Announcement PDF ASX Announcement | 29 November 2024 Variscan Mines Limited (ASX:VAR) RESULTS OF ANNUAL GENERAL MEETING Variscan Mines Limited (“Variscan” or the “Company”) advises that all resolutions put to shareholders at today’s Annual General Meeting were passed on a poll. The details of the voting are set out in Appendix A. Details of Proxies received In accordance with Section 251AA(1) of the Corporations Act, a schedule of valid proxies received for the meeting is set out in Appendix B. This announcement has been approved for release by Mr Mark Pitts, Company Secretary, Variscan Mines Limited. For further information, please contact: Variscan Mines Limited (ASX:VAR) Stewart Dickson Managing Director & CEO E: stewart.dickson@variscan.com.au T: +44 (0) 7799 694195 Media & Investor Enquiries The Capital Network Julia Maguire E: julia@thecapitalnetwork.com.au P: +61 2 8999 3699 About Variscan Mines Limited (ASX:VAR) Variscan Mines Limited (ASX:VAR) is a growth oriented, natural resources company focused on the acquisition, exploration and development of high-quality strategic mineral projects. The Company has compiled a portfolio of highimpact base-metal interests in Spain, Chile and Australia. Its primary focus is the development of its advanced zinc projects in Spain. The Company’s name is derived from the Variscan orogeny, which was a geologic mountain building event caused by Late Paleozoic continental collision between Euramerica (Laurussia) and Gondwana to form the supercontinent of Pangea. To learn more, please visit: www.variscan.com.au For more information Follow us on LinkedIn Follow us on X (formerly Twitter) Visit our investor website: www.variscan.com.au RESULTS OF THE MEETING APPENDIX A Resolution For 1 Adoption of Remuneration Report 233,752,031 1,114,744 99.53% 0.47% 2 Re-election of Director – Dr Frank Bierlein 238,642,235 8,767,338 96.46% 3.54% 3 Approval to issue shares to Stewart Dickson in lieu of Director's Fees 231,488,431 1,093,828 99.53% 0.47% 4 Approval to issue shares to Nick Farr-Jones in lieu of Director's Fees 231,280,098 1,302,161 99.44% 0.56% 5 Ratification of prior issue of Shares and Options December 2023 193,249,924 1,302,161 99.33% 0.67% 6 Ratification of prior issue of Shares and Options January 2024 193,458,257 1,093,828 99.44% 0.56% 7 Ratification of prior issue of Shares - July 2024 195,799,624 1,093,828 99.44% 0.56% 8 Ratification of prior issue of Shares - July 2024 195,757,809 1,093,828 99.44% 0.56% 9 Approval to issue Options 195,710,124 1,183,328 99.40% 0.60% 10 Approval to issue Shares and Options to Nick Farr-Jones pursuant to Loan Agreement 245,062,733 3,628,492 98.54% 1.46% 11 Approval to issue Shares and Options to Anthony Wehby pursuant to Loan Agreement 236,699,223 11,992,002 95.18% 4.82% 12 Approval to issue Shares and Options to Stewart Dickson pursuant to Loan Agreement 231,238,283 3,628,492 98.46% 1.54% 13 Ratification of prior issue of Shares - August 2024 248,761,858 1,093,828 99.56% 0.44% 14 Approval to issue Options to ZincCo 246,387,804 1,183,328 99.52% 0.48% 15 Approval of 10% Placement Capacity 191,131,888 58,765,575 76.48% 23.52% 16 Approval to issue Lead Manager Options 246,012,721 3,884,742 98.45% 1.55% 17 Approval to issue Underwriter Options 175,836,582 1,350,078 99.24% 0.76% Page | 2 Against Excluded/ Abstain Result 15,030,726 Passed 2,487,928 Passed 17,315,242 Passed 17,315,242 Passed 55,345,416 Passed 55,345,416 Passed 53,004,049 Passed 53,045,864 Passed 53,004,049 Passed 1,206,276 Passed 1,206,276 Passed 15,030,726 Passed 41,815 Passed 2,326,369 Passed 38 Passed 38 Passed 72,710,841 Passed SCHEDULE OF PROXIES RECEIVED FOR THE MEETING APPENDIX B Resolution For Against Discretionary Excluded/ Abstain 1 Adoption of Remuneration Report 221,821,392 1,114,744 11,930,639 15,030,726 2 Re-election of Director – Dr Frank Bierlein 225,765,346 8,767,338 12,876,889 2,487,928 3 Approval to issue shares to Stewart Dickson in lieu of Director's Fees 219,557,792 1,093,828 11,930,639 17,315,242 4 Approval to issue shares to Nick Farr-Jones in lieu of Director's Fees 219,349,459 1,302,161 11,930,639 17,315,242 5 Ratification of prior issue of Shares and Options December 2023 181,319,285 1,302,161 11,930,639 55,345,416 6 Ratification of prior issue of Shares and Options January 2024 181,527,618 1,093,828 11,930,639 55,345,416 7 Ratification of prior issue of Shares - July 2024 183,868,985 1,093,828 11,930,639 53,004,049 8 Ratification of prior issue of Shares - July 2024 183,827,170 1,093,828 11,930,639 53,045,864 9 Approval to issue Options 183,520,066 1,183,328 12,190,058 53,004,049 10 Approval to issue Shares and Options to Nick FarrJones pursuant to Loan Agreement 233,132,094 3,628,492 11,930,639 1,206,276 11 Approval to issue Shares and Options to Anthony Wehby pursuant to Loan Agreement 224,768,584 11,992,002 11,930,639 1,206,276 12 Approval to issue Shares and Options to Stewart Dickson pursuant to Loan Agreement 219,307,644 3,628,492 11,930,639 15,030,726 13 Ratification of prior issue of Shares - August 2024 236,831,219 1,093,828 11,930,639 41,815 14 Approval to issue Options to ZincCo 234,455,331 1,183,328 11,932,473 2,326,369 15 Approval of 10% Placement Capacity 179,199,415 58,765,575 11,932,473 38 16 Approval to issue Lead Manager Options 234,080,248 3,884,742 11,932,473 38 17 Approval to issue Underwriter Options 163,904,109 1,350,078 11,932,473 72,710,841 Page | 3