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 / 7 Announcement Summary Entity name BALLARD MINING LIMITED Date of this announcement Friday September 04, 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 New class - code to be confirmed OPTION EXPIRING 04-SEP-31 Ex $1.10 4,500,000 04/09/2026 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 / 7 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 4/9/2026 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 / 7 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: does not have an existing ASX security code ("new 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 / 7 Part 3C - number and type of +securities the subject of this notification (new class) ASX +security code New class - code to be confirmed +Security description OPTION EXPIRING 04-SEP-31 Ex $1.10 +Security type Options ISIN code Date the +securities the subject of this notification were issued 4/9/2026 Will all the +securities issued in this class rank equally in all respects from their issue date? Were any of the +securities issued to +key management personnel (KMP) or an +associate? Provide details of the KMP or +associates being issued +securities. Name of KMP Name of registered holder Number of +securities Paul Brennan Paul Brennan 1,000,000 Timothy Manners Timothy Peter Manners 1,000,000 Simon Lill Simon Lill 1,000,000 James Croser Mrs Amanda Jane Croser <Croser Family A/C> 750,000 Stuart Mathews Stuart James Mathews 750,000 Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. Please refer to Notice of Meeting lodged with the ASX on 3 August 2026 for a summary of the incentive plan lodged on the ASX 10 July 2025 https://asx.api.cmfyapp.com/asx-research/1.0/file/2924-03117396-6A1337076&v=undefined Options Details +Security currency AUD - Australian Dollar Exercise price AUD 1.10000000 Expiry date 4/9/2031 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option BM1 : ORDINARY FULLY PAID Yes Yes 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 / 7 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 Please refer to Notice of Meeting lodged with the ASX on 3 August 2026 for a summary of the incentive plan lodged on the ASX 10 July 2025 https://asx.api.cmfyapp.com/asx-research/1.0/file/2924-03117396-6A1337076&v=undefined Any other information the entity wishes to provide about the +securities the subject of this notification As approved by shareholders 4 September 2026 Issue details Number of +securities 4,500,000 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 / 7 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 298,294,810 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 $0.845 750,000 BM1AB : OPTION EXPIRING 09-JUL-2028 RESTRICTED 2,500,000 BM1AA : ORDINARY FULLY PAID RESTRICTED 156,310,994 BM1AH : PERFORMANCE RIGHTS 5,919,980 New class - code to be confirmed : OPTION EXPIRING 04-SEP-31 Ex $1.10 4,500,000 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 7 / 7 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? 5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? 5.2a Date of meeting or proposed meeting to approve the issue under listing rule 7.1 4/9/2026 Yes No