YANDAL RESOURCES LIMITED — Share Issue/Capital Change 2021

Nov 21, 2021

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

==> picture [21 x 22] intentionally omitted <==

Announcement Summary

Entity name

YANDAL RESOURCES LIMITED

Date of this announcement

Monday November 22, 2021

The +securities the subject of this notification are:

==> picture [8 x 9] intentionally omitted <==

+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

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	Class B Performance Rights	700,000	22/11/2021
to be confirmed
New class - code	Class C Performance Rights	700,000	22/11/2021
to be confirmed
New class - code	Class D Performance Rights	700,000	22/11/2021
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

1 / 9

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

==> picture [21 x 22] intentionally omitted <==

Part 1 - Entity and announcement details

1.1 Name of entity

YANDAL RESOURCES LIMITED

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

1.2 Registered number type

ABN

Registration number

86108753608

1.3 ASX issuer code

YRL

1.4 The announcement is

==> picture [8 x 8] intentionally omitted <==

New announcement

1.5 Date of this announcement

22/11/2021

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

2 / 9

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

Part 2 - Issue details

==> picture [21 x 22] intentionally omitted <==

2.1 The +securities the subject of this notification are:

==> picture [8 x 8] intentionally omitted <==

+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

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

==> picture [8 x 8] intentionally omitted <==

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

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

3 / 9

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

==> picture [21 x 22] intentionally omitted <==

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

ASX +security code New class - code to be confirmed	+Security description Class B Performance Rights
+Security type	ISIN code
Other

Date the +securities the subject of this notification were issued 22/11/2021

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? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
David Lawrence Hughes	Ms Renae Wainwright & Mr David Lawrence Hughes A/C>	400,000
Timothy Kennedy	Lyndel Katherine Kennedy	150,000
Katina Law	Katina Law	150,000

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://www.yandalresources.com.au/wp-content/uploads/2021/10/Notice-of-AGM-Final-Proxy-Form.pdf

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://www.yandalresources.com.au/wp-content/uploads/2021/10/Notice-of-AGM-Final-Proxy-Form.pdf

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

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

4 / 9

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

==> picture [21 x 22] intentionally omitted <==

Issue details

Number of +securities

700,000

ASX +security code New class - code to be confirmed	+Security description Class C Performance Rights
+Security type	ISIN code
Other

Date the +securities the subject of this notification were issued 22/11/2021

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? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
David Lawrence Hughes	Ms Renae Wainwright & Mr David Lawrence Hughes A/C>	400,000
Timothy Kennedy	Lyndel Katherine Kennedy	150,000
Katina Law	Katina Law	150,000

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://www.yandalresources.com.au/wp-content/uploads/2021/10/Notice-of-AGM-Final-Proxy-Form.pdf

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://www.yandalresources.com.au/wp-content/uploads/2021/10/Notice-of-AGM-Final-Proxy-Form.pdf

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

5 / 9

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

==> picture [21 x 22] intentionally omitted <==

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

	Issue details
	Number of +securities
	700,000
	ASX +security code New class - code to be confirmed	+Security description Class D Performance Rights
	+Security type	ISIN code
	Other
	Date the +securities the subject of this notification were issued
	22/11/2021
	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?	Were any of the +securities issued to +key management personnel (KMP) or an +associate?	Were any of the +securities 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
David Lawrence Hughes	Ms Renae Wainwright & Mr David Lawrence Hughes A/C>	400,000
Timothy Kennedy	Lyndel Katherine Kennedy	150,000
Katina Law	Katina Law	150,000

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://www.yandalresources.com.au/wp-content/uploads/2021/10/Notice-of-AGM-Final-Proxy-Form.pdf

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

6 / 9

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

==> picture [21 x 22] intentionally omitted <==

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://www.yandalresources.com.au/wp-content/uploads/2021/10/Notice-of-AGM-Final-Proxy-Form.pdf

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

Class B, C and D Performance Rights issue was approved at the Company's AGM held on 19 November 2021. Details of the conditions of the Performance Rights are detailed in the Notice of Annual General Meeting and Explanatory Statement dated 15 October 2021.

Issue details

Number of +securities 700,000

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

7 / 9

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

==> picture [21 x 22] intentionally omitted <==

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
YRL : ORDINARY FULLY PAID	101,788,135
YRLN : ORDINARY FULLY PAID DEFERRED	16,964,690
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	3,600,000
YRLAJ : CLASS A PERFORMANCE RIGHTS	525,000
YRLAL : OPTION EXPIRING 31-DEC-2022 DEFERRED	8,482,345
New class - code to be confirmed : Class B Performance Rights	700,000
New class - code to be confirmed : Class C Performance Rights	700,000
New class - code to be confirmed : Class D Performance Rights	700,000

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

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

8 / 9

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

==> picture [21 x 22] intentionally omitted <==

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? No

5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? No

5.2b Are any of the +securities being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? No

5.2c Are any of the +securities being issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? No

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

9 / 9