YANDAL RESOURCES LIMITED — Share Issue/Capital Change 2025

Jul 8, 2025

Appendix 3G - 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

Wednesday July 09, 2025

The +securities the subject of this notification are:

+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

	+securities the subject of this notification are:
	l number of +securities to be issued/transferreder securities issued under an +employee incentive scheme that are not intended to be quoted on ASX
ASXcodNewto b	+securityeSecurity descriptionTotal number of+securities to beissued/transferredIssue dateclass - codee confirmedOPTION EXPIRING 30-NOV-2028 EX $0.141,550,00009/07/2025

Refer to next page for full details of the announcement

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

1 / 6

Appendix 3G - 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 Registration number ABN 86108753608

1.3 ASX issuer code

YRL

1.4 The announcement is

New announcement

1.5 Date of this announcement

9/7/2025

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

2 / 6

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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

Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+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:

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

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

3 / 6

Appendix 3G - 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)

==> picture [495 x 249] intentionally omitted <==

----- Start of picture text ----- ASX +security code +Security descriptionNew class - code to be confirmed OPTION EXPIRING 30-NOV-2028 EX $0.14+Security type ISIN codeOptionsDate the +securities the subject of this notification were issued9/7/2025Will all the +securities issued in this class rank equally in all respects from their issue date?YesWere any of the +securities issued to +key management personnel (KMP) or an +associate?NoHave you received confirmation from ASX that the terms of the +securities are appropriate and equitable underlisting rule 6.1?NoPlease provide a URL link for a document lodged with ASX setting out the material terms of the +securities beingissued.https://announcements.asx.com.au/asxpdf/20241025/pdf/069klqbjhqk706.pdf----- End of picture text -----

Options Details
+Security currency	Exercise price	Expiry date
AUD - Australian Dollar	AUD 0.14000000	30/11/2028

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

YRL : ORDINARY FULLY PAID

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://announcements.asx.com.au/asxpdf/20241025/pdf/069klqbjhqk706.pdf

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

The options have been issued to employees pursuant to the Company's Employee Incentive Scheme with the exercise price set a 50% premium to the 5-day YRL VWAP up to and including 30 June 2025.

Issue details

Number of +securities

1,550,000

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

4 / 6

Appendix 3G - 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 notification, the +securities of the entity will comprise:

The figures in parts 4.1 and 4.2 below are automatically generated and may not reflect the entity's current issued capital if other Appendix 2A, Appendix 3G or Appendix 3H forms are currently with ASX for processing.

4.1 Quoted +securities (Total number of each +class of +securities issued and quoted on ASX)

	Total number of
ASX +security code and description	+securities on issue
YRL : ORDINARY FULLY PAID	309,234,982
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
YRLAU : OPTION EXPIRING 27-FEB-2027 EX $0.18	1,000,000
YRLAV : OPTION EXPIRING 01-MAR-2026 EX $0.18	2,000,000
YRLAW : OPTION EXPIRING 01-MAR-2027 EX $0.27	2,000,000
YRLAY : OPTION EXPIRING 02-SEP-2028 EX $0.28	1,000,000
YRLAX : OPTION EXPIRING 30-NOV-2026 EX $0.134	2,700,000
YRLAR : OPTION EXPIRING 01-SEP-2025 EX $0.30	150,000
YRLAZ : OPTION EXPIRING 28-NOV-2027 EX $0.35	3,350,000
YRLAF : OPTION EXPIRING 17-NOV-2025 EX $0.11	23,888,703
YRLAQ : OPTION EXPIRING 04-APR-2026 EX $1.00	1,300,000
YRLAG : OPTION EXPIRING 01-MAR-2027 EX $0.16	350,000
YRLAH : OPTION EXPIRING 01-MAR-2027 EX $0.21	350,000
New class - code to be confirmed : OPTION EXPIRING 30-NOV-2028 EX $0.14	1,550,000

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

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

5 / 6

Appendix 3G - 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? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

13

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

6 / 6