TURNSTONE RESOURCES LTD — Share Issue/Capital Change 2024

Dec 16, 2024

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Announcement Summary

Entity name

SOUTH HARZ POTASH LTD

Date of this announcement

Tuesday December 17, 2024

The +securities the subject of this notification are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
New class - code	Long term Incentive Performance Rights expiry 1	12,250,000	17/12/2024
to be confirmed	July 2029
New class - code	Tranche 1 Project Related Performance Rights	5,250,000	17/12/2024
to be confirmed	expiry 1 July 2027
New class - code	Tranche 2 Project Related Performance Rights	8,750,000	17/12/2024
to be confirmed	expiry 1 January 2030
New class - code	Tranche 3 Project Related Performance Rights	5,250,000	17/12/2024
to be confirmed	expiry 1 January 2029

Refer to next page for full details of the announcement

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity 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) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type Registration number ACN 153414852

1.3 ASX issuer code

SHP

1.4 The announcement is

New announcement

1.5 Date of this announcement

17/12/2024

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Previous Appendix 3B details:

Announcement Date and	Announcement Title	Selected Appendix 3B to submit quotation
Time		request
29-Aug-2024 13:57	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?

No

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 3A - number and type of +securities the subject of this notification (existing class or new class) where issue has previously been notified to ASX in an Appendix 3B

Placement Details

ASX +security code and description new unquoted class of security

Date the +securities the subject of this notification were issued 17/12/2024

Any other information the entity wishes to provide about the +securities the subject of this notification

Issue details

Number of +securities 12,250,000 Were the +securities issued for a cash consideration? No Please describe the consideration being provided for the +securities

Issued as part of remuneration for appointment as Executive Chairman as approved by shareholders at the 2024 AGM

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Part 3C - number and type of +securities the subject of this notification (new class)

ASX +security code +Security description New class - code to be confirmed Long term Incentive Performance Rights expiry 1 July 2029 +Security type ISIN code Other

Date the +securities the subject of this notification were issued

17/12/2024

Will all the +securities issued in this class rank equally in all respects from their issue date? Yes

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://southharzpotash.com/investors/asx-announcements/

Any other information the entity wishes to provide about the +securities the subject of this notification

Issue details

Number of +securities

12,250,000

ASX +security code +Security description

New class - code to be confirmed Tranche 1 Project Related Performance Rights expiry 1 July 2027

+Security type ISIN code Other

Date the +securities the subject of this notification were issued

17/12/2024

Will all the +securities issued in this class rank equally in all respects from their issue date? Yes

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

https://southharzpotash.com/investors/asx-announcements/

Any other information the entity wishes to provide about the +securities the subject of this notification

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Issue details

Number of +securities

5,250,000

ASX +security code +Security description New class - code to be confirmed Tranche 2 Project Related Performance Rights expiry 1 January 2030 +Security type ISIN code Other

Date the +securities the subject of this notification were issued

17/12/2024

Will all the +securities issued in this class rank equally in all respects from their issue date? Yes

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

https://southharzpotash.com/investors/asx-announcements/

Any other information the entity wishes to provide about the +securities the subject of this notification

Issue details

Number of +securities

8,750,000

ASX +security code +Security description

New class - code to be confirmed Tranche 3 Project Related Performance Rights expiry 1 January 2029

+Security type Other

ISIN code

Date the +securities the subject of this notification were issued

17/12/2024

Will all the +securities issued in this class rank equally in all respects from their issue date? Yes

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

https://southharzpotash.com/investors/asx-announcements/

Any other information the entity wishes to provide about the +securities the subject of this notification

Issue details

Number of +securities

5,250,000

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

Part 4 - +Securities on issue

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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)

	Total number of
ASX +security code and description	+securities on issue
SHP : ORDINARY FULLY PAID	1,004,875,418

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
SHPAA : OPTION EXPIRING 23-NOV-2025 EX $0.09	3,366,667
SHPAAC : OPTION EXPIRING 10-AUG-2026 EX $0.08	25,602,270
SHPAF : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	1,000,000
SHPAS : OPTION EXPIRING 30-MAR-2027 EX $0.1606	2,382,000
SHPAAF : OPTION EXPIRING 24-NOV-2026 EX $0.08	1,375,000
SHPAAD : OPTION EXPIRING 21-AUG-2027 EX $0.064	1,000,000
SHPAAA : OPTION EXPIRING 01-JAN-2028 EX $0.066	3,000,000
SHPAAB : OPTION EXPIRING 01-JAN-2028 EX $0.088	3,000,000
SHPAK : OPTION EXPIRING 27-MAY-2026 EX $0.203	4,606,605
SHPAAE : OPTION EXPIRING 31-OCT-2028 EX $0.056	28,315,000
SHPAAI : OPTION EXPIRING 21-DEC-2026 EX $0.08	3,500,000
SHPAAH : OPTION EXPIRING 19-DEC-2026 EX $0.08	8,249,937
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

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities
SHPAW : OPTION EXPIRING 31-OCT-2027 EX $0.109	2,000,000
SHPAX : OPTION EXPIRING 31-OCT-2027 EX $0.136	2,000,000
SHPAY : OPTION EXPIRING 30-SEP-2027 EX $0.12	2,818,000
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
New class - code to be confirmed : Long term Incentive Performance Rights expiry 1 July	12,250,000
2029
New class - code to be confirmed : Tranche 1 Project Related Performance Rights expiry 1	5,250,000
July 2027
New class - code to be confirmed : Tranche 2 Project Related Performance Rights expiry 1	8,750,000
January 2030
New class - code to be confirmed : Tranche 3 Project Related Performance Rights expiry 1	5,250,000
January 2029

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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