Announcement PDF Date of Meeting: Monday, 19 October 2026 Time of Meeting: 9.00am (Brisbane time) Address of Meeting: C/- HopgoodGanim, Level 10 360 Queen Street, Brisbane Q 4000 Notice of Extraordinary General Meeting and Information Memorandum ASX: AKN | ABN: 29 070 859 522 Important Information Notice is given that the Company will hold an Extraordinary General Meeting (EGM or Meeting) at Level 10, 360 Queen Street, Brisbane, on Monday, 19 October 2026 at 9.00am (Brisbane time). In accordance with the Corporations Act 2001 (Cth), the Company will not be sending hard copies of the Notice of Extraordinary General Meeting and Explanatory Memorandum to Shareholders (except for any Shareholder who has provided an election to the Company to receive a hard copy document only pursuant to the Corporations Act 2001 (Cth)). Instead, Shareholders can view and download the Notice of General Meeting and accompanying Explanatory Memorandum at https://investorcentre.linkgroup.com using your secure access information or from the Australian Securities Exchange Limited (ASX) Market Announcement Platform under the Company’s code: AKN. Each Resolution will be decided by poll, based on proxy votes and by votes from Shareholders in attendance at the Meeting. The outcome of the resolutions, including details of votes received by poll, will be released to the Company’s ASX announcements platform following conclusion of the meeting. Proxy Forms Based on Shareholders’ registered election for communications (mail or electronically by email) each Shareholder will receive, a copy of their personalised proxy form. Shareholders are encouraged to complete and lodge their proxies online or otherwise in accordance with the instructions set out in the proxy form and the Notice. Your proxy voting instruction must be received by 9.00am (Brisbane time) on 17 October 2026, being not less than 48 hours before the commencement of the EGM. Any proxy voting instructions received after that time will not be valid for the EGM. The Notice is important and should be read in its entirety. If you are in doubt as to the course of action you should follow, you should consult your financial adviser or other professional adviser. If you have any difficulties obtaining a copy of the Notice of Meeting please contact the Company’s share registry, Automic on 1300 288 664 (within Australia) and +61 2 9698 5414 (from overseas). Voting entitlement For the purposes of determining voting entitlements at the Meeting, shares will be taken to be held by the persons who are registered as holding the shares at 9.00am (Brisbane time) on 17 October 2026. Accordingly, transactions registered after that time will be disregarded in determining entitlements to attend and vote at the Meeting. Notice of Extraordinary General Meeting Notice is given that the Extraordinary General Meeting of Shareholders of AuKing Mining Limited ACN 070 859 522 (Company) will be held on Monday, 19 October 2026 at 9.00am (Brisbane time) at Level 10, 360 Queen Street Brisbane Qld 4000. The Explanatory Memorandum to this Notice of Meeting provides additional information on matters to be considered at the General Meeting. The Explanatory Statement and the Proxy Form forms part of this Notice of Meeting. Terms used in this Notice of Meeting are defined in Section 9 of the accompanying Explanatory Memorandum. Agenda Ordinary business 1. Resolution 1 - Ratification of Prior Issue of Placement Shares under the Placement To consider and, if thought fit, to pass the following resolution as an Ordinary Resolution, with or without amendment: “That, for the purposes of ASX Listing Rule 7.4 and for all other purposes, the Shareholders ratify the allotment and prior issue of 200,000,000 Shares issued on 22 July 2026 to the Placement Recipients at a price of $0.025 per Share (Placement Shares) and otherwise on the terms and conditions set out in the Explanatory Memorandum which accompanies and forms part of this Notice of Meeting.” Voting Exclusion Statement The Company will disregard any votes cast in favour of this Resolution 1 by or on behalf of: • the Placement Recipients; or • an Associate of those persons. However, this does not apply to a vote cast in favour of this Resolution 1 by: • a person as a proxy or attorney for a person who is entitled to vote on the Resolution, in accordance with directions given to the proxy or attorney to vote on the Resolution in that way; or • the chair of the meeting as proxy or attorney for a person who is entitled to vote on the Resolution, in accordance with a direction given to the chair to vote on the Resolution as the chair decides; or • a holder acting solely in a nominee, trustee, custodial or other fiduciary capacity on behalf of a beneficiary provided the following conditions are met: Notice of Extraordinary General Meeting - the beneficiary provides written confirmation to the holder that the beneficiary is not excluded from voting, and is not an associate of a