subject of this notification (existing class) where issue has not previously been notified to

ASX in an Appendix 3B

Additional +securities in an existing class

ASX +security code and description

STMAL : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES

Date the +securities the subject of this notification were issued

13/2/2024

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class Yes

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

Unquoted Options issued to Non-Executive Director following shareholder approval at General Meeting on 6 February 2024. Options exercisable at $0.042 per option.

Issue details

Number of +securities

6,000,000

Were the +securities issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

Nil

Purpose of the issue

Other

Additional Details

Unquoted Options exercisable at $0.042 issued to Non-Executive Director.

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)

ASX +security code and description	Total number of+securities on issue
STM : ORDINARY FULLY PAID	3,487,734,879

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	30,000,000

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?

Yes

5.2a Date of meeting or proposed meeting to approve the issue under listing rule 7.1 6/2/2024