YANDAL RESOURCES LIMITED — Capital/Financing Update 2021

Dec 22, 2021

Application for quotation of +securities

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Announcement Summary

Entity name

YANDAL RESOURCES LIMITED

Announcement Type

New announcement

Date of this announcement

Thursday December 23, 2021

The +securities to be quoted are:

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+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		Number of +securities to
code	Security description	be quoted	Issue date
YRL	ORDINARY FULLY PAID	10,702,063	23/12/2021

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

YANDAL 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

ABN

Registration number 86108753608

1.3 ASX issuer code

YRL

1.4 The announcement is

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New announcement

1.5 Date of this announcement

23/12/2021

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:

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+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	Announcement Title	Selected Appendix 3B to submit quotation
Time		request
19-Nov-2021 11:31	New - Proposed issue of securities -	A standard +pro rata issue (non-renounceable)
	YRL

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?

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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

Based on the Prospectus dated 19 November 2021 a shortfall of 6,479,552 New Shares remains after completion of the Rights Issue and Yandal reserves the right to place any Shortfall Shares within three months of the closing date of 16 December 2021. In addition, 1 free attaching Option for every 2 New Shares issued, with each New Option having an exercise price of 65 cents and an expiry date of 31 December 2022 to also be issued. The total New Options to be issued are approximately 5,351,050.

Application for quotation of +securities

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Application for quotation of +securities

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Part 3A - number and type of +securities to be quoted where issue has previously been notified to ASX in an Appendix 3B

Corporate Action Component Detail

ASX +security code and description

YRL : ORDINARY FULLY PAID

Issue date

23/12/2021

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.

		Total percentage of +securities held
Number of +securities held	Number of holders	For example, to enter a value of 50%
		please input as 50.00
1 - 1,000	44	0.02 %
1,001 - 5,000	142	0.37 %
5,001 - 10,000	115	0.85 %
10,001 - 100,000	306	8.70 %
100,001 and over	103,029,334	90.07 %

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

10,702,063 Issue currency Issue price or consideration per +security AUD - Australian Dollar AUD 0.40000000 Any other information the entity wishes to provide about the +securities to be quoted

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
YRL : ORDINARY FULLY PAID	114,390,198
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
YRLAD : OPTION EXPIRING 31-DEC-2021 EX $0.25	1,700,000
YRLAJ : CLASS A PERFORMANCE RIGHTS	525,000
YRLAL : OPTION EXPIRING 31-DEC-2022 DEFERRED	8,482,345
YRLAM : CLASS B PERFORMANCE RIGHTS	700,000
YRLAN : CLASS C PERFORMANCE RIGHTS	700,000
YRLAO : CLASS D PERFORMANCE RIGHTS	700,000

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

Application for quotation of +securities

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