Announcement PDF 17 February 2025 INFORMATION CONCERNING LISTED OPTIONS Astute Metals NL (ASX: ASE, “Astute” or “the Company”) provides the following in relation to its pro rata non-renounceable entitlement option offer (Loyalty Options), as announced on 29 January 2025: • • • Distribution summary of option holders; Top 20 list of option holders; and Terms and conditions relating to the Loyalty Options. An Appendix 2A concerning allotment of the Loyalty Options has been lodged separately to this announcement. Authorisation This announcement has been authorised for release by the Joint Company Secretaries. Astute Metals NL Interactive Investor Hub Engage with Astute Metals through accessing reports, presentations, interviews and other Company content. Ask questions and browse responses to other investors’ questions Click on https://astutemetals.com/auth/signup and follow the prompts to sign up More Information Matt Healy Executive Director & CEO mhealy@astutemetals.com +61 (0) 431 683 952 Nicholas Read Media & Investor Relations nicholas@readcorporate.com.au +61 (0) 419 929 046 Suite 6, Level 5, 189 Kent St, Sydney NSW 2000 | GPO Box 2733, Sydney NSW 2001 +61 (0) 2 8046 2799 | admin@astutemetals.com www.astutemetals.com Attachment 1 Distribution Summary –Listed Options Suite 6, Level 5, 189 Kent St, Sydney NSW 2000 | GPO Box 2733, Sydney NSW 2001 +61 (0) 2 8046 2799 | admin@astutemetals.com www.astutemetals.com MUFG Corporate Markets A division of MUFG Pension & Market Services PAGE NUMBER : 1 REPORT DATE : 17/02/2025 REPORT TIME : 15.24.43 ASTUTE METALS NL INVESTOR RANGES MONDAY 17 FEBRUARY 2025 Ranges Investors Security Code : ASEWOPT Securities % Issued Capital ASE OPTIONS Holding Type : Issuer 1 to 1000 1001 to 5000 5001 to 10000 10001 to 100000 100001 and Over Total 104 13 2 4 21 144 11,256 34,927 16,800 69,800 78,576,558 78,709,341 .00 .01 .01 .02 27.38 27.43 582 318 130 319 147 1,496 88,476 879,330 1,025,986 11,984,339 194,254,750 208,232,881 .03 .31 .36 4.18 67.70 72.57 Holding Type : CHESS 1 to 1000 1001 to 5000 5001 to 10000 10001 to 100000 100001 and Over Total Totals for Security Code ASEWOPT 1 to 1000 1001 to 5000 5001 to 10000 10001 to 100000 100001 and Over Total 686 331 132 323 168 1,640 99,732 914,257 1,042,786 12,054,139 272,831,308 286,942,222 .04 .32 .36 4.20 95.08 100.00 end of report Confidential Attachment 2 Top 20 Options Holders –Listed Options Suite 6, Level 5, 189 Kent St, Sydney NSW 2000 | GPO Box 2733, Sydney NSW 2001 +61 (0) 2 8046 2799 | admin@astutemetals.com www.astutemetals.com MUFG Corporate Markets A division of MUFG Pension & Market Services PAGE NUMBER : 1 REPORT DATE : 17/02/2025 REPORT TIME : 15.25.22 ASTUTE METALS NL TOP 20 INVESTORS REPORT MONDAY 17 FEBRUARY 2025 Rank Investor Available Balance % Issued Capital Security: ASEWOPT - ASE OPTIONS 1 HPG URBAN DEVELOPMENTS PTY LTD 51,935,597 18.10% 2 KALONDA PTY LTD <LEIBOWITZ SUPER FUND A/C> 34,694,717 12.09% 3 GUN CAPITAL MANAGEMENT PTY LTD 14,791,562 5.15% 4 HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED 12,481,572 4.35% 5 BNP PARIBAS NOMS PTY LTD 12,371,943 4.31% 6 P & J BUTTIGIEG NOMINEES PTY LTD <BUTTIGIEG FAMILY A/C> 9,501,347 3.31% 7 MINING INVESTMENTS LIMITED 9,011,420 3.14% 8 TONNIC PTY LIMITED <TONNIC A/C> 6,367,308 2.22% 9 MR DAVID ALTSCHULER 5,000,000 1.74% 10 FLEET INVESTMENT FUND PTY LTD 4,255,319 1.48% 11 SAADE SAADE + JAMIE SAADE <SJ SAADE FAMILY TRUST A/C> 4,250,000 1.48% 12 P&J BUTTIGIEG NOMINEES PTY LTD <BUTTIGIEG FAMILY A/C> 4,166,665 1.45% 13 DONNYBROOK SUPERANNUATION FUND PTY LTD <MALKOUN SF A/C> 4,114,335 1.43% 14 MR DAVID ALAN STERN 4,083,333 1.42% Confidential MUFG Corporate Markets A division of MUFG Pension & Market Services PAGE NUMBER : 2 REPORT DATE : 17/02/2025 REPORT TIME : 15.25.22 ASTUTE METALS NL TOP 20 INVESTORS REPORT MONDAY 17 FEBRUARY 2025 Available Balance % Issued Capital TYSON & CO PTY LTD <TYSON & CO A/C> 3,971,077 1.38% 16 LONGENE PTY LTD 3,846,154 1.34% 17 KAFTA ENTERPRISES PTY LIMITED <FAYAD SETTLEMENT A/C> 3,806,519 1.33% 18 MICHAEL LARRY CORNELL 3,750,000 1.31% 19 MRS CHERYL KAYE YOUNG + MR JOHN ALEXANDER YOUNG <THE FOREVER YOUNG SUPER A/C> 3,318,310 1.16% 20 AGAM NOMINEES NO 1 PTY LTD 3,000,000 1.05% Rank Investor 15 TOTAL FOR TOP 20: 198,717,178 Investors 20 TOTAL IN THIS REPORT: TOTAL OTHER INVESTORS: GRAND TOTAL: 198,717,178 88,225,044 286,942,222 Investors 20 1,620 1,640 end of report Confidential 69.25% 69.25% 30.75% 100.00% Attachment 3 