YANDAL RESOURCES LIMITED — Share Issue/Capital Change 2021

Jun 10, 2021

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

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Announcement Summary

Entity name

YANDAL RESOURCES LIMITED

Date of this announcement

Friday June 11, 2021

The +securities the subject of this notification are:

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+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 A Performance Rights	600,000	11/06/2021
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

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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

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

ACN

Registration number

108753608

1.3 ASX issuer code

YRL

1.4 The announcement is

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New announcement

1.5 Date of this announcement

11/6/2021

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Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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+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:

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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

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ASX +security code +Security description
New class - code to be confirmed Class A Performance Rights
+Security type ISIN code
Other
Date the +securities the subject of this notification were issued
11/6/2021
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?
No
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued.
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
See page 58 of the Company¿s Prospectus for the summary of terms of the employee incentive scheme.
https://www.yandalresources.com.au/wp-content/uploads/2018/12/2018-12-12-Replacement-Prospectus-22-Nov-18.pdf
Any other information the entity wishes to provide about the +securities the subject of this notification
Each Performance Right will convert to an ordinary share upon satisfaction of the vesting criteria stated below:
¿ Prior to 1 July 2022 volume weighted average price of the Company's Shares over 20 consecutive Trading Days on
which the Shares trade is $1.00 or more; and
¿ completing 12 months of continuous employment with the Company to 1 June 2022.
Performance Rights are subject to the terms and conditions of the Company¿s Employee Incentive Plan dated 19 October
2018.
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Issue details

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Number of +securities

600,000

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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
YRL : ORDINARY FULLY PAID	98,015,276
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	4,888,182
YRLAI : OPTION EXPIRING 30-JUN-2021 EX 27C	2,448,973
New class - code to be confirmed : Class A Performance Rights	600,000

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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