person excluded from voting, on the Resolution; and - the holder votes on the Resolution in accordance with directions given by the beneficiary to the holder to vote in that way. 2. Resolution 2 - Ratification of Prior Issue of Shares under the Mkaka Service Contract To consider and, if thought fit, to pass the following resolution as an Ordinary Resolution, with or without amendment: “That, for the purposes of ASX Listing Rule 7.4 and for all other purposes, the Shareholders ratify the allotment and prior issue of 2,311,190 Shares issued on 22 July 2026 to the Mkaka Recipients at a price of $0.025 per Share (Mkaka Shares) and otherwise on the terms and conditions set out in the Explanatory Memorandum which accompanies and forms part of this Notice of Meeting.” Voting Exclusion Statement The Company will disregard any votes cast in favour of this Resolution 2 by or on behalf of: • the Mkaka Recipients; or • an Associate of those persons. However, this does not apply to a vote cast in favour of this Resolution 2 by: • a person as a proxy or attorney for a person who is entitled to vote on the Resolution, in accordance with directions given to the proxy or attorney to vote on the Resolution in that way; or • the chair of the meeting as proxy or attorney for a person who is entitled to vote on the Resolution, in accordance with a direction given to the chair to vote on the Resolution as the chair decides; or • a holder acting solely in a nominee, trustee, custodial or other fiduciary capacity on behalf of a beneficiary provided the following conditions are met: - the beneficiary provides written confirmation to the holder that the beneficiary is not excluded from voting, and is not an associate of a person excluded from voting, on the Resolution; and - the holder votes on the Resolution in accordance with directions given by the beneficiary to the holder to vote in that way. Notice of Extraordinary General Meeting 3. Resolution 3 - Ratification of previous issue of Lead Manager Options To consider and, if thought fit, to pass the following resolution as an Ordinary Resolution, with or without amendment: “That, for the purposes of ASX Listing Rule 7.4 and for all other purposes, the Shareholders ratify the allotment and prior issue of 35,000,000 Options to GBA Capital Pty Ltd and Whairo Capital Pty Ltd (or their nominees) (Lead Managers) with an exercise price of $0.006 per Option expiring on 31 December 2026 (Lead Manager Options) and otherwise on the terms and conditions set out in the Explanatory Memorandum which accompanies and forms part of this Notice of Meeting.” Voting Exclusion Statement The Company will disregard any votes cast in favour of this Resolution 3 by or on behalf of: • the Lead Managers; or • an Associate of those entities. However, this does not apply to a vote cast in favour of this Resolution 3 by: • a person as a proxy or attorney for a person who is entitled to vote on the Resolution, in accordance with directions given to the proxy or attorney to vote on the Resolution in that way; or • the chair of the meeting as proxy or attorney for a person who is entitled to vote on the Resolution, in accordance with a direction given to the chair to vote on the Resolution as the chair decides; or • a holder acting solely in a nominee, trustee, custodial or other fiduciary capacity on behalf of a beneficiary provided the following conditions are met: - the beneficiary provides written confirmation to the holder that the beneficiary is not excluded from voting, and is not an associate of a person excluded from voting, on the Resolution; and - the holder votes on the Resolution in accordance with directions given by the beneficiary to the holder to vote in that way. 4. Resolution 4 – Ratification of previous issue of Underwriting Options To consider and, if thought fit, pass the following resolution, as an Ordinary Resolution of the Company: “That, for the purposes of ASX Listing Rule 7.4 and for all other purposes, the Shareholders ratify the allotment and prior issue of 10,000,000 Options to GBA Capital Pty Ltd (or their nominees) (GBA) with an exercise price of $0.006 per Option expiring on 31 December 2026 Underwriting Options) and otherwise on the terms Notice of Extraordinary General Meeting and conditions set out in the Explanatory Memorandum which accompanies and forms part of this Notice of Meeting.” Voting Exclusion Statement The Company will disregard any votes cast in favour of this Resolution 4 by or on behalf of: • GBA; or • an Associate of that entity. However, this does not apply to a vote cast in favour of this Resolution 4 by: • a person as a proxy or attorney for a person who is entitled to vote on the Resolution, in accordance with directions given to the proxy or attorney to vote on the Resolution in that way; or • the chair of the meeting as proxy or attorney for a person who is entitled to vote on the Resolution, in accordance with a direction given to the chair to vote on the