TURNSTONE RESOURCES LTD — Share Issue/Capital Change 2022

Nov 23, 2022

Application for quotation of +securities

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Announcement Summary

Entity name

SOUTH HARZ POTASH LTD

Announcement Type

New announcement

Date of this announcement

Thursday November 24, 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
SHP	ORDINARY FULLY PAID	53,444,445	24/11/2022

Refer to next page for full details of the announcement

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Application for quotation of +securities

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Part 1 - Entity and announcement details

1.1 Name of entity

SOUTH HARZ POTASH 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

ACN

Registration number 153414852

1.3 ASX issuer code

SHP

1.4 The announcement is

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New announcement

1.5 Date of this announcement

24/11/2022

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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 16-Nov-2022 09:54 New - Proposed issue of securities - A placement or other type of issue SHP

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

Shareholder approval required for Directors to Participate in Placement - 13,888,888 Shares

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 SHP : ORDINARY FULLY PAID Issue date 24/11/2022

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 %

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Application for quotation of +securities

Issue details

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Number of +securities to be quoted 53,444,445

Are the +securities being issued for a cash consideration? Yes In what currency is the cash consideration being paid? What is the issue price per +security? AUD - Australian Dollar AUD 0.04500000

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

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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
SHP : ORDINARY FULLY PAID	586,123,541
SHPO : OPTION EXPIRING 31-JUL-2023	46,175,789

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
SHPAG : OPTION EXPIRING 31-JUL-2023 EX 7.5C	3,100,000
SHPAF : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	80,021,317
SHPAS : OPTION EXPIRING 30-MAR-2027 EX $0.1606	2,868,000
SHPAH : OPTION EXPIRING 02-DEC-2024 EX $0.08	3,500,000
SHPAI : OPTION EXPIRING 02-DEC-2024 EX $0.12	3,500,000
SHPAE : PERFORMANCE RIGHTS	779,625
SHPAK : OPTION EXPIRING 27-MAY-2026 EX $0.203	5,346,970
SHPAQ : OPTION EXPIRING 17-DEC-2024 EX $0.18	2,192,084
SHPAR : OPTION EXPIRING 17-DEC-2024 EX $0.24	2,192,084
SHPAP : OPTION EXPIRING 05-AUG-2026 EX $0.1511	192,069
SHPAW : OPTION EXPIRING 31-OCT-2027 EX $0.109	2,000,000
SHPAX : OPTION EXPIRING 31-OCT-2027 EX $0.136	2,000,000

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Application for quotation of +securities

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SHPAY : OPTION EXPIRING	30-SEP-2027	EX $0.12	3,890,000
SHPAZ : OPTION EXPIRING	10-NOV-2027	EX $0.15	4,623,000
SHPAT : OPTION EXPIRING	17-OCT-2026	EX $0.123	1,000,000
SHPAU : OPTION EXPIRING	31-OCT-2027	EX $0.055	2,000,000
SHPAV : OPTION EXPIRING	31-OCT-2027	EX $0.082	2,000,000

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