WA1 RESOURCES LTD — Share Issue/Capital Change 2023

May 28, 2023

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Announcement Summary

Entity name

WA1 RESOURCES LTD

Date of this announcement

Monday May 29, 2023

The +securities the subject of this notification are:

+Securities issued under an +employee incentive scheme that are subject to a restriction on transfer and are not being quoted on ASX until the restriction ends

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	PERFORMANCE RIGHTS	235,000	29/05/2023
to be confirmed

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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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

WA1 RESOURCES LTD

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

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

29/5/2023

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+Securities issued under an +employee incentive scheme that are subject to a restriction on transfer and are not being quoted on ASX until the restriction ends

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

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

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Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B

New +securities issued under an +employee incentive scheme

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

ASX +security code +Security description
New class - code to be confirmed PERFORMANCE RIGHTS
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+Security type ISIN code
Other
Date the +securities the subject of this notification were issued
29/5/2023
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. https://app.sharelinktechnologies.com/announcement/asx/96b67c3fdbf07087db609d39bf586b10

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 https://app.sharelinktechnologies.com/announcement/asx/96b67c3fdbf07087db609d39bf586b10

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

Performance Rights issued to employees under the Incentives Award Plan

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Issue details

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Number of +securities

117,500

Number of +securities

117,500

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities 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)

	Total number of
ASX +security code and description	+securities on issue
WA1 : ORDINARY FULLY PAID	39,224,700
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
WA1AF : OPTION EXPIRING 01-NOV-2025 EX $0.30	300,000
New class - code to be confirmed : PERFORMANCE RIGHTS	235,000

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

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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

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