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Appendix 3B - Placement

Capital Raise10 August 2025SMIMaterials

Appendix 3B - Proposed issue of securities
Appendix 3B - Proposed issue of securities

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Announcement Summary

Entity name

SANTANA MINERALS LIMITED

Announcement Type

New announcement

Date of this announcement

11/8/2025

The Proposed issue is:

Total number of +securities proposed to be issued for a placement or other type of issue

ASX +security code+Security description

Maximum Number of

+securities to be issued

SMIORDINARY FULLY PAID103,448,276

Proposed +issue date

18/8/2025

Refer to next page for full details of the announcement

A placement or other type of issue

Appendix 3B - Proposed issue of securities
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Part 1 - Entity and announcement details

1.1 Name of +Entity

SANTANA 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

ABN

Registration Number

37161946989

1.3 ASX issuer code

SMI

1.4 The announcement is

1.5 Date of this announcement

11/8/2025

1.6 The Proposed issue is:

A placement or other type of issue

New announcement

Appendix 3B - Proposed issue of securities
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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?

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

SMI : ORDINARY FULLY PAID

Number of +securities proposed to be issued

103,448,276

Offer price details

Are the +securities proposed to be issued being issued for a cash

consideration?

In what currency is the cash

consideration being paid?

AUD - Australian Dollar

What is the issue price per

+security?

AUD 0.58000

Will these +securities rank equally in all respects from their issue date with

the existing issued +securities in that class?

Yes

Yes

No

Existing class

No

Appendix 3B - Proposed issue of securities
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Part 7C - Timetable

7C.1 Proposed +issue date

18/8/2025

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?

103,448,276 ordinary shares will be issued utilising the company's placement capacity under listing rule 7.1.

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.1a Who is the lead manager/broker?

Canaccord Genuity (Australia) Limited

7E.1b What fee, commission or other consideration is payable to them for acting as lead manager/broker?

Canaccord Genuity (Australia) Limited acted as Sole Lead Manager, Underwriter and Bookrunner to the Placement and

will be paid a total management fee of 1% and a placement fee of 4%.

7E.2 Is the proposed issue to be underwritten?

7E.2a Who are the underwriter(s)?

Canaccord Genuity (Australia) Limited

7E.2b What is the extent of the underwriting (ie the amount or proportion of the proposed issue that is

underwritten)?

Refer ASX announcement 11 August 2025.

7E.2c What fee, commission or other consideration is payable to them for acting as underwriter(s)?

Canaccord Genuity (Australia) Limited acted as Sole Lead Manager, Underwriter and Bookrunner to the Placement and

will be paid a total management fee of 1% and a placement fee of 4%.

Yes

Yes

No

No

No

No

Yes

No

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7E.2d Please provide a summary of the significant events that could lead to the underwriting being terminated.

Refer ASX announcement 11 August 2025.

7E.3 Is a party referred to in listing rule 10.11 underwriting or sub-underwriting the proposed issue?

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

Refer ASX announcement 11 August 2025.

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

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)

No

No

Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.

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