WA1 RESOURCES LTD — Capital/Financing Update 2023

Jun 14, 2023

Application for quotation of +securities

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Announcement Summary

Entity name

WA1 RESOURCES LTD

Announcement Type

New announcement

Date of this announcement

Thursday June 15, 2023

The +securities to be quoted are:

+Securities issued, transferred or re-classified as a result of options being exercised or other +convertible securities being converted

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
WA1	ORDINARY FULLY PAID	300,000	27/05/2022

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

WA1 RESOURCES LTD

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 646878631

1.3 ASX issuer code

WA1

1.4 The announcement is

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New announcement

1.5 Date of this announcement

15/6/2023

Application for quotation of +securities

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Application for quotation of +securities

Part 2 - Type of Issue

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2.1 The +securities to be quoted are:

+Securities issued, transferred or re-classified as a result of options being exercised or other +convertible securities being converted

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

Existing +securities converting into additional +securities in an existing class

FROM (Existing Class) ASX +security code and description WA1AF : OPTION EXPIRING 01-NOV-2025 EX $0.30

TO (Existing Class)
ASX +security code and description
WA1 : ORDINARY FULLY PAID
Please state the number of options	The first date the options were	The last date the options were
that were exercised or other	exercised or other +convertible	exercised or other +convertible
+convertible securities that were	securities were converted	securities were converted
converted		15/6/2023
300,000
Is this all of the options or other +convertible securities on issue of that type		(ie have all of those options now been
exercised or have all of those convertible securities now been converted)?
Yes
The right of the holder of the options	or other +convertible securities to receive the +underlying securities is being
satisfied by:
An issue of new +securities

The underlying securities being received by the holder are: Intended to be, but are not yet, quoted by ASX

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme? No

Issue date 27/5/2022

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

Application for quotation of +securities

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Application for quotation of +securities

Issue details

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Number of +securities to be quoted 300,000 Are the +securities being issued for a cash consideration? Yes In what currency is the cash consideration being paid? What is the issue price per +security? AUD - Australian Dollar AUD 0.30000000 Any other information the entity wishes to provide about the +securities to be quoted Exercise of employee options

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
WA1	: ORDINARY FULLY PAID	39,524,700

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
WA1AG : OPTION EXPIRING 01-NOV-2025 EX $0.30	650,000
WA1AD : ORDINARY FULLY PAID RESTRICTED	14,211,664
WA1AE : OPTION EXPIRING 01-NOV-2025 RESTRICTED	3,450,000
WA1AH : PERFORMANCE RIGHTS	235,000
WA1AF : OPTION EXPIRING 01-NOV-2025 EX $0.30	0

Application for quotation of +securities

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