Update - Proposed issue of securities - AWJ
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Released
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Appendix 3B - Proposed issue of securities
Appendix 3B - Proposed issue of securities 1 / 6
Update Summary
Entity name
AURIC MINING LIMITED
Announcement Type
Update to previous announcement
Date of this announcement
7/10/2026
Reason for update to a previous announcement
The issue of the Consideration Shares and the Milestone Shares to Eazyoz Resources Pty Ltd for the acquisition of
mining lease M15-120 (Union Jack Gold Project) is now subject to shareholder approval under Listing Rule 7.1 and will
not be made under the Listing Rule 7.1 placement capacity of the Company. The maximum number of Milestone Shares
has increased from 14,583,333 to 21,875,000 (total 34,375,000). The proposed issue date has been updated.
Refer to next page for full details of the announcement
Appendix 3B - Proposed issue of securities
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Part 1 - Entity and announcement details
1.1 Name of +Entity
AURIC MINING 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
635470843
1.3 ASX issuer code
AWJ
1.4 The announcement is
1.4a Reason for update to a previous announcement
The issue of the Consideration Shares and the Milestone Shares to Eazyoz Resources Pty Ltd for the acquisition of
mining lease M15-120 (Union Jack Gold Project) is now subject to shareholder approval under Listing Rule 7.1 and will
not be made under the Listing Rule 7.1 placement capacity of the Company. The maximum number of Milestone Shares
has increased from 14,583,333 to 21,875,000 (total 34,375,000). The proposed issue date has been updated.
1.4b Date of previous announcement to this update
9/9/2026
1.5 Date of this announcement
7/10/2026
1.6 The Proposed issue is:
A placement or other type of issue
Update/amendment to previous announcement
Appendix 3B - Proposed issue of securities
Appendix 3B - Proposed issue of securities 3 / 6
Part 7 - Details of proposed placement or other issue
Part 7A - Conditions
7A.1 Do any external approvals need to be obtained or other conditions satisfied before the placement or other
type of issue can proceed on an unconditional basis?
7A.1a Conditions
Approval/Condition
Other (please specify in
comment section)
Date for determination
6/10/2026
Is the date estimated or
actual?
** Approval
received/condition met?
Yes
Comments
Settlement of the acquisition of mining lease M15/120 under the Tenement Sale Agreement dated 6 October 2026 with
Eazyoz Resources Pty Ltd, which replaces the Binding Letter Agreement dated 5 September 2026. Settlement occurred
on 6 October 2026.
Approval/Condition
+Security holder approval
Date for determination
2/12/2026
Is the date estimated or
actual?
** Approval
received/condition met?
No
Comments
Shareholder approval under Listing Rule 7.1 will be sought by separate resolutions for (a) the issue of 12,500,000
Consideration Shares and (b) the issue of up to 21,875,000 Milestone Shares, at a general meeting which the Company
must use its best endeavours to hold on or before 31 December 2026. The issue of Milestone Shares is also conditional
on the relevant JORC Mineral Resource milestones being achieved.
Part 7B - Issue details
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?
Details of +securities proposed to be issued
ASX +security code and description
AWJ : ORDINARY FULLY PAID
No
Existing class
Estimated
Actual
Yes
Appendix 3B - Proposed issue of securities
Appendix 3B - Proposed issue of securities 4 / 6
Number of +securities proposed to be issued
12,500,000
Offer price details
Are the +securities proposed to be issued being issued for a cash
consideration?
Please describe the consideration being provided for the +securities
Part consideration for the acquisition of a 100% interest in mining lease M15/120 (Union Jack Gold Project), Western
Australia, from Eazyoz Resources Pty Ltd, pursuant to the Tenement Sale Agreement dated [6] October 2026 (which
replaces the Binding Letter Agreement dated 5 September 2026). 12,500,000 fully paid ordinary shares at a deemed
issue price of $0.24 per share, to be issued within 5 business days after shareholder approval under Listing Rule 7.1 is
obtained.
Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities
3,000,000.000000
Will these +securities rank equally in all respects from their issue date with
the existing issued +securities in that class?
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?
Details of +securities proposed to be issued
ASX +security code and description
AWJ : ORDINARY FULLY PAID
Number of +securities proposed to be issued
21,875,000
Reason for the update of 'Number of +securities proposed to be issued'
Maximum number updated to the cap under the Tenement Sale Agreement.
Offer price details
Are the +securities proposed to be issued being issued for a cash
consideration?
Please describe the consideration being provided for the +securities
Milestone Shares issued in satisfaction of part of up to A$7,000,000 of Milestone Payments (A$2M / A$2M / A$3M)
payable on JORC Mineral Resources of 125,000 oz, 150,000 oz and 200,000 oz of gold being defined on the tenement.
Each Milestone Payment may be paid in cash, shares or both by agreement, with the share component not to exceed
No
No
Existing class
Yes
No
Appendix 3B - Proposed issue of securities
Appendix 3B - Proposed issue of securities 5 / 6
75% (50% if not agreed). Shares are priced at the higher of the 5-day VWAP ending on the day before the ASX
announcement of the milestone and a floor price of A$0.24. The maximum number is 21,875,000 (75% of A$7,000,000 at
A$0.24). The issue is subject to shareholder approval under Listing Rule 7.1.
Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities
5,250,000.000000
Will these +securities rank equally in all respects from their issue date with
the existing issued +securities in that class?
Part 7C - Timetable
7C.1 Proposed +issue date
4/12/2026
Part 7D - Listing Rule requirements
7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1?
7D.1a Date of meeting or proposed meeting to approve the issue under listing rule 7.1
2/12/2026
7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue?
7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules?
7D.4 Will any of the +securities to be issued be subject to +voluntary escrow?
Part 7E - Fees and expenses
7E.1 Will there be a lead manager or broker to the proposed issue?
7E.2 Is the proposed issue to be underwritten?
7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue
Legal fees, ASX fees, stamp duty and registry costs associated with the acquisition and the issue of the Shares.
No
No
No
No
No
Yes
Yes
Appendix 3B - Proposed issue of securities
Appendix 3B - Proposed issue of securities 6 / 6
Part 7F - Further Information
7F.01 The purpose(s) for which the entity is issuing the securities
The Shares to be issued as consideration for the acquisition of a 100% interest in mining lease M15/120: 12,500,000
Consideration Shares and up to 21,875,000 Milestone Shares, each to be issued following shareholder approval.
7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds?
7F.2 Any other information the entity wishes to provide about the proposed issue
Total maximum securities: 34,375,000 (A$8,250,000).
Refer to the Company's ASX announcements dated 9 September 2026 and (7 October 2026). If shareholder approval for
the Consideration Shares is not obtained, or the meeting is not held by the date required under the Tenement Sale
Agreement, A$3,000,000 (plus GST) is payable to the vendor in cash.
The Company will apply to ASX for a waiver of Listing Rule 7.3.4 to permit the Milestone Shares to be issued up to 5
years after the meeting. If approval or the waiver is not obtained, Milestone Payments are made in cash.
7F.3 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
The publication of a cleansing notice under section 708A(5), 708AA(2)(f), 1012DA(5) or 1012DAA(2)(f)
No
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