Announcement PDF Proposed issue of securities Announcement Summary Entity name BATTERY AGE MINERALS LTD Announcement Type New announcement Date of this announcement 23/5/2023 The Proposed issue is: A standard pro rata issue (including non-renounceable or renounceable) Total number of +securities proposed to be issued for a standard pro rata issue (including non-renounceable or renounceable) Maximum Number of +securities to be issued ASX +security code +Security description New class-code to be confirmed Options (Exe $0.50, exp 27/01/2026) Ex date 25/5/2023 +Record date 26/5/2023 Offer closing date 15/6/2023 Issue date 22/6/2023 Refer to next page for full details of the announcement Proposed issue of securities 1/7 25,655,000 Proposed issue of securities Part 1 - Entity and announcement details 1.1 Name of +Entity BATTERY AGE MINERALS LTD 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 Registration Number ACN 085905997 1.3 ASX issuer code BM8 1.4 The announcement is New announcement 1.5 Date of this announcement 23/5/2023 1.6 The Proposed issue is: A standard +pro rata issue (non-renounceable or renounceable) 1.6a The proposed standard +pro rata issue is: + Non-renounceable Proposed issue of securities 2/7 Proposed issue of securities 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? No 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 BM8 : 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)? New class Will the proposed issue of this +security include an offer of attaching +securities? No Details of +securities proposed to be issued ISIN Code (if Issuer is a foreign company and +securities are non CDIs) ISIN Code for the entitlement or right to participate in a non-renounceable issue (if Issuer is foreign company and +securities are non CDIs) Have you received confirmation from Will the entity be seeking quotation ASX that the terms of the proposed of the 'new' class of +securities on +securities are appropriate and ASX? No equitable under listing rule 6.1? No ASX +security code +Security description New class-code to be confirmed Options (Exe $0.50, exp 27/01/2026) +Security type Proposed issue of securities 3/7 If the entity has quoted company options, do the terms entitle option holders to participate on exercise? No Proposed issue of securities +Security type Options Offer ratio (ratio to existing holdings at which the proposed +securities will be issued) The quantity of additional +securities For a given quantity of +securities to be issued held 1 3 What will be done with fractional entitlements? Maximum number of +securities proposed to be issued (subject to rounding) Fractions rounded up to the next whole number 25,655,000 Offer price details for retail security holders In what currency will the offer be made? What is the offer price per +security for the retail offer? AUD - Australian Dollar AUD 0.00500 Oversubscription & Scale back details Will individual +security holders be permitted to apply for more than their entitlement (i.e. to over-subscribe)? No Will a scale back be applied if the offer is over-subscribed? No Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Options details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.5000 27/1/2026 Details of the type of +security that will be issued if the option is exercised BM8 : ORDINARY FULLY PAID Proposed issue of securities 4/7 Proposed issue of securities Number of securities that will be issued if the option is exercised 1 fully paid ordinary share Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities proposed to be issued or provide the information by separate announcement. Refer to the Prospectus lodged with the ASX today. Part 3C - Timetable 3C.1 +Record date 26/5/2023 3C.2 Ex date 25/5/2023 3C.4 Record date 26/5/2023 3C.5 Date on which offer documents will be sent to +security holders entitled to participate in the +pro rata issue 31/5/2023 3C.6 Offer closing date 15/6/2023 3C.7 Last day to extend the offer closing date 9/6/2023 3C.9 Trading in new +securities commences on a deferred settlement basis 16/6/2023 3C.11 +Issue date and last day for entity to announce results of +pro rata issue 22/6/2023 3C.12 Date trading starts on a normal T+2 basis 3C.13 First settlement date of trades conducted on a +deferred settlement basis and on a normal T+2 basis Proposed issue of securities 5/7 Proposed issue of securities Part 3E - Fees and expenses 3E.1 Will there be a lead manager or broker to the proposed offer? No 3E.2 Is the proposed offer to be underwritten? No 3E.3 Will brokers who lodge acceptances or renunciations on behalf of eligible +security holders be paid a handling fee or commission? No 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 under the Offers (including pursuant to the exercise of any Loyalty Options) are intended to be used towards the costs of the Offers, continued development on the Company's existing and any potential new projects and general working capital. 3F.2 Will holdings on different registers or subregisters be aggregated for the purposes of determining entitlements to the issue? No 3F.3 Will the entity be changing its dividend/distribution policy if the proposed issue is successful? No 3F.4 Countries in which the entity has +security holders who will not be eligible to participate in the proposed issue Countries other than Australia and New Zealand 3F.5 Will the offer be made to eligible beneficiaries on whose behalf eligible nominees or custodians hold existing +securities No 3F.6 URL on the entity's website where investors can download information about the proposed issue https://batteryageminerals.au/investors/asx-announcements/ 3F.7 Any other information the entity wishes to provide about the proposed issue Refer to ASX announcement and Prospectus dated 22 May 2023. 3F.8 Will the offer of rights under the rights issue be made under a disclosure document or product disclosure Proposed issue of securities 6/7 Proposed issue of securities 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)? Yes Proposed issue of securities 7/7