Terms of Loyalty Options Suite 6, Level 5, 189 Kent St, Sydney NSW 2000 | GPO Box 2733, Sydney NSW 2001 +61 (0) 2 8046 2799 | admin@astutemetals.com www.astutemetals.com RIGHTS AND LIABILITIES ATTACHING TO SECURITIES (iii) if admitted to the official list of ASX at the time, apply for official quotation on ASX of Shares issued Terms of Loyalty Options (a) Entitlement Each Option entitles the holder to subscribe for one (1) Share upon exercise of the Loyalty Option. (b) Exercise Price Subject to paragraph (j), the amount payable upon exercise of each Loyalty Option will be $0.05 (Exercise Price) pursuant to the exercise of the Loyalty Options. If a notice delivered under (g)(ii) for any reason is not effective to ensure that an offer for sale of the Shares does not require disclosure to investors, the Company must, no later than 20 Business Days after becoming aware of such notice being ineffective, lodge with ASIC a prospectus prepared in accordance with the Corporations Act and do all such things necessary to satisfy section 708A(11) of the Corporations Act to ensure (c) Expiry Date Each Option will expire at 5:00 pm (AEST) on the date that is 18 months from the date of issue (Expiry Date). A Loyalty Option not exercised before the Expiry Date will automatically lapse on the Expiry Date. (d) Exercise Period The Loyalty Options are exercisable at any time on or prior to the Expiry Date (Exercise Period). (e) Notice of Exercise The Loyalty Options may be exercised during the Exercise Period by notice in writing to the Company in the manner that an offer for sale of the Shares does not require disclosure to investors. (h) Minimum value to be Exercised At any time during the Exercise Period: (i) where a Loyalty Optionholder holds less than 10,000 Loyalty Options, they must exercise all of their Loyalty Options; or (ii) where a Loyalty Optionholder holds more than 10,000 Loyalty Options, the Loyalty Optionholder may only exercise a minimum of 10,000 Loyalty Options at specified on the Loyalty Option certificate (Notice of Exercise) and payment of the Exercise Price for each any one point in time. Loyalty Option being exercised in Australian currency by electronic funds transfer or other means of payment (i) acceptable to the Company. equally with the then issued shares of the Company. (f) (j) Reconstruction of capital If at any time the issued capital of the Company is Exercise Date A Notice of Exercise is only effective on and from the later of the date of receipt of the Notice of Exercise and the date of receipt of the payment of the Exercise Price for each Loyalty Option being exercised in cleared funds Shares issued on exercise Shares issued on exercise of the Loyalty Options rank reconstructed, all rights of a Loyalty Optionholder are to be changed in a manner consistent with the Corporations Act and the ASX Listing Rules at the time of (Exercise Date). the reconstruction. (g) Timing of issue of Shares on exercise (k) Participation in new issues There are no participation rights or entitlements inherent Within 5 Business Days after the Exercise Date, the Company will: (i) issue the number of Shares required under these terms and conditions in respect of the number of Loyalty Options specified in the Notice of Exercise and for which cleared funds have been received by the Company; (ii) if required, give ASX a notice that complies with section 708A(5)(e) of the Corporations Act, or, if the Company is unable to issue such a notice, lodge with ASIC a prospectus prepared in accordance with the Corporations Act and do all such things necessary to satisfy section 708A(11) of the Corporations Act to ensure that an offer for sale of in the Loyalty Options and holders will not be entitled to participate in new issues of capital offered to Shareholders during the currency of the Loyalty Options without exercising the Loyalty Options. (l) Change in Exercise Price A Loyalty Option does not confer the right to a change in Exercise Price or a change in the number of underlying securities over which the Loyalty Option can be exercised. (m) Transferability The Loyalty Options are transferable subject to any restriction or escrow arrangements imposed by ASX or under applicable Australian securities laws. the Shares does not require disclosure to investors; and Suite 6, Level 5, 189 Kent St, Sydney NSW 2000 | GPO Box 2733, Sydney NSW 2001 +61 (0) 2 8046 2799 | admin@astutemetals.com www.astutemetals.com