VANADIUM RESOURCES LIMITED — Share Issue/Capital Change 2025

Feb 19, 2025

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

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Announcement Summary

Entity name

VANADIUM RESOURCES LIMITED

Date of this announcement

Thursday February 20, 2025

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	Convertible Note	633	20/02/2025
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

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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

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

20/2/2025

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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
12-Feb-2025 10:10	New - Proposed issue of securities -	A placement or other type of issue
	VR8

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?

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

Participation in convertible notes by related party subject to shareholder approval. Issue of Options to convertible note holders subject to shareholder approval.

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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 20/2/2025 Any other information the entity wishes to provide about the +securities the subject of this notification Issue of convertible note to non related party as annouced https://announcements.asx.com.au/asxpdf/20250212/pdf/06ffk hwrccf6yn.pdf

Issue details

Number of +securities 633 Were the +securities issued for a cash consideration? Yes In what currency was the cash consideration being What was the issue price per +security? paid? AUD - Australian Dollar AUD 1,000.00000000

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

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

ASX +security code New class - code to be confirmed	+Security description Convertible Note	+Security description Convertible Note
+Security type	ISIN code
+Convertible debt securities
Date the +securities the subject of this notification were issued
20/2/2025
Will all the +securities issued in this class rank equally in all respects from		their issue date?
Yes
Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under
listing rule 6.1?
No
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued. https://announcements.asx.com.au/asxpdf/20250212/pdf/06ffkhwrccf6yn.pdf
+Convertible debt securities Details
Type of +security
Convertible note or bond
+Security currency	Face value	Interest rate type
AUD - Australian Dollar	AUD 1,000.00000000	Fixed rate
Frequency of coupon/interest payments per year		First interest payment date
Quarterly		31/3/2025
Interest rate per annum	Is the interest rate per annum estimated at this time?
10.00 %	No
s128F of the Income Tax Assessment Act status applicable to the +security
s128F exemption status unknown
Is the +security perpetual (i.e. no maturity)?		Maturity date
No		12/8/2025
Select other feature(s) applicable to	the +security
Secured
Is there a first trigger date on which	a right of conversion, redemption, call
or put can be exercised (whichever is first)?
No
Details of the existing class of +security that will be issued if the securities		are converted, transformed or
exchanged
VR8 : ORDINARY FULLY PAID

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

Issue details

Number of +securities 633

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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	562,625,204
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	11,056,404
VR8AH : CLASS B PERFORMANCE RIGHTS	1,621,605
VR8AK : OPTION EXPIRING 18-OCT-2026 EX $0.15	3,000,000
VR8AJ : PERFORMANCE RIGHTS	23,159,654
New class - code to be confirmed : Convertible Note	633

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

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