Application for quotation of securities

Appendix 2A - Application for quotation of securities
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Announcement Summary
Entity name
SANTANA MINERALS LIMITED
Announcement Type
New announcement
Date of this announcement
Tuesday December 09, 2025
The +securities to be quoted are:
Total number of +securities to be quoted
ASX +security
codeSecurity description
Number of +securities to
be quotedIssue date
SMIORDINARY FULLY PAID3,018,72009/12/2025
Refer to next page for full details of the announcement
+Securities issued, transferred or re-classified as a result of options being exercised or other +convertible securities being
converted

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Part 1 - Entity and announcement details
1.1 Name of entity
SANTANA MINERALS LIMITED
We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix
2A of the ASX Listing Rules.
1.2 Registered number type
ACN
Registration number
161946989
1.3 ASX issuer code
SMI
1.4 The announcement is
1.5 Date of this announcement
9/12/2025
New announcement

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Part 2 - Type of Issue
2.1 The +securities to be quoted are:
2.2 The +class of +securities to be quoted is:
Additional +securities in a class that is already quoted on ASX ("existing class")
+Securities issued, transferred or re-classified as a result of options being exercised or other +convertible securities being
converted

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Part 3B - number and type of +securities to be quoted (existing class) where issue has not previously been notified to ASX in an
Appendix 3B
Existing +securities converting into additional +securities in an existing class
FROM (Existing Class)
ASX +security code and description
SMIAE : OPTION EXPIRING 23-JAN-2026 EX $0.295
TO (Existing Class)
ASX +security code and description
SMI : ORDINARY FULLY PAID
Please state the number of options
that were exercised or other
+convertible securities that were
converted
1,500,000
The first date the options were
exercised or other +convertible
securities were converted

The last date the options were
exercised or other +convertible
securities were converted
9/12/2025
Is this all of the options or other +convertible securities on issue of that type (ie have all of those options now been
exercised or have all of those convertible securities now been converted)?
The right of the holder of the options or other +convertible securities to receive the +underlying securities is being
satisfied by:
The underlying +securities being received by the holder are:
Were the options being exercised or other +convertible securities being converted issued under an +employee
incentive scheme?
Are any of the options being exercised or other +convertible securities being converted held by +key management
personnel (KMP) or an +associate?
Provide details of the KMP or +associates who are exercising options or converting convertible securities
Name of KMPName of registered holder
Number of options being exercised
or other +convertible securities
being converted
Damian SpringDamian Spring
1,500,000
Issue date
9/12/2025
Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued
+securities in that class?
Yes
Yes
Yes
Intended to be, but are not yet, quoted by ASX
An issue of new +securities
Yes

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Issue details
Number of +securities to be quoted
1,500,000
Are the +securities 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 0.29500000
Any other information the entity wishes to provide about the +securities to be quoted
Existing +securities converting into additional +securities in an existing class
FROM (Existing Class)
ASX +security code and description
SMIAR : OPTION EXPIRING 23-JAN-2026 EX $0.3125
TO (Existing Class)
ASX +security code and description
SMI : ORDINARY FULLY PAID
Please state the number of options
that were exercised or other
+convertible securities that were
converted
1,200,000
The first date the options were
exercised or other +convertible
securities were converted

The last date the options were
exercised or other +convertible
securities were converted
9/12/2025
Is this all of the options or other +convertible securities on issue of that type (ie have all of those options now been
exercised or have all of those convertible securities now been converted)?
The right of the holder of the options or other +convertible securities to receive the +underlying securities is being
satisfied by:
The underlying +securities being received by the holder are:
Were the options being exercised or other +convertible securities being converted issued under an +employee
incentive scheme?
Are any of the options being exercised or other +convertible securities being converted held by +key management
personnel (KMP) or an +associate?
Provide details of the KMP or +associates who are exercising options or converting convertible securities
Name of KMPName of registered holder
Number of options being exercised
or other +convertible securities
being converted
Damian SpringDamian Spring
1,200,000
Issue date
Yes
Yes
Intended to be, but are not yet, quoted by ASX
An issue of new +securities
No
YesYes

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Issue date
9/12/2025
Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued
+securities in that class?
Issue details
Number of +securities to be quoted
1,200,000
Are the +securities 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 0.31250000
Any other information the entity wishes to provide about the +securities to be quoted
Existing +securities converting into additional +securities in an existing class
FROM (Existing Class)
ASX +security code and description
SMIAT : PERFORMANCE RIGHTS
TO (Existing Class)
ASX +security code and description
SMI : ORDINARY FULLY PAID
Please state the number of options
that were exercised or other
+convertible securities that were
converted
318,720
The first date the options were
exercised or other +convertible
securities were converted

The last date the options were
exercised or other +convertible
securities were converted
9/12/2025
Is this all of the options or other +convertible securities on issue of that type (ie have all of those options now been
exercised or have all of those convertible securities now been converted)?
The right of the holder of the options or other +convertible securities to receive the +underlying securities is being
satisfied by:
The underlying +securities being received by the holder are:
Were the options being exercised or other +convertible securities being converted issued under an +employee
incentive scheme?
Are any of the options being exercised or other +convertible securities being converted held by +key management
personnel (KMP) or an +associate?
Provide details of the KMP or +associates who are exercising options or converting convertible securities
Yes
Yes
Intended to be, but are not yet, quoted by ASX
An issue of new +securities
No
Yes
Yes

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Name of KMPName of registered holder
Number of options being exercised
or other +convertible securities
being converted
Damian SpringDamian Spring
282,720
Craig McPhersonMCORP Holdings Pty Ltd
36,000
Issue date
9/12/2025
Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued
+securities in that class?
Issue details
Number of +securities to be quoted
318,720
Are the +securities being issued for a cash consideration?
Please describe the consideration being provided for the +securities
Conversion of performance rights upon achieving vesting conditions
Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the
+securities to be quoted
1.000000
Any other information the entity wishes to provide about the +securities to be quoted
No
Yes

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Part 4 - Issued capital following quotation
Following the quotation of the +securities the subject of this application, the issued capital of the entity will
comprise:
The figures in parts 4.1 and 4.2 below are automatically generated and may not reflect the entity's current issued capital if
other Appendix 2A, Appendix 3G or Appendix 3H forms are currently with ASX for processing.
4.1 Quoted +securities (total number of each +class of +securities quoted on ASX following the +quotation of the
+securities subject of this application)
ASX +security code and description
Total number of
+securities on issue
SMI : ORDINARY FULLY PAID834,358,181
4.2 Unquoted +securities (total number of each +class of +securities issued but not quoted on ASX)
ASX +security code and description
Total number of
+securities on issue
SMIAT : PERFORMANCE RIGHTS1,353,720
SMIAS : OPTION EXPIRING 11-DEC-2026 EX $0.3125409,038
SMIAR : OPTION EXPIRING 23-JAN-2026 EX $0.31252,400,000
SMIAE : OPTION EXPIRING 23-JAN-2026 EX $0.2950
SMIAF : OPTION EXPIRING 23-OCT-2026 EX $0.22234,500,000