Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement. application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12, $04/03/13$

Name of entity

Classic Minerals Limited

ABN

77 119 484 016

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

⁺Class of ⁺securities issued or to $\overline{1}$ be issued

Fully paid ordinary shares

Number of ⁺securities issued or $\overline{2}$ to be issued (if known) or maximum number which may be issued
Principal terms of the $\overline{3}$ +securities (e.g. if options, exercise price and expiry date; if partly paid ⁺securities, the amount outstanding and due dates for if payment; +convertible securities, the conversion price and dates for conversion)

25,300,000 paid ordinary shares

As per other fully paid ordinary shares already quoted.

⁺ See chapter 19 for defined terms.

Do the ⁺securities rank equally $\overline{4}$ in all respects from the ⁺issue date with an existing ⁺class of quoted +securities?

If the additional +securities do not rank equally, please state:

the date from which they do
· the extent to which they participate for the next dividend, (in the case of a trust. distribution) $or$ interest payment
the extent to which they do not rank equally, other than in relation to the next distribution or dividend. interest payment
Issue price or consideration 5
6 Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets)

Yes, shares will rank equally with existing fully paid shares.

$$0.00343 - 25,300,000$ shares

Shares were issued under the terms and conditions of the Standby Subscription Agreement (amended) with Stock Assist Group Pty Ltd signed on 19 September 2017.

6a Is the entity an ⁺eligible entity that has obtained security holder approval under rule 7.1A?

If Yes, complete sections 6b - 6h in relation to the ⁺securities the subject of this Appendix 3B, and comply with section 6i

The date the security holder 6b resolution under rule 7.1A was passed
6с Number of ⁺securities issued without security holder approval under rule 7.1

⁺ See chapter 19 for defined terms.

$6d$ Number of ⁺securities issued with security holder approval under rule 7.1A
6e Number of ⁺securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting)
$6f$ Number of ⁺securities issued under an exception in rule 7.2
$6g$ If ⁺securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the ⁺issue date and both values. Include the source of the VWAP calculation.
6h If ⁺securities were issued under rule $7.1A$ $for$ non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements
6i Calculate the entity's remaining issue capacity under rule 7.1 and rule 7.1A - complete Annexure 1 and release to ASX Market Announcements

$\overline{7}$ ⁺Issue dates

Note: The issue date may be prescribed by ASX (refer to the definition of issue date in rule 19.12). For example, the issue date for a pro rata entitlement issue must comply with the applicable timetable in Appendix 7A.

Cross reference: item 33 of Appendix 3B.

8 Number and ⁺class of all *securities quoted on ASX (including the ⁺securities in section 2 if applicable)

Number	⁺ Class
687,079,473	Fully paid Ordinary shares

Rule 7.1 - 74,020 shares

8 November 2017

⁺ See chapter 19 for defined terms.

Number and ⁺class of all 9 ⁺securities not quoted on ASX (including the ⁺securities in section 2 if applicable)
Dividend policy (in the case of a 10 trust, distribution policy) on the increased capital (interests)

$\sim$

⁺Class

				Part 2 - Pro rata issue
--	--	--	--	-------------------------

holder approval Is security $11$ required? Is the issue renounceable or non- $12$ renounceable? Ratio in which the ⁺securities $13$ will be offered ⁺Class of ⁺securities to which the $14$ offer relates $15$ *Record date to determine entitlements Will holdings on 16 different registers (or subregisters) be aggregated for calculating entitlements? Policy for deciding entitlements 17 in relation to fractions 18 Names of countries in which the entity has security holders who will not be sent new offer documents Note: Security holders must be told how their entitlements are to be dealt with. Cross reference: rule 7.7. Closing date for receipt of 19 acceptances or renunciations

Number

⁺ See chapter 19 for defined terms.

