TITANIUM SANDS LIMITED — Capital/Financing Update 2024

Mar 19, 2024

Appendix 2A - Application for quotation of securities

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Announcement Summary

Entity name

TITANIUM SANDS LIMITED

Announcement Type

New announcement

Date of this announcement

Wednesday March 20, 2024

The +securities to be quoted are: Other

Please refer to the response to Q2.3d for further information about the type of securities to be quoted and the circumstances of the issue.

Listing of currently unquoted option class TSLAH under the ASX Code TSLOA

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
New class - code	TSLOA - Listed Options exercisable at $0.023 on	1,014,559,664	04/12/2023
to be confirmed	or before 16 February 2026

Refer to next page for full details of the announcement

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Appendix 2A - Application for quotation of securities

Part 1 - Entity and announcement details

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1.1 Name of entity

TITANIUM SANDS LIMITED

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

ACN

Registration number

009131533

1.3 ASX issuer code

TSL

1.4 The announcement is

New announcement

1.5 Date of this announcement

20/3/2024

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Appendix 2A - Application for quotation of securities

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Part 2 - Type of Issue

2.1 The +securities to be quoted are:

Other

Please refer to the response to Q2.3d for further information about the type of securities to be quoted and the circumstances of the issue.

2.2 The +class of +securities to be quoted is:

New +securities in a class that is not yet quoted on ASX ("new class")

2.3c Have these +securities been offered under a +disclosure document or +PDS?

Yes

2.3c.1 Date of +disclosure document or +PDS?

13/7/2023

2.3d Please provide any further information needed to understand the circumstances in which you are applying to have these +securities quoted on ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

Listing of currently unquoted option class TSLAH under the ASX Code TSLOA

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Appendix 2A - Application for quotation of securities

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Part 3C - number and type of +securities to be quoted (new class) where issue has not previously been notified to ASX in an Appendix 3B

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New +securities
ASX +security code +Security description
New class - code to be confirmed TSLOA - Listed Options exercisable at $0.023 on or before
16 February 2026
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ASX +security code New class - code to be confirmed	+Security description TSLOA - Listed Options exercisable at $0.023 on or before 16 February 2026
+Security type	ISIN code
Options
Issue date
4/12/2023
Will all the +securities issued in	this class rank equally in all respects from the issue date?
Yes
Have you received confirmation	from ASX that the terms of the +securities are appropriate and equitable under
listing rule 6.1?
Yes
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.

category.
		Total percentage of +securities held
Number of +securities held	Number of holders	For 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		%
Options Details
+Security currency	Exercise price	Expiry date
AUD - Australian Dollar	AUD 0.02300000	16/2/2026

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Appendix 2A - Application for quotation of securities

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Details of the type of +security that will be issued if an option is exercised

TSL : ORDINARY FULLY PAID

Number of +securities that will be issued if an option is exercised

1 ordinary fully paid share (ASX:TSL)

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities to be quoted or provide the information by separate announcement.

• • Full Option terms are set out in the attached Entitlement Prospectus: https://cdn api.markitdigital.com/apiman gateway/AS X/asx-research/1.0/file/2924-02686371-6A1158184

Issue details

Number of +securities to be quoted

1,014,559,664

Are the +securities being issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

Conversion of the unquoted class TSLAH to the listed code TSLOA

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted

0.000000

Any other information the entity wishes to provide about the +securities to be quoted

See separate announcement released 20 March 2024 setting out the Top 20 Holders and Distribution Schedule

The purpose(s) for which the entity is issuing the securities

Other

Please provide additional details

Conversion of the unquoted class TSLAH to the listed code TSLOA

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Appendix 2A - Application for quotation of securities

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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)

+securities subject of this application)
	Total number of
ASX +security code and description	+securities on issue
TSL : ORDINARY FULLY PAID	1,993,730,226
New class - code to be confirmed : TSLOA - Listed Options exercisable at $0.023 on or	1,014,559,664
before 16 February 2026
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
TSLAH : OPTION EXPIRING 16-FEB-2026 EX $0.023	1,014,559,664

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

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Appendix 2A - Application for quotation of securities

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Part 5 - Other Listing Rule requirements

5.1 Are the +securities being issued under an exception in Listing Rule 7.2 and therefore the issue does 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

28/9/2023

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