TERRA METALS LIMITED — Share Issue/Capital Change 2021

Dec 16, 2021

Notification of Consolidation/Split

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Cancellation Summary

Entity name PARINGA RESOURCES LIMITED Security on which the reorganisation was to be applicable

PNL ORDINARY FULLY PAID PNLAC OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES

Announcement Type Cancellation of previous announcement Date of this announcement 17/12/2021 Reason for the cancellation Revised timetable

Refer to below for full details of the announcement

Notification of Consolidation/Split

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Notification of Consolidation/Split

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Announcement Details

Part 1 - Entity and announcement details

1.1 Name of +Entity

PARINGA RESOURCES LIMITED 1.2 Registered Number Type Registration Number ABN 44155933010 1.3 ASX issuer code PNL 1.4 The announcement is Cancellation of previous announcement

1.4c Reason for cancellation of previous announcement Revised timetable 1.4d Date of previous announcement(s) to this cancellation 26/10/2021 1.5 Date of this announcement 17/12/2021

1.6 Securities affected by the consolidation or split

ASX +Security Code ASX +Security Description PNL ORDINARY FULLY PAID PNLAC OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES

Part 2 - Approvals

2.1 Are any of the below approvals required for the consolidation or split before business day 0 of the timetable? Security holder approval Court approval Lodgement of court order with +ASIC ACCC approval FIRB approval

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Notification of Consolidation/Split

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Another approval/condition external to the entity required to be given/met before business day 0 of the timetable for the consolidation or split.

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Yes

2.2 Approvals

Approval/Condition	Date for determination	Is the date estimated or	Approval
+Security holder approval	10/12/2021	actual?	received/condition met?
		Estimated

Comments

Part 3 - Consolidation or split timetable and details

3.1 +Record date

16/12/2021

3.2 Date of +security holder meeting

10/12/2021

3.2a Effective date of consolidation or split

13/12/2021

3.3 Last day for trading in the pre consolidation or split +securities

14/12/2021

3.4 Trading in the post consolidation or split +securities commences on a deferred settlement basis.

15/12/2021

3.5 Record date

16/12/2021

3.6 First day for entity to update its register and to send holding statements to +security holders reflecting the change in the number of +securities they hold.

17/12/2021

3.7 Last day for entity to update its register and send holding statements to +security holders reflecting the change in the number of +securities they hold and to notify ASX that this has occurred. (+Issue Date)

23/12/2021

3.8 Trading starts on a normal T+2 basis

24/12/2021

3.9 First settlement of trades conducted on a +deferred settlement basis and on a normal T+2 basis

30/12/2021

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Notification of Consolidation/Split

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Part 4 - Event type and details

4.1 The event is

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+Security consolidation

4.1a Consolidation ratio: the +securities will be consolidated on the basis that every

20

(pre-consolidation) +securities will be consolidated into 1

(post-consolidation) +security (/ies).

4.2 Scrip fraction rounding

Fractions rounded up to the next whole number

Part 5 - +Securities on issue before and after consolidation or split

5.1 +Securities on issue before and after the consolidation or split

ASX +Security Code	ASX +Security Description
PNL	ORDINARY FULLY PAID
Quoted/unquoted	Number on issue pre	Number on issue post	Estimate/Actual
Quoted	consolidation or split	consolidation or split	Estimated
	632,782,393	31,639,120
ASX +Security Code	ASX +Security Description
PNLAC	OPTION EXPIRING VARIOUS	DATES EX VARIOUS PRICES
Quoted/unquoted	Number on issue pre	Number on issue post	Estimate/Actual
Unquoted	consolidation or split	consolidation or split	Estimated
	42,188,888	2,109,444
5.2 Exercise price of options
ASX +Security Code	ASX +Security Description
PNLAC	OPTION EXPIRING VARIOUS	DATES EX VARIOUS PRICES
Quoted/unquoted	Exercise price pre consolidation or Exercise price post		consolidation or
Unquoted	split	split
	AUD 0.00000000	AUD 0.00000000

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Notification of Consolidation/Split

Part 6 - Further information

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6.1 Further information relating to the consolidation or split

Notification of Consolidation/Split

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