$20$ Names of any underwriters Amount of any underwriting fee $21$ or commission Names of any brokers to the $22$ issue Fee or commission payable to $23$ the broker to the issue Amount of any handling fee $24$ payable to brokers who lodge acceptances or renunciations on behalf of security holders If the issue is contingent on $25$ security holders' approval, the date of the meeting Date entitlement and acceptance $26$ form and offer documents will be sent to persons entitled If the entity has issued options, $27$ and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders Date rights trading will begin (if $28$ applicable) Date rights trading will end (if 29 applicable) How do security holders sell $30^{\circ}$ their entitlements in full through a broker? How do security holders sell part $3¹$ of their entitlements through a broker and accept for the balance?

⁺ See chapter 19 for defined terms.

How do security holders dispose $32$ of their entitlements (except by sale through a broker)?

⁺Issue date 33

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

Type of +securities 34 (tick one)

$(a)$

*Securities described in Part 1

$(b)$

All other ⁺securities

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

			Tick to indicate you are providing the information or
documents

If the *securities are *equity securities, the names of the 20 largest holders of the additional ⁺securities, and the number and percentage of additional ⁺securities held by those holders
If the 'securities are 'equity securities, a distribution schedule of the additional 36 *securities setting out the number of holders in the categories $1 - 1,000$ $1,001 - 5,000$ $5,001 - 10,000$ 10,001 - 100,000 100,001 and over

A copy of any trust deed for the additional +securities

⁺ See chapter 19 for defined terms.

Entities that have ticked box 34(b)

$38$ Number of ⁺securities for which ⁺quotation is sought
⁺Class of ⁺securities for which 39 quotation is sought
Do the ⁺securities rank equally in 40 all respects from the ⁺issue date with an existing ⁺class of quoted ⁺securities?

If the additional ⁺securities do not rank equally, please state:

the date from which they do
· the extent to which they participate for the next dividend. (in the case of a trust, distribution) or interest payment
the extent to which they do $\bullet$ not rank equally, other than in relation to the next dividend. distribution $\alpha$ interest payment
Reason for request for quotation 41 now

Example: In the case of restricted securities, end of restriction period

(if issued upon conversion of another ⁺security, clearly identify that other 'security)

Number and ⁺class of all $4²$ $+$ securities quoted on ASX (including the ⁺securities in clause $38)$

Number	⁺ Class

⁺ See chapter 19 for defined terms.

Quotation agreement

⁺Quotation of our additional ⁺securities is in ASX's absolute discretion. ASX $\mathbf{1}$ may quote the ⁺securities on any conditions it decides.
We warrant the following to ASX. $\overline{2}$
The issue of the 'securities to be quoted complies with the law and is $\bullet$ not for an illegal purpose.
There is no reason why those 'securities should not be granted +quotation.
An offer of the 'securities for sale within 12 months after their issue will not require disclosure under section $707(3)$ or section $1012C(6)$ of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

Section 724 or section 1016E of the Corporations Act does not apply to $\bullet$ any applications received by us in relation to any *securities to be quoted and that no-one has any right to return any *securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the 'securities be quoted.
$\bullet$ If we are a trust, we warrant that no person has the right to return the *securities to be quoted under section 1019B of the Corporations Act at the time that we request that the 'securities be quoted.
We will indemnify ASX to the fullest extent permitted by law in respect of any $\overline{3}$ claim, action or expense arising from or connected with any breach of the warranties in this agreement.
We give ASX the information and documents required by this form. If any $\overline{4}$ information or document is not available now, we will give it to ASX before *quotation of the *securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

Sign here:	Date: 13 November 2017 (Company Secretary)
------------	-----------------------------------------------

Print name: Jeffrey Nurse

$== == == == ==$

⁺ See chapter 19 for defined terms.

