TITANIUM SANDS LIMITED — Share Issue/Capital Change 2022

May 16, 2022

Application for quotation of +securities

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Announcement Summary

Entity name

TITANIUM SANDS LIMITED

Announcement Type

New announcement

Date of this announcement

Tuesday May 17, 2022

The +securities to be quoted are:

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+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
TSL	ORDINARY FULLY PAID	8,514,286	16/05/2022

Refer to next page for full details of the announcement

Application for quotation of +securities

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Application for quotation of +securities

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Part 1 - Entity and announcement details

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

ABN

Registration number 65009131533

1.3 ASX issuer code

TSL

1.4 The announcement is

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New announcement

1.5 Date of this announcement

17/5/2022

Application for quotation of +securities

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Application for quotation of +securities

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Part 2 - Type of Issue

2.1 The +securities to be quoted are:

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+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Previous Appendix 3B details:

Announcement Date and	Announcement Title	Selected Appendix 3B to submit quotation
Time		request
11-May-2022 10:16	New - Proposed issue of securities -	A placement or other type of issue
	TSL

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?

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Yes

2.3a.3 Please provide details of the further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B

Share issues in connection with the placement described in the announcement to ASX on 11 May 2022 have yet to be issued.

Further details regarding the shares to be issued are set out in the announcement to ASX on 11 May 2022.

Application for quotation of +securities

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Application for quotation of +securities

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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 TSL : ORDINARY FULLY PAID

Issue date 16/5/2022

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.

		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		%

Application for quotation of +securities

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Application for quotation of +securities

Issue details

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Number of +securities to be quoted 5,714,286 Are the +securities being issued for a cash consideration? No Please describe the consideration being provided for the +securities

As set out in the announcement to the ASX on 11 May 2022, Ordinary Shares are being issued in satisfaction of the Company's obligation to pay a fee to the subscriber under the Subscription Agreement. Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted 0.014000 Any other information the entity wishes to provide about the +securities to be quoted Number of +securities to be quoted 2,800,000 Are the +securities being issued for a cash consideration? No Please describe the consideration being provided for the +securities

As set out in the announcement to the ASX on 11 May 2022, the initial 2,800,000 Ordinary Shares in the placement are being issued to the subscriber under the Subscription Agreement. 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

Application for quotation of +securities

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Application for quotation of +securities

Part 4 - Issued capital following quotation

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Following the quotation of the +securities the subject of this application, the issued capital 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 on ASX following the +quotation of the +securities subject of this application)

	Total number of
ASX +security code and description	+securities on issue
TSL : ORDINARY FULLY PAID	1,258,459,204
TSLO : OPTION EXPIRING 17-NOV-2023	66,897,716

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
TSLAG : OPTION EXPIRING 29-NOV-2022 EX $0.044	19,125,000
TSLAF : OPTION EXPIRING 10-MAR-2023 EX $0.05	208,750,000
TSLAD : PERFORMANCE SHARES RESTRICTED	33,333,333

Application for quotation of +securities

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