Announcement PDF Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 1 / 6 Announcement Summary Entity name CASTLE MINERALS LIMITED Announcement Type New announcement Date of this announcement 19/5/2026 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 CDT ORDINARY FULLY PAID 31,555,556 Proposed +issue date 30/6/2026 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 / 6 Part 1 - Entity and announcement details 1.1 Name of +Entity CASTLE MINERALS LIMITED 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 83116095802 1.3 ASX issuer code CDT 1.4 The announcement is 1.5 Date of this announcement 19/5/2026 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 / 6 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 30/6/2026 Is the date estimated or actual? ** Approval received/condition met? No Comments Shareholder Approval for the Upfront Consideration share issue. 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 CDT : ORDINARY FULLY PAID Number of +securities proposed to be issued 13,888,889 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 The issue of ordinary shares in Castle (up to the value of US$500,000) forms part of the upfront consideration payable to the vendor for the purchase of the Nielle gold project in Côte d'Ivoire. Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities 694,444.000000 Will these +securities rank equally in all respects from their issue date with No No Existing class Estimated Yes Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 4 / 6 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 ASX +security code and description CDT : ORDINARY FULLY PAID Number of +securities proposed to be issued 16,666,667 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 The issue of ordinary shares in Castle (up to the value of US$600,000) forms part of the subsequent consideration payable to the vendor twelve calendar months after settlement, for the purchase of the Nielle gold project in Côte d'Ivoire. Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities 833,333.000000 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 ASX +security code and description CDT : ORDINARY FULLY PAID No Existing class Yes No No Existing class Yes Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 5 / 6 Number of +securities proposed to be issued 1,000,000 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 The Company will pay Euroz Hartleys a success fee of $50,000 plus GST, to be satisfied through the issue of ordinary fully paid shares in the Company. Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities 50,000.000000 Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Part 7C - Timetable 7C.1 Proposed +issue date 30/6/2026 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.1a Date of meeting or proposed meeting to approve the issue under listing rule 7.1 30/6/2026 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? Euroz Hartleys Yes No No No Yes Yes No Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 6 / 6 7E.1b What fee, commission or other consideration is payable to them for acting as lead manager/broker? Upon completion of the Nielle Transaction, the Company will pay Euroz Hartleys a success fee of $50,000 plus GST, to be satisfied through the issue of ordinary fully paid shares in the Company. 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 Part 7F - Further Information 7F.01 The purpose(s) for which the entity is issuing the securities The shares are being issued as part of the acquisition of the Nielle gold project. Please refer to the Company's announcement on 19 May 2026 for further details. 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 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 No