Announcement PDF Appendix 3B - Proposed issue of securities Announcement Summary Entity name NAVARRE MINERALS LIMITED Announcement Type New announcement Date of this announcement 7/6/2024 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 ASX +security code +Security description New class-code to be confirmed Convertible Notes Maximum Number of +securities to be issued 1,674,006 Proposed +issue date 8/8/2024 Refer to next page for full details of the announcement Appendix 3B - Proposed issue of securities 1/6 Appendix 3B - Proposed issue of securities Part 1 - Entity and announcement details 1.1 Name of +Entity NAVARRE MINERALS 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 ACN 125140105 1.3 ASX issuer code NML 1.4 The announcement is New announcement 1.5 Date of this announcement 7/6/2024 1.6 The Proposed issue is: A placement or other type of issue Appendix 3B - Proposed issue of securities 2/6 Appendix 3B - 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 6/8/2024 Is the date estimated or actual? ** Approval received/condition met? Estimated No Comments Following the completion of the capital raising announced on 6 June 2024, the Company will seek shareholder approval to convert approximately 1.7m dollars in convertible debt into Convertible Notes on the terms outlined within the announcement dated 6 June 2024. 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)? 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 do not have +CDIs issued over them) Have you received confirmation from ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1? No Will the entity be seeking quotation of the 'new' class of +securities on ASX? No ASX +security code +Security description New class-code to be confirmed Convertible Notes +Security type +Convertible debt securities Appendix 3B - Proposed issue of securities 3/6 Appendix 3B - Proposed issue of securities Number of +securities proposed to be issued 1,674,006 Offer price details Are the +securities proposed to be issued being issued for a cash consideration? Yes In what currency is the cash What is the issue price per consideration being paid? +security? AUD - Australian Dollar AUD 1.00000 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes +Convertible debt securities details These securities are: Type of security Convertible Convertible note or bond +Security currency Face value AUD - Australian Dollar AUD 1.0000 Interest rate type Fixed rate Frequency of coupon/interest payments per year First interest payment date Monthly 6/7/2024 Interest rate per annum 15.00000 % Is the interest rate per annum estimated at this time? No s128F of the Income Tax Assessment Act status applicable to the +security s128F exemption status unknown Is the +security perpetual (ie. no maturity date)? No Maturity date 6/6/2025 Select other features applicable to the +security Secured Is there a first trigger date on which a right of conversion, redemption, call or put can be exercised (whichever is first)? No Details of the type of +security that will be issued if the securities are converted, transformed or exchanged Appendix 3B - Proposed issue of securities 4/6 Appendix 3B - Proposed issue of securities exchanged NML : ORDINARY FULLY PAID Number of +securities that will be issued if the +securities are converted, transformed or exchanged (including, if applicable, any interest) The conversion price will be 65% percent of the price payable per ordinary share in a Capital Raise undertaken for the purposes of the Reinstatement at a subsequent date. 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. https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02814925-3A643924 Part 7C - Timetable 7C.1 Proposed +issue date 8/8/2024 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? Yes 7D.1a Date of meeting or proposed meeting to approve the issue under listing rule 7.1 6/8/2024 7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue? Yes 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? Harbury Advisors Pty Ltd 7E.1b What fee, commission or other consideration is payable to them for acting as lead manager/broker? The Company will pay Harbury a fee of 6% of all funds raised (excluding funds raised or personally contributed by Directors & Management and their personal networks which only attract a 2% fee). An additional $15,000 bonus payment if max $2m reached. 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 Nil Appendix 3B - Proposed issue of securities 5/6 Appendix 3B - Proposed issue of securities Part 7F - Further Information 7F.01 The purpose(s) for which the entity is issuing the securities Tenement management, exploration preparation works including costs in the Tandarra Gold Project JV. Pay the DOCA deed administrator satisfying their key condition to remove the DOCA and also covering compliance related costs for re-complying with the ASX. 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 Nil Appendix 3B - Proposed issue of securities 6/6