Announcement PDF Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 1 / 6 Announcement Summary Entity name BALLARD MINING LIMITED Date of this announcement Tuesday January 27, 2026 The +securities the subject of this notification are: Total number of +securities to be issued/transferred ASX +security code Security description Total number of +securities to be issued/transferred Issue date BM1AH PERFORMANCE RIGHTS 159,000 20/01/2026 Refer to next page for full details of the announcement +Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 2 / 6 Part 1 - Entity and announcement details 1.1 Name of entity BALLARD MINING LIMITED We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities. 1.2 Registered number type ABN Registration number 73685311577 1.3 ASX issuer code BM1 1.4 The announcement is 1.5 Date of this announcement 27/1/2026 New announcement Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 3 / 6 Part 2 - Issue details 2.1 The +securities the subject of this notification are: 2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which: has an existing ASX security code ("existing class") +Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 4 / 6 Part 3B - number and type of +securities the subject of this notification (existing class) where issue has not previously been notified to ASX in an Appendix 3B ASX +security code and description BM1AH : PERFORMANCE RIGHTS Date the +securities the subject of this notification were issued 20/1/2026 Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class Were any of the +securities issued to +key management personnel (KMP) or an +associate? Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms https://ballardmining.com.au/announcements/7049072 Any other information the entity wishes to provide about the +securities the subject of this notification Issue details Number of +securities 159,000 No Yes Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 5 / 6 Part 4 - +Securities on issue Following the issue, conversion or payment up of the +securities the subject of this notification, the +securities 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 issued and quoted on ASX) ASX +security code and description Total number of +securities on issue BM1 : ORDINARY FULLY PAID 222,044,810 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 BM1AE : OPTION EXPIRING 09-JUL-2029 RESTRICTED 2,500,000 BM1AC : OPTION EXPIRING 14-JUL-2028 RESTRICTED 1,000,000 BM1AD : OPTION EXPIRING 14-JUL-2028 RESTRICTED 1,000,000 BM1AF : PERFORMANCE RIGHTS 09-JUL-2030 RESTRICTED 9,000,000 BM1AG : PERFORMANEC RIGHTS EXPIRING 09-JUL-2030 1,500,000 BM1AI : OPTION EXPIRING 09-DEC-2029 EX $0.845 1,125,000 BM1AB : OPTION EXPIRING 09-JUL-2028 RESTRICTED 2,500,000 BM1AA : ORDINARY FULLY PAID RESTRICTED 156,310,994 BM1AH : PERFORMANCE RIGHTS 4,266,600 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 6 / 6 Part 5 - Other Listing Rule requirements 5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? 5.1a Select the number of the applicable exception in Listing Rule 7.2 13 Yes