VANADIUM RESOURCES LIMITED — Share Issue/Capital Change 2024

Apr 11, 2024

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

==> picture [21 x 22] intentionally omitted <==

Announcement Summary

Entity name

VANADIUM RESOURCES LIMITED

Date of this announcement

Friday April 12, 2024

The +securities the subject of this notification are:

+Other securities issued under an +employee incentive scheme that 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	ESIP T1 to T3 A	11,056,404	10/04/2024
to be confirmed
New class - code	ESIP T1 to T3 B	1,621,605	10/04/2024
to be confirmed

Refer to next page for full details of the announcement

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

1 / 8

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

==> picture [21 x 22] intentionally omitted <==

Part 1 - Entity and announcement details

1.1 Name of entity

VANADIUM RESOURCES LIMITED

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

1.2 Registered number type Registration number ACN 618307887

1.3 ASX issuer code

VR8

1.4 The announcement is

New announcement

1.5 Date of this announcement

12/4/2024

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

2 / 8

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

==> picture [21 x 22] intentionally omitted <==

Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

does not have an existing ASX security code ("new class")

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

3 / 8

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

==> picture [21 x 22] intentionally omitted <==

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

==> picture [495 x 422] intentionally omitted <==

----- Start of picture text -----

ASX +security code +Security description
New class - code to be confirmed ESIP T1 to T3 A
+Security type ISIN code
Other
Date the +securities the subject of this notification were issued
10/4/2024
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Were any of the +securities issued to +key management personnel (KMP) or an +associate?
Yes
Provide details of the KMP or +associates being issued +securities.
Name of KMP Name of registered holder Number of +securities
Tim Feather Timothy David Feather 2,948,373
Alex Oehmen Erich Alexander Oehmen 2,948,373
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued.
Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme
or a summary of the terms
The Company's Employee Securities Incentive Plan (ESIP) is disclosed per the terms set out in the 2022 Notice of
Meeting - referenced below
https://announcements.asx.com.au/asxpdf/20221028/pdf/45gy2cmsgv0vw1.pdf
Any other information the entity wishes to provide about the +securities the subject of this notification
----- End of picture text -----

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

4 / 8

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

==> picture [21 x 22] intentionally omitted <==

Issue details

Number of +securities

Number of +securities
3,685,468
Number of +securities
3,685,468
Number of +securities
3,685,468
ASX +security code New class - code to be confirmed	+Security description ESIP T1 to T3 B
+Security type	ISIN code
Other
Date the +securities the subject of this notification were issued
10/4/2024
Will all the +securities issued in this class	rank equally in all respects from their issue date?
Yes
Were any of the +securities issued to +key management personnel (KMP) or an +associate?
No
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued. Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme
or a summary of the terms

The Company's Employee Securities Incentive Plan (ESIP) is disclosed per the terms set out in the 2022 Notice of Meeting - referenced below https://announcements.asx.com.au/asxpdf/20221028/pdf/45gy2cmsgv0vw1.pdf 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

5 / 8

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

Issue details

==> picture [21 x 22] intentionally omitted <==

Number of +securities

540,535

Number of +securities

540,535

Number of +securities

540,535

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

6 / 8

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

==> picture [21 x 22] intentionally omitted <==

Part 4 - +Securities on issue

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
VR8 : ORDINARY FULLY PAID	560,300,204
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
VR8AG : CLASS A PERFORMANCE RIGHTS	1,325,000
VR8AH : CLASS B PERFORMANCE RIGHTS	1,000,000
VR8AK : OPTION EXPIRING 18-OCT-2026 EX $0.15	3,000,000
VR8AJ : PERFORMANCE RIGHTS	15,000,000
New class - code to be confirmed : ESIP T1 to T3 A	11,056,404
New class - code to be confirmed : ESIP T1 to T3 B	1,621,605

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

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

7 / 8

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

==> picture [21 x 22] intentionally omitted <==

Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

13

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

8 / 8