VAULT MINERALS LIMITED — Share Issue/Capital Change 2021

Aug 12, 2021

Application for quotation of +securities

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Announcement Summary

Entity name

RED 5 LIMITED

Announcement Type

New announcement

Date of this announcement

Friday August 13, 2021

The +securities to be quoted are:

+Securities issued under an +employee incentive scheme that are not subject to a restriction on transfer or that are to be quoted notwithstanding there is a restriction on transfer

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
RED	ORDINARY FULLY PAID	9,710,049	12/08/2021

Refer to next page for full details of the announcement

Application for quotation of +securities

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Application for quotation of +securities

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Part 1 - Entity and announcement details

1.1 Name of entity

RED 5 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

ABN

Registration number 73068647610

1.3 ASX issuer code

RED

1.4 The announcement is

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New announcement

1.5 Date of this announcement

13/8/2021

Application for quotation of +securities

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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:

+Securities issued under an +employee incentive scheme that are not subject to a restriction on transfer or that are to be quoted notwithstanding there is a restriction on transfer

2.2 The +securities to be quoted are:

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Additional +securities in a class that is already quoted on ASX ("existing class")

Application for quotation of +securities

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Application for quotation of +securities

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Part 3B - number and type of +securities to be quoted (existing class) where issue has not previously been notified to ASX in an Appendix 3B

Additional +securities to be quoted in an existing class issued under an +employee incentive scheme

FROM (Existing Class) ASX +security code and description REDAR : PERFORMANCE RIGHTS

TO (Existing Class) ASX +security code and description

RED : ORDINARY FULLY PAID

Please state the number of +securities issued under the +employee incentive scheme that are not subject to a restriction on transfer or that are to be quoted notwithstanding there is a restriction on transfer 9,710,049

Please provide details of a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms

A summary of the terms of the Company's Rights Plan is set out in the Company's notice of annual general meeting held on 18 November 2021: https://www.asx.com.au/asxpdf/20201014/pdf/44np8qxmr08xkq.pdf

Are any of these +securities being 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
Mark Williams	Mark Williams	2,814,565
John Tasovac	John Tasovac	1,130,967
Brendon Shadlow	Brendon Shadlow	1,028,151

Issue date

12/8/2021

Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class?

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Application for quotation of +securities

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Application for quotation of +securities

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Yes

Issue details

Number of +securities to be quoted

9,710,049

Are the +securities being issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Shares issued for nil cash consideration upon the partial vesting and conversion of 2021 Series Performance Rights into ordinary fully paid shares.

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

0.185000

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

9,710,049 of the 2021 Series Performance Rights with a maturity date of 30 June 2021 have partially vested based on the following vesting conditions having been partially satisfied:

• (a) the Company Total Shareholder Return above the S&P/ASX All Ordinaries Gold Total Return Index;

• (b) growth in the Company's Ore Reserves;

• (c) actual performance against budgeted operating costs over three financial years; and

• (d) specified safety compliance conditions.

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 RED : ORDINARY FULLY PAID 2,356,033,296

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
REDAR : PERFORMANCE RIGHTS	23,919,009
REDAU : SERVICE RIGHTS	327,356

Application for quotation of +securities

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Application for quotation of +securities

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Part 5 - Other Listing Rule requirements

5.1 Are the +securities being issued under an exception in Listing Rule 7.2 and therefore the issue does 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

9

Application for quotation of +securities

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