Announcement PDF Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Announcement Summary Entity name BALLARD MINING LIMITED Date of this announcement Thursday September 11, 2025 The +securities the subject of this notification are: +Securities issued under an +employee incentive scheme that are subject to a restriction on transfer and are not being quoted on ASX until the restriction ends Total number of +securities to be issued/transferred ASX +security code New class - code to be confirmed Security description Total number of +securities to be issued/transferred Issue date 4,107,600 10/09/2025 Performance Rights Refer to next page for full details of the announcement Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 1/7 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 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 Registration number ABN 73685311577 1.3 ASX issuer code BM1 1.4 The announcement is New announcement 1.5 Date of this announcement 11/9/2025 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 2/7 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Part 2 - Issue details 2.1 The +securities the subject of this notification are: +Securities issued under an +employee incentive scheme that are subject to a restriction on transfer and are not being quoted on ASX until the restriction ends 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") Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 3/7 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Part 3C - number and type of +securities the subject of this notification (new class) New +securities issued under an +employee incentive scheme ASX +security code +Security description New class - code to be confirmed Performance Rights +Security type ISIN code Other Date the +securities the subject of this notification were issued 10/9/2025 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes Provide details of the KMP or +associates being issued +securities. Name of KMP Name of registered holder Number of +securities Todd Hibberd Todd Hibberd 3,000,000 Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. 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 a) 1,369,200 vest subject to the Company delineating and announcing a 1.5Moz gold Mineral Resource as signed off by an independent Competent Person under the JORC Code. 1,000,000 expire 5 years from issue date with the remainder 3 years from issue date. b) 1,369,200 vest subject to the Company delineating and announcing a 2.0Moz gold Mineral Resource as signed off by an independent Competent Person under the JORC Code. 1,000,000 expire 5 years from issue date with the remainder 3 years from issue date. c) 1,369,200 vest subject to the Company releasing the results of a Definitive Feasibility Study, to the satisfaction of the Board. 1,000,000 expire 5 years from issue date with the remainder 3 years from issue date. Issue details Number of +securities 4,107,600 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 4/7 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 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 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 183,689,106 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 BM1AB : OPTION EXPIRING 09-JUL-2028 RESTRICTED 2,500,000 BM1AA : ORDINARY FULLY PAID RESTRICTED New class - code to be confirmed : Performance Rights Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 156,310,994 4,107,600 6/7 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 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? Yes 5.1a Select the number of the applicable exception in Listing Rule 7.2 13 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 7/7