Resolution as the chair decides; or • a holder acting solely in a nominee, trustee, custodial or other fiduciary capacity on behalf of a beneficiary provided the following conditions are met: - the beneficiary provides written confirmation to the holder that the beneficiary is not excluded from voting, and is not an associate of a person excluded from voting, on the Resolution; and - the holder votes on the Resolution in accordance with directions given by the beneficiary to the holder to vote in that way. 5. Resolution 5 – Ratification of the Prior Issue of GEL Acquisition Shares To consider and, if thought fit, pass the following resolution, as an Ordinary Resolution of the Company: “That, in accordance with ASX Listing Rule 7.4, and for all other purposes, the Shareholders ratify the allotment and prior issue, or agreement to issue, 40,000,000 Shares (GEL Acquisition Shares) issued (or agreed to issue) by the Company to Tusker Minerals Limited ABN 91 663 592 318 (and/or its nominees) (TSK) in accordance with the obligations under a Sale Agreement dated 17 August 2026 at an issue price of $0.025 per share) and otherwise on the terms and conditions set out in the Explanatory Memorandum which accompanies and forms part of this Notice of Meeting.” Voting Exclusion Statement The Company will disregard any votes cast in favour of this Resolution 5 by or on behalf of: Notice of Extraordinary General Meeting • Tusker Minerals Limited or • an Associate of that entity. However, this does not apply to a vote cast in favour of this Resolution 5 by: • a person as a proxy or attorney for a person who is entitled to vote on the Resolution, in accordance with directions given to the proxy or attorney to vote on the Resolution in that way; or • the chair of the meeting as proxy or attorney for a person who is entitled to vote on the Resolution, in accordance with a direction given to the chair to vote on the Resolution as the chair decides; or • a holder acting solely in a nominee, trustee, custodial or other fiduciary capacity on behalf of a beneficiary provided the following conditions are met: - the beneficiary provides written confirmation to the holder that the beneficiary is not excluded from voting, and is not an associate of a person excluded from voting, on the Resolution; and - the holder votes on the Resolution in accordance with directions given by the beneficiary to the holder to vote in that way. 6. Resolution 6 – Ratification of the Prior Issue of Machinga Performance Shares To consider and, if thought fit, pass the following resolution, as an Ordinary Resolution of the Company: “That, in accordance with ASX Listing Rule 7.4, and for all other purposes, the Shareholders ratify the allotment and prior issue, or agreement to issue, 50,000,000 Performance Shares (Machinga Performance Shares) issued by the Company to Tusker Minerals Limited ABN 91 663 592 318 (and/or its nominees) (TSK) in accordance with the obligations under a Sale Agreement dated 17 August 2026 and otherwise on the terms and conditions set out in the Explanatory Memorandum which accompanies and forms part of this Notice of Meeting.” Voting Exclusion Statement The Company will disregard any votes cast in favour of this Resolution 6 by or on behalf of: • Tusker Minerals Limited; or • an Associate of that entity. However, this does not apply to a vote cast in favour of this Resolution 6 by: • a person as a proxy or attorney for a person who is entitled to vote on the Resolution, in accordance with directions given to the proxy or attorney to vote on the Resolution in that way; or Notice of Extraordinary General Meeting • the chair of the meeting as proxy or attorney for a person who is entitled to vote on the Resolution, in accordance with a direction given to the chair to vote on the Resolution as the chair decides; or • a holder acting solely in a nominee, trustee, custodial or other fiduciary capacity on behalf of a beneficiary provided the following conditions are met: - the beneficiary provides written confirmation to the holder that the beneficiary is not excluded from voting, and is not an associate of a person excluded from voting, on the Resolution; and - the holder votes on the Resolution in accordance with directions given by the beneficiary to the holder to vote in that way. 7. Resolution 7 - Ratification of the Prior Issue of Ngala Performance Shares To consider and, if thought fit, pass the following resolution, as an Ordinary Resolution of the Company: “That, in accordance with ASX Listing Rule 7.4, and for all other purposes, the Shareholders ratify the allotment and prior issue, or agreement to issue, 20,000,000 Performance Shares (Ngala Performance Shares) issued by the Company to Tusker Minerals Limited ABN 91 663 592 318 (and/or its nominees) (TSK) in accordance with the obligations under a Sale Agreement dated 17 August 2026 and otherwise on the terms and conditions set out in the Explanatory Memorandum which accompanies