Appendix 3B - Annexure 1

Calculation of placement capacity under rule 7.1 and rule 7.1A for eligible entities

Introduced 01/08/12 Amended 04/03/13

Part 1

Rule 7.1 – Issues exceeding 15% of capital
Step 1: Calculate "A", the base figure from which the placement capacity is calculated
Insert number of fully paid +ordinary securities on issue 12 months before the *issue date or date of agreement to issue	369,467,635
Add the following:
Number of fully paid +ordinary securities issued in that 12 month period under an exception in rule 7.2
Number of fully paid ⁺ ordinary securities $\bullet$ issued in that 12 month period with shareholder approval	40,000,000 (GM dated 21 June 2017) 26,000,000 (GM dated 21 June 2017)
Number of partly paid +ordinary ٠ securities that became fully paid in that 12 month period	85,000,000 (GM dated 21 June 2017) 77,057,142 (GM dated 21 June 2017)
Note: Include only ordinary securities here - other classes of equity securities cannot be added Include here (if applicable) the securities the subject of the Appendix 3B to which this form is annexed It may be useful to set out issues of securities on different dates as separate line items
Subtract the number of fully paid +ordinary securities cancelled during that 12 month period	Nil
"A"	597, 524, 777

⁺ See chapter 19 for defined terms.

Step 2: Calculate 15% of "A"
"B" Multiply "A" by 0.15	0.15 [Note: this value cannot be changed] 89,628,716
Step 3: Calculate "C", the amount of placement capacity under rule 7.1 that has already been used
Insert number of ⁺ equity securities issued or agreed to be issued in that 12 month period not counting those issued: Under an exception in rule 7.2 Under rule 7.1A ۰ With security holder approval under rule ٠ 7.1 or rule 7.4 Note: This applies to equity securities, unless specifically excluded - not just ordinary securities Include here (if applicable) the securities the subject of the Appendix 3B to which this form is annexed It may be useful to set out issues of securities on different dates as separate line items	4,000,000 (30 December 2016) 1,500,000 (23 January 2017) 2,000,000 (20 March 2017) 3,000,000 (5 May 2017) 30,604,372 (8 June 2017) 2,380,952 (31 August 2017) 5,626,515 (October 2017) 15,142,857 (13 October 2017) 25,300,000 (this Appendix 3B)
"C"	89,554,696
Step 4: Subtract "C" from ["A" x "B"] to calculate remaining placement capacity under rule 7.1
" $A$ " x 0.15 Note: number must be same as shown in Step 2	89,628,716
Subtract "C" Note: number must be same as shown in Step 3	89,554,696
Total ["A" $\times$ 0.15] – "C"	74,020 [Note: this is the remaining placement capacity under rule 7.11

⁺ See chapter 19 for defined terms.

Part 2

Rule 7.1A - Additional placement capacity for eligible entities
Step 1: Calculate "A", the base figure from which the placement capacity is calculated
"A"
Note: number must be same as shown in Step 1 of Part 1
Step 2: Calculate 10% of "A"
"D"	0.10
	Note: this value cannot be changed
Multiply "A" by 0.10
Step 3: Calculate "E", the amount of placement capacity under rule 7.1A that has already been used
Insert number of ⁺ equity securities issued or agreed to be issued in that 12 month period under rule 7.1A
Notes:
This applies to equity securities - not just ordinary securities
Include here $-$ if applicable $-$ the $\bullet$ securities the subject of the Appendix
3B to which this form is annexed Do not include equity securities issued $\bullet$
under rule 7.1 (they must be dealt with in Part 1), or for which specific security
holder approval has been obtained
It may be useful to set out issues of $\bullet$ securities on different dates as separate line items
``F"

⁺ See chapter 19 for defined terms.

Step 4: Subtract "E" from ["A" x "D"] to calculate remaining placement capacity under rule 7.1A
"A" $\times$ 0.10
Note: number must be same as shown in Step 2
Subtract "F"	Nil
Note: number must be same as shown in Step 3
Total ["A" $\times$ 0.10] – "E"
	Note: this is the remaining placement capacity under rule 7.1A

⁺ See chapter 19 for defined terms.

AI assistant

CLASSIC MINERALS LTD Share Issue/Capital Change 2017

64664_rns_2017-11-12_cd1de8e2-fd8a-45e0-b375-11f62300577f.pdf

Appendix 3B