Desert Metals : Notification regarding unquoted securities - DM1

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

	Announcement Summary
only	Entity name
DESERT METALS LIMITED
		Date of this announcement
		Thursday June 02, 2022
		The +securities the subject of this notification are:
		Other
use	Total number of +securities to be issued/transferred
ASX +security
		code	Security description
		New class - code	Unquoted option excercisable $0.50 expiring 2
		to be confirmed	June 2025
personalFor	Refer to next page for full details of the announcement

Total number of +securities to be

issued/transferred Issue date

4,090,908 02/06/2022

Notification of Issue, Conversion or Payment up of Unquoted

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 1 - Entity and announcement details

For personal use only

1.1 Name of entity

DESERT METALS 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	84617947172
1.3	ASX issuer code
DM1

1. The announcement is New announcement
2. Date of this announcement

2/6/2022

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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: Other

For personal use only

Please specify

as per Appendix 3B lodged 28 March 2022

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")

Notification of Issue, Conversion or Payment up of Unquoted

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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) where issue has not previously been notified to ASX in an Appendix 3B

only	New +securities
ASX +security code			+Security description
	New class - code to be confirmed			Unquoted option excercisable $0.50 expiring 2 June 2025
	+Security type			ISIN code
	Options
use	Date the +securities the subject of this notification were issued
2/6/2022
	Will all the +securities issued in this class rank equally in all respects from their issue date?
personal	Yes
Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under
	listing rule 6.1?
	No
	Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
	issued.
	https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02515181-6A1088959?access_token=8
	3ff96335c2d45a094df02a206a39ff4
Options Details
	+Security currency	Exercise price		Expiry date
	AUD - Australian Dollar	AUD 0.50000000	2/6/2025
	Details of the existing class of +security that will be issued upon exercise or conversion of this new class of
For	company option
Other
Description

DM1 Fully Paid Ordinary Shares

Any other information the entity wishes to provide about the +securities the subject of this notification

Notification of Issue, Conversion or Payment up of Unquoted

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

n/a

	Issue details
only	Number of +securities
		4,090,908
		Were the +securities issued for a cash consideration?
use	No
Please describe the consideration being provided for the +securities
free attaching options to placement 28 March 2022
Purpose of the issue
To raise additional working capital
Forpersonal

Notification of Issue, Conversion or Payment up of Unquoted

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