ALLUP SILICA LIMITED NOTES TO THE FINANCIAL STATEMENTS 52 FINANCIAL REPORT ALLUP SILICA Year Ending 30 June 2023 Note 13: Issued Capital Issued Shares 2023 2022 Number $ Number $ Ordinary shares fully paid 84,511,665 6,218,184 84,511,665 6,218,184 Reconciliation of the movements in ordinary share capital: Number of shares $ Opening balance 1 July 2021 42,731,665 1,073,049 Issue of shares on 13 September 2021 on exercise of options 1,250,000 120,000 Issue of shares on 13 October 2021 on exercise of founders’ options 9,000,000 7,200 Issue of shares on 13 October 2021 on placement 2,000,000 40,000 Issue of shares on 28 October 2021 on placement 4,000,000 400,000 Issue of shares on 19 November 2021 pursuant to acquisition of tenements 530,000 106,000 Issue of shares on admission to ASX on 28 April 2022 25,000,000 5,000,000 Transfer from share options reserve - 313,047 Share issue costs - (841,112) Closing balance 30 June 2022 84,511,665 6,218,184 Opening balance 1 July 2022 84,511,665 6,218,184 Closing balance 30 June 2023 84,511,665 6,218,184 Note 14: Reserves 2023 $ 2022 $ Share Option Reserve Opening balance 443,603 122,640 Share based payments 57,732 788,185 Options exercised - (313,047) Options expired - (154,175) Closing balance 501,335 443,603 Numbers of Options on Issue No. Opening balance 1 July 2021 9,000,000 Options exercised on 13 October 2021 (9,000,000) Options issued on 23 July 2021 Directors’ sign-on 2,500,000 Options exercised on 13 September 2021 (1,250,000) Options expired on 27 October 2021 (1,250,000) Options issued to advisor on 2 May 2022 5,000,000 Closing balance 30 June 2022 5,000,000 Opening balance 1 July 2022 5,000,000 Closing balance 30 June 2023 5,000,000
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