Announcement PDF Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 1 / 7 Announcement Summary Entity name CODA MINERALS LTD Announcement Type New announcement Date of this announcement 1/6/2026 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 New class-code to be confirmed Unquoted options exercisable at $0.26 each and expiring 3 years from issue date. 7,700,000 COD ORDINARY FULLY PAID 51,538,465 CODO OPTION EXPIRING 28-MAR-2029 12,884,616 Proposed +issue date 4/6/2026 Refer to next page for full details of the announcement A placement or other type of issue Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 2 / 7 Part 1 - Entity and announcement details 1.1 Name of +Entity CODA MINERALS LTD 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 49625763957 1.3 ASX issuer code COD 1.4 The announcement is 1.5 Date of this announcement 1/6/2026 1.6 The Proposed issue is: A placement or other type of issue New announcement Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 3 / 7 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? 7A.1a Conditions Approval/Condition +Security holder approval Date for determination 13/7/2026 Is the date estimated or actual? ** Approval received/condition met? No Comments Tranche 2 of placement (15,384,618 Shares and 12,884,616 CODO Options) and 7,700,000 broker options are subject to shareholder approval. 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 COD : ORDINARY FULLY PAID Number of +securities proposed to be issued 51,538,465 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 0.13000 Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Yes Yes Existing class Estimated Yes Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 4 / 7 Attaching +Security Is the proposed attaching 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)? Attaching +Security - Existing class (additional +securities in a class that is already quoted or recorded by ASX) Details of attaching +securities proposed to be issued ASX +security code and description CODO : OPTION EXPIRING 28-MAR-2029 Number of +securities proposed to be issued 12,884,616 Offer price details Are the +securities proposed to be issued being issued for a cash consideration? Please describe the consideration being provided for the +securities Attaching CODO Option based on 1 Option for every 4 Shares subscribed for in the Placement. Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities 0.00000001 Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? 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 ISIN Code (if Issuer is a foreign company and +securities do not have +CDIs issued over them) Have you received confirmation from ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1? Will the entity be seeking quotation of the 'new' class of +securities on ASX? No No No New class Yes No Existing class Yes Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 5 / 7 ASX +security code New class-code to be confirmed +Security description Unquoted options exercisable at $0.26 each and expiring 3 years from issue date. +Security type Options Number of +securities proposed to be issued 7,700,000 Offer price details Are the +securities proposed to be issued being issued for a cash consideration? Please describe the consideration being provided for the +securities Issue of options as part consideration to the Joint Lead Managers of the Placement. Refer ASX announcement of 1 June 2026 for further information. Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities 0.00000001 Will all the +securities issued in this class rank equally in all respects from their issue date? Options details +Security currency AUD - Australian Dollar Exercise price AUD 0.2600 Expiry date 13/7/2029 Details of the type of +security that will be issued if the option is exercised COD : ORDINARY FULLY PAID Number of securities that will be issued if the option is exercised One fully paid ordinary share (ASX:COD) Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities proposed to be issued or provide the information by separate announcement. Refer ASX announcement of 1 June 2026. Part 7C - Timetable 7C.1 Proposed +issue date 4/6/2026 Yes No Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 6 / 7 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? 35,831,165 Shares 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.1c ( i ) How many +securities are proposed to be issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A? 322,682 Shares 7D.1c ( ii ) Please explain why the entity has chosen to do a placement rather than a +pro rata issue or an offer under a +security purchase plan in which existing ordinary +security holders would have been eligible to participate A placement was seen as an efficient and cost effective method of raising funds to expedite PFS workstreams. The Company undertook an entitlement issue offered to all shareholders in 2025. 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? Cumulus Wealth Pty Ltd (AFSL 524450) and Leeuwin Wealth Pty Ltd (AFSL 561674) acted as Joint Lead Managers to the Placement. 7E.1b What fee, commission or other consideration is payable to them for acting as lead manager/broker? The Joint Lead Managers will receive a customary fee of 6% payable on the total funds received under the Placement and 7.7M unlisted new options with an exercise price of $0.26 per Option and an expiration of 3 years from issue date to be issued subject to Shareholder approval. 7E.2 Is the proposed issue to be underwritten? 7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue N/A No Yes No No Yes Yes Yes No Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 7 / 7 Part 7F - Further Information 7F.01 The purpose(s) for which the entity is issuing the securities To accelerate high-value PFS workstreams, including expanded metallurgical programmes, additional hydrogeological drilling and enhanced independent technical review and for general working capital. 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 Refer ASX announcement of 1 June 2026. 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 The publication of a cleansing notice under section 708A(5), 708AA(2)(f), 1012DA(5) or 1012DAA(2)(f) No