and forms part of this Notice of Meeting.” Voting Exclusion Statement The Company will disregard any votes cast in favour of this Resolution 7 by or on behalf of: • Tusker Minerals Limited; or • an Associate of that entity. However, this does not apply to a vote cast in favour of this Resolution 7 by: • a person as a proxy or attorney for a person who is entitled to vote on the Resolution, in accordance with directions given to the proxy or attorney to vote on the Resolution in that way; or • the chair of the meeting as proxy or attorney for a person who is entitled to vote on the Resolution, in accordance with a direction given to the chair to vote on the Resolution as the chair decides; or Notice of Extraordinary General Meeting • a holder acting solely in a nominee, trustee, custodial or other fiduciary capacity on behalf of a beneficiary provided the following conditions are met: - the beneficiary provides written confirmation to the holder that the beneficiary is not excluded from voting, and is not an associate of a person excluded from voting, on the Resolution; and - the holder votes on the Resolution in accordance with directions given by the beneficiary to the holder to vote in that way. 8. Other Business To consider any other business as may be lawfully put forward in accordance with the Constitution of the Company. BY ORDER OF THE BOARD Paul Marshall Company Secretary 10 September 2026 Explanatory Memorandum 9 1. Introduction The following information is provided to Shareholders of the Company in connection with the business to be considered at the Extraordinary General Meeting of Shareholders to be held at Level 10, 360 Queen Street, Brisbane on Monday, 19 October 2026 commencing at 9.00am (Brisbane time). The Directors recommend Shareholders read the accompanying Notice of Meeting and this Explanatory Memorandum in full before making any decision in relation to the Resolutions. Unless otherwise defined, terms used in this Explanatory Memorandum are defined in Section 9. 2. Resolution 1 - Ratification of prior issue of Placement Shares under the Placement 2.1 Introduction As announced on 14 July 2026, the Company received firm commitments to raise up to $5,000,000 (before costs) pursuant to a placement of 200,000,000 Shares (Placement Shares) to professional and sophisticated investors at an issue price of $0.025 per Share (Placement). The Placement Shares were issued pursuant to the Company’s placement capacity under ASX Listing Rule 7.1A, ratification of which is sought under Resolution 1. The Placement was conducted with the assistance of GBA Capital Pty Ltd and Whairo Capital Pty Ltd, who acted as Joint Lead Managers for the Placement. The Company agreed to pay a 6% cash fee for funds raised under the Placement (being approximately $300,000) and the issue of 35,000,000 Options on a pro rata basis to the Joint Lead Managers (or their nominees). The Options proposed to be issued to the Joint Lead Managers are subject to Shareholder approval (being the subject of Resolution 3). The funds received by the Company under the Placement are to be utilized for the following purposes: (a) Advance the Company’s exploration programs; (b) Provide flexibility to evaluate and pursue strategic opportunities; (c) Working capital; and (d) Costs of the Placement. 2.2 Listing Rule 7.1A In accordance with Listing Rule 7.4, Shareholder approval is sought to ratify the issue and allotment of the Placement Shares, being issues of securities made by the Company on 22 July 2026 for which shareholder approval has not already been obtained. Under Listing Rule 7.1A, shareholders can give prior approval (by special resolution at an annual general meeting) to the issue of securities equivalent to an additional 10% of its fully paid ordinary issued capital over a 12 month period. Shareholders gave their approval for the issue of additional shares under Listing Rule 7.1A at the last annual general meeting of the Company before the Placement held on 27 May 2026. Explanatory Memorandum 10 Equity securities issued with shareholder approval under Listing Rule 7.4 do not count towards the 10% limit under Listing Rule 7.1A. Listing Rule 7.4 provides that an issue of securities made without prior approval under Listing Rules 7.1A can be treated as having been made with that approval if shareholders subsequently approve it. If Resolution 1 is approved it will have the effect of refreshing the Company’s ability, to the extent of the Placement Shares, to issue further capital pursuant to the approval given pursuant to Listing Rule 7.1A (and if the issue did not breach either of LR 7.1 or LR 7.1A at the time of issue) without the need to obtain further Shareholder approval (subject to the Listing Rules and the Corporations Act). If Resolution 1 is not passed, the Placement Shares will be counted, as applicable, toward the 10% limit pursuant to Listing Rule 7.1A for a period not later than the Company’s next annual general meeting (due in May 2027). 