Announcement PDF Proposed issue of securities Announcement Summary Entity name BRYAH RESOURCES LIMITED Announcement Type New announcement Date of this announcement 21/11/2023 The Proposed issue is: A placement or other type of issue Total number of +securities proposed to be issued for a placement or other type of issue Maximum Number of +securities to be issued ASX +security code +Security description BYH ORDINARY FULLY PAID 87,960,791 BYHO OPTION EXPIRING 01-DEC-2025 60,862,749 Proposed +issue date 24/11/2023 Refer to next page for full details of the announcement Proposed issue of securities 1/7 Proposed issue of securities Part 1 - Entity and announcement details 1.1 Name of +Entity BRYAH RESOURCES 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 Registration Number ABN 59616795245 1.3 ASX issuer code BYH 1.4 The announcement is New announcement 1.5 Date of this announcement 21/11/2023 1.6 The Proposed issue is: A placement or other type of issue Proposed issue of securities 2/7 Proposed issue of securities 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? Yes 7A.1a Conditions Approval/Condition Date for determination +Security holder approval 18/1/2024 Is the date estimated or actual? ** Approval received/condition met? Estimated Comments Shareholder approval required for the issue of 56,862,749 free attaching options and 4,000,000 options to be issued to the lead manager. 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)? Existing class Will the proposed issue of this +security include an offer of attaching +securities? Yes Details of +securities proposed to be issued ASX +security code and description BYH : ORDINARY FULLY PAID Number of +securities proposed to be issued 85,294,124 Offer price details Are the +securities proposed to be issued being issued for a cash consideration? Yes In what currency is the cash consideration being paid? Proposed issue of securities What is the issue price per +security? 3/7 Proposed issue of securities consideration being paid? +security? AUD - Australian Dollar AUD 0.01700 Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Yes Attaching +Security Is the proposed attaching 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)? Existing class Attaching +Security - Existing class (additional +securities in a class that is already quoted or recorded by ASX) Details of attaching +securities proposed to be issued ASX +security code and description BYHO : OPTION EXPIRING 01-DEC-2025 Number of +securities proposed to be issued 56,862,749 Offer price details Are the +securities proposed to be issued being issued for a cash consideration? No Please describe the consideration being provided for the +securities Free attaching to issue of shares on a two (2) for three (3) basis. Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities 0.006000 Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Yes 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 Proposed issue of securities Will the proposed issue of this +security include an offer of attaching +securities? 4/7 Proposed issue of securities No or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)? Existing class Details of +securities proposed to be issued ASX +security code and description BYH : ORDINARY FULLY PAID Number of +securities proposed to be issued 2,666,667 Offer price details Are the +securities proposed to be issued being issued for a cash consideration? No Please describe the consideration being provided for the +securities Corporate services relating to the company's tenement portfolio Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities 45,333.000000 Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Yes 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)? Existing class Will the proposed issue of this +security include an offer of attaching +securities? No Details of +securities proposed to be issued ASX +security code and description BYHO : OPTION EXPIRING 01-DEC-2025 Number of +securities proposed to be issued 4,000,000 Offer price details Are the +securities proposed to be issued being issued for a cash Proposed issue of securities 5/7 Proposed issue of securities Are the +securities proposed to be issued being issued for a cash consideration? No Please describe the consideration being provided for the +securities Part consideration of Lead Manager fees Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities 0.006000 Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Yes Part 7C - Timetable 7C.1 Proposed +issue date 24/11/2023 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? No 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? Yes 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? 52,100,263 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)? Yes 7D.1c ( i ) How many +securities are proposed to be issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A? 35,860,528 7D.1c ( ii ) Please explain why the entity has chosen to do a placement rather than a +pro rata issue or an offer under a +security purchase plan in which existing ordinary +security holders would have been eligible to participate Most efficient mechanism to secure funds in a timely manner in the current market environment and to secure selected professional and sophisticated investors. Proposed issue of securities 6/7 Proposed issue of securities 7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue? No 7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules? No 7D.4 Will any of the +securities to be issued be subject to +voluntary escrow? No Part 7E - Fees and expenses 7E.1 Will there be a lead manager or broker to the proposed issue? Yes 7E.1a Who is the lead manager/broker? SP Corporate Advisory Pty Ltd 7E.1b What fee, commission or other consideration is payable to them for acting as lead manager/broker? 6% in capital raising fees plus 4,000,000 listed options (BYHO) 7E.2 Is the proposed issue to be underwritten? No 7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue Part 7F - Further Information 7F.01 The purpose(s) for which the entity is issuing the securities Fast tracking the Lake Johnston lithium project, obtaining approvals associated with conducting exploration activities and general working capital. 7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds? No 7F.2 Any other information the entity wishes to provide about the proposed issue 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) Proposed issue of securities 7/7