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LOYAL METALS LTD Share Issue/Capital Change 2024

Mar 27, 2024

65244_rns_2024-03-27_4f92366f-635c-4e35-9873-3db6c88ecb03.pdf

Share Issue/Capital Change

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

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Announcement Summary

Entity name

LOYAL LITHIUM LIMITED

Date of this announcement

Thursday March 28, 2024

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

Total number of
ASX +security +securities to be
code Security description issued/transferred Issue date
New class - code Performance Rights - Darren Allingham 600,000 28/03/2024
to be confirmed

Refer to next page for full details of the announcement

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

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Appendix 3G - 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

LOYAL LITHIUM 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 ACN 644564241

1.3 ASX issuer code

LLI

1.4 The announcement is

New announcement

1.5 Date of this announcement

28/3/2024

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

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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")

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

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Part 3C - number and type of +securities the subject of this notification (new class)

ASX +security codeNew class - code to be confirmed+Security descriptionPerformance Rights - Darren Allingham
+Security typeISIN code
Other
Date the +securities the subject of this notification were issued
28/3/2024
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.Refer ASX Announcement - 28 March 2024
Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme
or a summary of the termshttps://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02669925
Any other information the entity wishes to provide about the +securities the subject of this notificationSubject to Vesting Conditions
Issue details
Number of +securities
600,000

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

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

Part 4 - +Securities on issue

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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
LLI : ORDINARY FULLY PAID 83,287,319
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
LLIAM : OPTION EXPIRING 06-JUL-2024 EX $0.30 4,000,000
LLIAL : OPTION EXPIRING 31-MAY-2026 EX $0.50 3,499,999
LLIAI : OPTION EXPIRING 25-JUL-2025 EX $0.35 1,000,000
LLIAJ : PERFORMANCE RIGHTS 4,600,000
LLIAK : OPTION EXPIRING 16-JAN-2026 EX $0.60 2,000,000
LLIAR : PERFORMANCE RIGHTS RESTRICTED 2,500,000
LLIAQ : OPTION EXPIRING 31-MAR-2026 RESTRICTED 2,000,000
LLIAN : ORDINARY FULLY PAID RESTRICTED 2,000,000
LLIAS : PERFORMANCE SHARES RESTRICTED 3,000,000
LLIAO : ORDINARY FULLY PAID RESTRICTED 15,250,000
LLIAP : OPTION EXPIRING 28-MAR-2026 RESTRICTED 4,000,000
LLIAU : ORDINARY FULLY PAID RESTRICTED 1,000,000
LLIAT : OPTION EXPIRING 08-AUG-2026 EX $0.75 400,000
LLIAB : OPTION EXPIRING 06-JUL-2024 EX $0.30 12,535,550
LLIAD : OPTION EXPIRING 02-MAY-2025 EX $0.45 500,000

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

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

600,000

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New class - code to be confirmed : Performance Rights - Darren Allingham

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

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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? 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? Yes

5.2b.1 How many +securities are being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? 600,000

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

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