We're issuing 9,879,608 new Critical Resources shares under our 15% placement capacity, without needing shareholder approval. This is a companion piece to our announcement of 28 September 2026 about acquiring a 90% interest in the Greenstars Project.

Of this total, 2,500,000 shares are being issued as completion consideration for that acquisition, valued at 0.008000 per share. The remaining 7,379,608 shares cover introducer fees related to the Greenstars deal, calculated at 5% of consideration and priced using RBA exchange rates and the 10-day volume weighted average price at the time of issue, at the consultant's election.

Both tranches will rank equally with our existing ordinary shares from their issue date. No cash is changing hands for these shares, they're being issued directly as consideration and fees tied to growing our project portfolio. The proposed issue date is 30 November 2029.

There's no lead manager, no underwriting, and none of the shares will be restricted or subject to voluntary escrow. For the full detail on the Greenstars Project itself, including what it means strategically, our 28 September 2026 announcement is the primary source, this Appendix 3B is simply the formal mechanics of how the consideration shares get issued.

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