Announcement PDF Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 1 / 6 Update Summary Entity name APC MINERALS LIMITED Announcement Type Update to previous announcement Date of this announcement 4/12/2025 Reason for update to a previous announcement Clarification of rounding of fractional entitlements - fractional entitlements to be rounded down to the nearest whole number Refer to next page for full details of the announcement Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 2 / 6 Part 1 - Entity and announcement details 1.1 Name of +Entity APC MINERALS LIMITED We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules. If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation). 1.2 Registered Number Type ACN Registration Number 149390394 1.3 ASX issuer code APC 1.4 The announcement is 1.4a Reason for update to a previous announcement Clarification of rounding of fractional entitlements - fractional entitlements to be rounded down to the nearest whole number 1.4b Date of previous announcement to this update 4/12/2025 1.5 Date of this announcement 4/12/2025 1.6 The Proposed issue is: 1.6a The proposed standard +pro rata issue is: + Renounceable A standard +pro rata issue (non-renounceable or renounceable) Update/amendment to previous announcement Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 3 / 6 Part 3 - Details of proposed entitlement offer issue Part 3A - Conditions 3A.1 Do any external approvals need to be obtained or other conditions satisfied before the entitlement offer can proceed on an unconditional basis? Part 3B - Offer details +Class or classes of +securities that will participate in the proposed issue and +class or classes of +securities proposed to be issued ASX +security code and description APC : ORDINARY FULLY PAID Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)? Will the proposed issue of this +security include an offer of attaching +securities? If the entity has quoted company options, do the terms entitle option holders to participate on exercise? Details of +securities proposed to be issued ASX +security code and description APC : ORDINARY FULLY PAID ISIN Code (if Issuer is a foreign company and +securities do not have +CDIs issued over them) ISIN Code for the tradable rights created under a renounceable right issue (if Issuer is foreign company and +securities do not have +CDIs issued over them) Offer ratio (ratio to existing holdings at which the proposed +securities will be issued) The quantity of additional +securities to be issued 13 For a given quantity of +securities held 11 Yes No Existing class No Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 4 / 6 What will be done with fractional entitlements? Fractions rounded up to the next whole number Maximum number of +securities proposed to be issued (subject to rounding) 346,193,986 Offer price details for retail security holders In what currency will the offer be made? AUD - Australian Dollar What is the offer price per +security for the retail offer? AUD 0.00400 Oversubscription & Scale back details Will individual +security holders be permitted to apply for more than their entitlement (i.e. to over-subscribe)? Describe the limits on over-subscription up to 100% of entitlement Will a scale back be applied if the offer is over-subscribed? Describe the scale back arrangements to be set out in the Offer Document Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Details of company options where holders entitled to participate in the offer ASX +security code and description APCO : OPTION EXPIRING 19-APR-2027 Date Option must be exercised by 9/12/2025 Part 3C - Timetable 3C.1 +Record date 9/12/2025 3C.2 Ex date 8/12/2025 Yes Yes Yes Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 5 / 6 3C.3 Date rights trading commences 8/12/2025 3C.4 Record date 9/12/2025 3C.5 Date on which offer documents will be sent to +security holders entitled to participate in the +pro rata issue 12/12/2025 3C.6 Offer closing date 8/1/2026 3C.7 Last day to extend the offer closing date 5/1/2026 3C.8 Date rights trading ends 31/12/2025 3C.9 Trading in new +securities commences on a deferred settlement basis 2/1/2026 3C.11 +Issue date and last day for entity to announce results of +pro rata issue 15/1/2026 3C.12 Date trading starts on a normal T+2 basis 16/1/2026 3C.13 First settlement date of trades conducted on a +deferred settlement basis and on a normal T+2 basis 20/1/2026 Part 3E - Fees and expenses 3E.1 Will there be a lead manager or broker to the proposed offer? 3E.1a Who is the lead manager/broker? Yelverton Capital Pty Ltd 3E.1b What fee, commission or other consideration is payable to them for acting as lead manager/broker? Nil 3E.2 Is the proposed offer to be underwritten? 3E.2a Who are the underwriter(s)? Yelverton Capital Pty Ltd 3E.2b What is the extent of the underwriting (ie the amount or proportion of the offer that is underwritten)? fully underwritten 3E.2c What fees, commissions or other consideration are payable to them for acting as underwriter(s)? Yes Yes Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 6 / 6 3E.2c What fees, commissions or other consideration are payable to them for acting as underwriter(s)? Yelverton Capital Pty Ltd to receive a fee of 6% of the amount raised under the entitlement offer. In addition,Yelverton Capital (or its nominees) receive 40 million unlisted options exercisable at $0.009 (0.9 cents) and having an expiry of 31 December 2026, subject to Shareholder approval. 3E.2d Please provide a summary of the significant events that could lead to the underwriting being terminated Refer Offer Document 3E.2e Is a party referred to in listing rule 10.11 underwriting or sub-underwriting the proposed offer? 3E.3 Will brokers who lodge acceptances or renunciations on behalf of eligible +security holders be paid a handling fee or commission? 3E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed offer Part 3F - Further Information 3F.1 The purpose(s) for which the entity intends to use the cash raised by the proposed issue Funds raised from the Offer are to be used to advance the Company's existing projects, to identify potential new opportunities and for working capital. 3F.2 Will holdings on different registers or subregisters be aggregated for the purposes of determining entitlements to the issue? 3F.3 Will the entity be changing its dividend/distribution policy if the proposed issue is successful? 3F.4 Countries in which the entity has +security holders who will not be eligible to participate in the proposed issue Australia and New Zealand 3F.5 Will the offer be made to eligible beneficiaries on whose behalf eligible nominees or custodians hold existing +securities 3F.5a Please provide further details of the offer to eligible beneficiaries refer Offer Document 3F.6 URL on the entity's website where investors can download information about the proposed issue https://apcminerals.com.au/announcements/7295518 3F.7 Any other information the entity wishes to provide about the proposed issue 3F.8 Will the offer of rights under the rights issue be made under a +disclosure document or product disclosure statement under Chapter 6D or Part 7.9 of the Corporations Act (as applicable)? 3F.9 Any on-sale of the +securities proposed to be issued within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of: The publication of a cleansing notice under section 708A(5), 708AA(2)(f), 1012DA(5) or 1012DAA(2)(f) No Yes No No No No