29,453,592 Ordinary Shares of Ballard Mining limited are subject to a Lock-Up Agreement Ending on 9-JAN-2026. These Ordinary Shares will be under lockup for 183 days starting from 10-JUL-2025 to 9-JAN-2026.

Details:
In accordance with Chapter 9 of the Listing Rules and the voluntary escrow arrangements entered into, or proposed to be entered into, with the Escrowed Parties prior to the Admission Date, upon Listing (assuming Maximum Subscription and on an undiluted basis) it is expected that: (i) approximately 46% of the Shares on issue (which will be held by Delta) will not be able to be traded for 24 months as they will be subject to ASX imposed escrow and will be classified as Restricted Securities; and (ii) approximately 8.5% of the Shares on issue (which will be held by the Escrowed Parties) will not be able to be traded for six months from their date of issue as they will be subject to voluntary escrow, and subject to an orderly market provision for a further six months. This assumes that the Company has entered into voluntary escrow deeds with each of the Escrowed Parties as at the Admission Date.
156,310,894 fully paid ordinary shares classified by ASX as restricted securities and to be held in escrow until 14 July 2027, being 24 months from the date of Quotation. 2,500,000 options exercisable at $0.375 on or before 9 July 2028, classified by ASX as restricted securities and to be held in escrow until 14 July 2027, being 24 months from the date of Quotation. 2,500,000 options exercisable at $0.50 on or before 9 July 2029, classified by ASX as restricted securities and to be held in escrow until 14 July 2027, being 24 months from the date of Quotation. 1,000,000 options exercisable at $0.375 on or before 14 July 2028, classified by ASX as restricted securities and to be held in escrow until 14 July 2027, being 24 months from the date of Quotation. 1,000,000 options exercisable at $0.50 on or before 14 July 2028, classified by ASX as restricted securities and to be held in escrow until 14 July 2027, being 24 months from the date of Quotation. 9,000,000 Performance Rights which expire on 9 July 2030, classified by ASX as restricted securities and to be held in escrow until 14 July 2027, being 24 months from the date of Quotation.