2.3 Information for Listing Rule 7.5 For the purposes of Listing Rule 7.5, the Company provides the following information: Listing Rule Information 7.5.1 The names of the persons to whom the Securities are issued or agreed to be issued or the basis on which those persons were identified or selected The Placement Shares were issued to the Placement Recipients, none of whom is a related party of the Company. The participants of the Placement were sophisticated and professional investors and clients of the Joint Lead Managers and introduced to the Company by those firms. The Joint Lead Managers were paid a maximum cash fee of 6% of the funds raised from the Placement. In addition, a total of 35,000,000 options exercisable at $0.006 on or before 31 December 2026 were issued to the Joint Lead Managers (or their nominees). No Placement Recipient is a related party of the Company. No Placement Recipient is: • a member of the Company’s Key Management Personnel; • a substantial holder of the Company; • an adviser to the Company; or Explanatory Memorandum 11 Listing Rule Information • an associate of any of the above. None of the Placement Recipients are considered to be "material investors" for the purposes of ASX Guidance Note 21, paragraph 7.4. 7.5.2 The number and class of Securities issued or agreed to be issued Listing Rule 7.1A – 200,000,000 Placement Shares (each being the subject of Resolution 1). 7.5.3 Summary of the material terms of the Securities The Placement Shares were fully paid on issue and ranked equally in all aspects with all existing Shares previously issued by the Company. 7.5.4 Date or dates on which the Securities were or will be issued The Placement Shares were issued on 22 July 2026. 7.5.5 The price or other consideration the entity has received or will receive for the issue The issue price of the Placement Shares was $0.025 per Share. 7.5.6 The purpose of the issue, including the use or intended use of any funds raised by the issue Proceeds from the issue of the Placement Shares were used for: • Advancing the Company’s exploration programs; • Providing flexibility to evaluate and pursue strategic opportunities; • Working capital; and • Costs of the Placement. 7.5.7 Summary of the material terms of the agreement The Placement Shares were issued under a placement acceptance letter that contained standard terms for the issue of shares. 7.5.8 A voting exclusion statement. A voting exclusion statement is included in the Notice of Meeting for Resolution 1. 2.4 Directors’ recommendation The Directors unanimously recommend that you vote in favour of Resolution 1. Explanatory Memorandum 12 3. Resolution 2 - Ratification of Prior Issue of Shares under the Mkaka Service Contract 3.1 Background Prior to commencement of drilling activities at the Company’s Tundulu rare earths project in southern Malawi, the Company engaged local firm, Mkaka Constructions Limited (Mkaka) to carry out certain roadworks aimed at improving project site access and the main road between the nearby township of Nambazu and Migowi (Mkaka Service Contract).The Mkaka Service Contract was entered into in May 2026 and later varied in early July 2026 whereby Company and Mkaka agreed that a total of up to USD40,000 in service fees payable under the Mkaka Service Contract would be paid in the form of issued Shares in the Company, on the same terms as the Placement Shares. The Company issued a total of 2,311,190 Shares (Mkaka Shares) to nominees of Mkaka pursuant to this arrangement under the Company’s existing ASX Listing Rule 7.1 placement capacity on 22 July 2026. Resolution 2 is an Ordinary Resolution and seeks Shareholder approval to the issue of the Mkaka Shares for the purposes of Listing Rule 7.1. 3.2 Listing Rule 7.1 - Issues exceeding 15% of capital In accordance with ASX Listing Rule 7.4, Shareholder approval is sought to ratify the issue and allotment of the Mkaka Shares pursuant to AKN’s Listing Rule 7.1 placement capacity, as per the Appendix 3B dated 14 July 2026, being securities either issued or agreed to be issued by the Company for which shareholder approval has not already been obtained. Listing Rule 7.1 prohibits a company, except in certain cases, from issuing new equity securities equivalent in number to more than 15% of its fully paid ordinary issued capital in the 12 month period immediately preceding the date of the issue or agreement (if the entity has been admitted to the official list for 12 months or more) or the period from the date the entity was admitted to the official list to the date immediately preceding the date of the issue or agreement (if the entity has been admitted to the official list for less than 12 months) without the prior approval of its shareholders. Equity securities issued with shareholder approval under Listing Rule 7.4 do not count towards the 15% limit under Listing Rule 7.1. Listing Rule 7.4 provides that an issue of securities made without prior approval under Listing