ANNUAL Report June 2025 Notes to the Consolidated Financial Statements 29 14. ISSUED CAPITAL 2025 $ 2024 $ Share Capital 2,600,348,536 (2024: 1,929,708,794) ordinary shares fully paid 86,786,624 43,031,133 127,323,657 (2024: 405,323,657) ordinary shares fully paid under escrow 11,459,129 25,307,296 98,245,753 68,338,429 (a) Movements in Ordinary Share Capital 1 July 2024 to 30 June 2025 Date Number of Shares Issue Price $ Balance b/fwd 2,065,288,465 68,338,429 Issue of 127,323,657 shares @ $0.0900 per share to Cronimet Asia Pty Lte as consideration to acquire the Mt Carbine Retreatment Joint Venture Interest under a voluntary escrow restriction for 12 months (refer ASX Announcement dated 5 July 2024 and 29 July 2024) 29/07/2024 127,323,657 $0.0900 11,459,129 Issue of 39,304,733 shares @ $0.045 to Director ZP Yeo as approved by shareholders at the EGM on 29 July 2024 (refer ASX announcement dated 14 August 2024) 14/08/2024 39,304,733 $0.0458 1,798,570 Issue of 5,111,111 shares @ $0.0450 per share to Directors as approved at the Company’s EGM on 29 July 2024 (refer ASX announcement dated 14 August 2024) 14/08/2024 5,111,111 $0.0450 230,000 Issue of 542,384 shares @ $0.0496 per share for Senior Financial Advisor Service Fees (refer ASX announcement dated 5 November 2024) 5/11/2024 504,485 $0.0496 25,022 Issue of 97,500,000 shares @ $0.0400 per share to sophisticated investors (refer ASX announcement dated 13 December 2024 and 24 December 2024) 24/12/2024 97,500,000 $0.0400 3,900,000 Issue of 25,000,000 shares @ $0.04000 per share to sophisticated investors (refer ASX announcement dated 7 February 2025) 7/02/2025 25,000,000 $0.0400 1,000,000 Issue of 224,700,008 shares @ $0.03500 per share to sophisticated investors (refer ASX announcement dated 28 May 2025) 27/05/2025 224,700,008 $0.0350 7,864,514 Issue of 29,372,673 shares @ $0.03500 per share to a loan provider in satisfaction of an outstanding amount $1.03 million (refer ASX announcement dated sophisticated inventors (refer ASX announcement dated 28 May 2025) 28/05/2025 29,372,673 $0.0350 1,028,046 Issue of 62,967,142 shares @ $0.03500 per share to sophisticated inventors (refer ASX announcement dated 29 May 2025) 29/05/2025 62,967,142 $0.0350 2,203,854 Issue of 50,599,919 shares @ $0.03500 per share to sophisticated inventors (refer ASX announcement dated 23 June 2025) 23/06/2025 50,599,919 $0.0350 1,771,000 Share issue costs (1,372,811) Balance as at 30 June 2025 2,727,672,193 98,245,753 1 July 2023 to 30 June 2024 Date Number of Shares Issue Price $ Balance b/fwd 1,474,486,938 27,222,060 Issue of 957,055 shares @ $0.0650 per share upon the conversion of unlisted options granted to sophisticated investors (refer ASX announcement dated 11 August 2023) 11/08/2023 957,055 $0.07 62,208 Issue of 4,698,617 shares @ $0.0650 per share upon the conversion of unlisted options granted to sophisticated (refer ASX announcement dated 23 August 2023) 23/08/2023 4,698,617 $0.07 305,410 Issue of 3,125,000 shares @ $0.0650 per share upon the conversion of unlisted options granted to sophisticated (refer ASX announcement dated 6 September 2023) 6/09/2023 3,125,000 $0.07 203,125 Issue of 25,000,000 shares @ $0.0650 per share upon the exercise of unlisted options granted to sophisticated investors (refer ASX announcement dated 22 September 2023) 22/09/2023 25,000,000 $0.07 1,625,000 EQ Resources Limited Annual Report 2025 95
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