DMC Mining : Proposed issue of securities - DMM

Proposed issue of securitiesAnnouncement Summary

Entity name

For personal use only

DMC MINING LIMITED.

Announcement Type New announcement

Date of this announcement 22/4/2022

The Proposed issue is:

A standard pro rata issue (including non-renounceable or renounceable)

Total number of +securities proposed to be issued for a standard pro rata issue (including non-renounceable or renounceable)

Ex date 5/5/2022

+Record date 6/5/2022

Offer closing date 20/5/2022

Issue date 27/5/2022

Refer to next page for full details of the announcementProposed issue of securities

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Proposed issue of securities

Part 1 - Entity and announcement details

1.1 Name of +Entity

DMC MINING LIMITED.

For personal use only

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 ABN

Registration Number 25648372516

1.3 ASX issuer code DMM

1.4 The announcement isNew announcement

1.5 Date of this announcement 22/4/2022

1.6 The Proposed issue is:

A standard +pro rata issue (non-renounceable or renounceable)

1.6a The proposed standard +pro rata issue is:+ Non-renounceable

Proposed issue of securities

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Proposed issue of securitiesPart 3 - Details of proposed entitlement offer issue

For personal use only

Part 3A - Conditions

3A.1 Do any external approvals need to be obtained or other conditions satisfied before the entitlement offer can proceed on an unconditional basis?

No

Part 3B - Offer details

Class or classes of +securities that will participate in the proposed issue and class or classes of +securities proposed to be issued

ASX +security code and description DMM : ORDINARY FULLY PAID

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

Details of +securities proposed to be issued

Will the proposed issue of this +security include an offer of attaching +securities?

No

ISIN Code (if Issuer is a foreign company and +securities are non CDIs)ISIN Code for the entitlement or right to participate in a non-renounceable issue (if Issuer is foreign company and +securities are non CDIs)

Have you received confirmation from Will the entity be seeking quotationASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1?

No

ASX +security code

New class-code to be confirmed

DMMO - Options exercisable at $0.20, expiring 30/04/2026

+Security type

Proposed issue of securities

of the 'new' class of +securities on ASX?

Yes

+Security description

If the entity has quoted company options, do the terms entitle option holders to participate on exercise?

No

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Proposed issue of securities

+Security type

Options

Offer ratio (ratio to existing holdings at which the proposed +securities will be issued)

For personal use only

The quantity of additional +securities	For a given quantity of +securities
to be issued	held
1	2
What will be done with fractional	Maximum number of +securities
entitlements?	proposed to be issued (subject to
rounding)
Fractions rounded down to the nearest	25,575,000
whole number or fractions disregarded

Offer price details for retail security holders

In what currency will the offer be	What is the offer price per +security
made?	for the retail offer?
AUD - Australian Dollar	AUD 0.00500
Oversubscription & Scale back details

Will individual +security holders be permitted to apply for more than their entitlement (i.e. to over-subscribe)?

Yes

Describe the limits on over-subscription

Eligible shareholders will be entitled to apply for Loyalty Options that are not taken up pursuant to a Shortfall offer.

Will a scale back be applied if the offer is over-subscribed?

Yes

Describe the scale back arrangements

The Directors and the Underwriter reserve the right to issue to an Applicant a lesser number of Shortfall Options than the number for which the Applicant applies, or to reject an Application for Shortfall Options, or to not proceed with placing the Shortfall Options.

Will all the +securities issued in this class rank equally in all respects from their issue date?

Yes

Proposed issue of securities

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Proposed issue of securities

Options details

+Security currency	Exercise price	Expiry date
AUD - Australian Dollar	AUD 0.2000	30/4/2026

For personal use only

Details of the type of +security that will be issued if the option is exercised DMM : ORDINARY FULLY PAID

Number of securities that will be issued if the option is exercised One fully paid ordinary share (ASX:DMM)

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.

The full terms and conditions of the Loyalty Options are set out in Section 5.1 of the Loyalty Options Prospectus dated 22 April 2022, an electronic copy of which is available on the Company's website atwww.dmcmining.com.au

Part 3C - Timetable

3C.1 +Record date

6/5/2022

3C.2 Ex date

5/5/2022

3C.4 Record date

6/5/2022

3C.5 Date on which offer documents will be sent to +security holders entitled to participate in the +pro rata issue 11/5/2022

3C.6 Offer closing date 20/5/2022

3C.7 Last day to extend the offer closing date 17/5/2022

3C.9 Trading in new +securities commences on a deferred settlement basis 23/5/2022

3C.11 +Issue date and last day for entity to announce results of +pro rata issue 27/5/2022

Proposed issue of securities

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