Update - Proposed issue of securities - AWJ
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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
9/9/2026
Reason for update to a previous announcement
Correction to Appendix 3B lodged 9 September 2026. Consideration Shares tranche corrected from 27,083,333 shares
(AUD 6,500,000) to 12,500,000 shares (AUD 3,000,000). Milestone Shares tranche corrected from 29,166,667 shares
(AUD 7,000,000) to 14,583,333 shares (AUD 3,500,000), reflecting the default 50 percent cash and 50 percent shares
split. Total maximum securities corrected to 27,083,333 shares (AUD 6,500,000). No change to the transaction, timetable
or conditions.
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
Correction to Appendix 3B lodged 9 September 2026. Consideration Shares tranche corrected from 27,083,333 shares
(AUD 6,500,000) to 12,500,000 shares (AUD 3,000,000). Milestone Shares tranche corrected from 29,166,667 shares
(AUD 7,000,000) to 14,583,333 shares (AUD 3,500,000), reflecting the default 50 percent cash and 50 percent shares
split. Total maximum securities corrected to 27,083,333 shares (AUD 6,500,000). No change to the transaction, timetable
or conditions.
1.4b Date of previous announcement to this update
9/9/2026
1.5 Date of this announcement
9/9/2026
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
2/10/2026
Is the date estimated or
actual?
** Approval
received/condition met?
No
Comments
Issue of the Consideration Shares is conditional on Settlement under the Binding Letter Agreement dated 5 September
2026 with Eazyoz Resources Pty Ltd, including satisfactory completion of due diligence expected on or about 2 October
2026. Issue of Milestone Shares is conditional on the Company announcing JORC Mineral Resources at the Union Jack
Gold Project of at least 125,000 oz, 150,000 oz and 200,000 oz respectively.
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
Number of +securities proposed to be issued
12,500,000
Reason for the update of 'Number of +securities proposed to be issued'
Corrected from 27,083,333 to 12,500,000. The original figure incorrectly used the cash component of the initial
consideration (AUD 6,500,000) instead of the share component (AUD 3,000,000, being 12,500,000 shares at AUD 0.24
per share).
Offer price details
Are the +securities proposed to be issued being issued for a cash
consideration?
No
No
Existing class
Estimated
Yes
Appendix 3B - Proposed issue of securities
Appendix 3B - Proposed issue of securities 4 / 6
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 Binding Letter Agreement dated 5 September 2026.
12,500,000 fully paid ordinary shares issued at $0.24 per share.
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
14,583,333
Reason for the update of 'Number of +securities proposed to be issued'
Corrected from 29,166,667 to 14,583,333. The original figure assumed 100 percent of Milestone Payments would be
satisfied in shares. The correct maximum reflects the default 50 percent cash and 50 percent shares split (50 percent of
AUD 7,000,000 equals AUD 3,500,000 in shares).
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 up to A$7,000,000 of deferred Milestone Payments (A$2M / A$2M / A$3M)
payable on the Company announcing JORC Mineral Resources of 125,000 oz, 150,000 oz and 200,000 oz, at the default
50% cash / 50% shares split (50% of A$7,000,000 = A$3,500,000 maximum in shares). Any share component is priced at
the 5-day VWAP of the Company's shares to the trading day before notification that the milestone has been achieved; this
figure uses a A$0.24 deemed price solely to state a maximum.
Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities
3,500,000.000000
Will these +securities rank equally in all respects from their issue date with
the existing issued +securities in that class?
Yes
No
No
Existing class
Yes
Appendix 3B - Proposed issue of securities
Appendix 3B - Proposed issue of securities 5 / 6
Part 7C - Timetable
7C.1 Proposed +issue date
12/10/2026
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.1b Are any of the +securities proposed to be issued without +security holder approval using the entity's 15%
placement capacity under listing rule 7.1?
7D.1b ( i ) How many +securities are proposed to be issued without security holder approval using the entity's 15%
placement capacity under listing rule 7.1?
27,083,333
7D.1c Are any of the +securities proposed to be issued without +security holder approval using the entity's
additional 10% placement capacity under listing rule 7.1A (if applicable)?
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.
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 at Settlement and up to 14,583,333 Milestone Shares in satisfaction of deferred Milestone
Payments.
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
No
No
No
No
No
No
No
Yes
No
Appendix 3B - Proposed issue of securities
Appendix 3B - Proposed issue of securities 6 / 6
7F.2 Any other information the entity wishes to provide about the proposed issue
Consideration Shares: 12,500,000 shares at an issue price of A$0.24 per share (A$3,000,000). Milestone Shares:
Milestone Payments of A$2,000,000, A$2,000,000 and A$3,000,000 are payable in cash or shares as agreed between the
parties (50% cash / 50% shares if not otherwise agreed). Any share component is priced at the 5-day VWAP of the
Company's shares to the trading day before notification that the milestone has been achieved, subject to a maximum of
14,583,333 Milestone Shares in aggregate (equivalent to A$3,500,000 at a deemed price of A$0.24). Total maximum
securities proposed to be issued under this announcement: 27,083,333 (A$6,500,000).
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)
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