Rules 7.1 can be treated as having been made with that approval if shareholders subsequently approve it. If Resolution 2 is approved it will have the effect of refreshing the Company’s ability, to the extent of Mkaka Shares, to issue further capital during the next 12 months pursuant to the approval given pursuant to Listing Rules 7.1 (and if the issue did not breach either of LR 7.1 at the time of issue) without the need to obtain further Shareholder approval (subject to the Listing Rules and the Corporations Act). If Resolution 2 is not passed, the Mkaka Shares will be counted, as applicable, toward the 15% limit pursuant to Listing Rule 7.1. Explanatory Memorandum 13 Equity Securities issued with shareholder approval under Listing Rule 7.1 do not count towards the 15% Capacity. Therefore, the Company is seeking Shareholder approval in accordance with Listing Rule 7.4 to ratify the issue the Mkaka Shares and so that the Mkaka Shares do not count towards the Company’s 15% Capacity. 3.3 Information for Listing Rule 7.5 For the purposes of ASX Listing Rule 7.5, the Company provides the following information: Listing Rule Information 7.5.1: Allottees of Equity Securities The Mkaka Shares were issued to parties nominated by Mkaka pursuant to the Mkaka Service Contract (Mkaka Share Recipients). No Mkaka Share Recipient is a related party of the Company. No Mkaka Share Recipient is: • a member of the Company’s Key Management Personnel; • a substantial holder of the Company; • an adviser to the Company; • an associate of any of the above. None of the Mkaka Share Recipients are considered to be "material investors" for the purposes of ASX Guidance Note 21, paragraph 7.4. 7.5.2: Number and class of Securities that will be issued The Company issued a maximum of 2,311,190 Shares to the Mkaka Share Recipients. A summary of the Company’s current issued capital and expected issued capital if all of the Resolutions in the Notice of Meeting are approved is set out in Schedule 1 to this Explanatory Memorandum. 7.5.3: Summary of material terms of Securities The Mkaka Shares were fully paid on issue and ranked equally in all aspects with all existing Shares previously issued by the Company. 7.5.4: Date or dates on or by which the Company will issue the Securities The Mkaka Shares were issued on 22 July 2026. Explanatory Memorandum 14 Listing Rule Information 7.5.5: Price of Equity Securities The price of the Mkaka Shares was $0.025, representing a total USD40,000 of funds otherwise payable under the Mkaka Service Contract. 7.5.6: Purpose of issuing the Securities The Mkaka Shares were issued in lieu of the payment by the Company of service fees otherwise payable in cash under the Mkaka Service Contract. 7.5.7: Summary of agreement The Mkaka Service Contract provided for the conduct of road maintenance and repair works in and around the Company’s Tundulu rare earths project in southern Malawi, prior to the commencement of exploration drilling by the Company in May 2026. Mkaka was paid service fees at an agreed rate in respect of the conduct of the roadworks carried out for the Company. 7.5.8 Voting exclusion statement A voting exclusion statement is included in the Notice of Meeting. 3.4 Outcome of Voting for or against the Resolution If Resolution 2 is passed, the issue of the Mkaka Shares will be excluded from the calculation of the Company’s 15% limit in ASX Listing Rule 7.1, maintaining the number of equity securities it can issue without Shareholder approval over the 12 month period following the issue of the Mkaka Shares. 3.5 Directors’ recommendation The Directors unanimously recommend that you vote in favour of Resolution 2. 4. Resolution 3 - Ratification of previous issue of Lead Manager Options 4.1 Introduction On 14 July 2026 the Company announced details of the Placement including that it had engaged GBA Capital Pty Ltd and Whairo Capital Pty Ltd as the Joint Lead Managers for the Placement. The Company entered into a mandate agreement dated 13 July 2026 with the Joint Lead Managers to assist the Company to complete the Placement. Under the terms of engagement of the Joint Lead Managers, the Company agreed to allot and issue to them (or their nominees), a total of 35,000,000 options that are the same class as the Company’s existing AKNO class, being exercisable at $0.006 on or before 31 December 2026 (Lead Manager Options). This issue of the Lead Manager Options was undertaken within the Company’s capacity under Listing Rule 7.1 and the specific terms and conditions applicable to the Lead Manager Options are set out in Schedule 1 of this Explanatory Memorandum. Resolution 3 is an Ordinary Resolution and seeks Shareholder ratification of the prior issue of the Lead Manager Options in accordance with Listing Rule 7.4. Explanatory Memorandum 15 4.2 Listing Rule 7.4 In accordance with Listing Rule 7.4, Shareholder approval is sought to ratify the issue and allotment of the Lead Manager Options, being issues of securi