VANADIUM RESOURCES LIMITED — Share Issue/Capital Change 2026

May 14, 2026

Appendix 2A - Application for quotation of securities

Announcement Summary

Entity name
VANADIUM RESOURCES LIMITED

Announcement Type
New announcement

Date of this announcement
Friday May 15, 2026

The +securities to be quoted are:
+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 code	Security description	Number of +securities to be quoted	Issue date
VR8	ORDINARY FULLY PAID	5,950,000	15/05/2026
VR8O	OPTION EXPIRING 01-AUG-2028	3,500,000	15/05/2026

Refer to next page for full details of the announcement

Appendix 2A - Application for quotation of securities

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Appendix 2A - Application for quotation of securities

Part 1 - Entity and announcement details

1.1 Name of entity

VANADIUM RESOURCES 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

ACN

Registration number

618307887

1.3 ASX issuer code

VR8

1.4 The announcement is

New announcement

1.5 Date of this announcement

15/5/2026

Appendix 2A - Application for quotation of securities

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Appendix 2A - Application for quotation of securities

Part 2 - Type of Issue

2.1 The +securities to be quoted are:
+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 Time | Announcement Title | Selected Appendix 3B to submit quotation request |
| --- | --- | --- |
| 04-May-2026 09:09 | New - Proposed issue of securities - VR8 | A placement or other type of issue |

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 by Directors to be approved.

Appendix 2A - Application for quotation of securities

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Appendix 2A - Application for quotation of securities

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
VR8 : ORDINARY FULLY PAID

Issue date
15/5/2026

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.

| Number of +securities held | Number of holders | Total percentage of +securities held
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 | | % |

Appendix 2A - Application for quotation of securities

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Appendix 2A - Application for quotation of securities

Issue details

Number of +securities to be quoted
5,950,000

Are the +securities being issued for a cash consideration?
Yes

In what currency is the cash consideration being paid?
AUD - Australian Dollar
What is the issue price per +security?
AUD 0.02000000

Any other information the entity wishes to provide about the +securities to be quoted

ASX +security code and description
VR8O : OPTION EXPIRING 01-AUG-2028

Issue date
15/5/2026

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.

| Number of +securities held | Number of holders | Total percentage of +securities held
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 | | % |

Appendix 2A - Application for quotation of securities

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Appendix 2A - Application for quotation of securities

Issue details

Number of +securities to be quoted
3,500,000

Are the +securities being issued for a cash consideration?
No

Please describe the consideration being provided for the +securities
Part consideration for placement to Alpine Capital Pty Ltd https://announcements.asx.com.au/asxpdf/20260504/pdf/06z64ty4k4f9xw.pdf

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted
0.006000

Any other information the entity wishes to provide about the +securities to be quoted

Appendix 2A - Application for quotation of securities
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Appendix 2A - Application for quotation of securities

Part 4 - Issued capital following quotation

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

ASX +security code and description	Total number of +securities on issue
VR8 : ORDINARY FULLY PAID	669,716,705
VR8O : OPTION EXPIRING 01-AUG-2028	38,951,608

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

ASX +security code and description	Total number of +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
VR8AB : OPTION EXPIRING 03-DEC-2028 EX $0.05	3,499,950

Appendix 2A - Application for quotation of securities