Dividends

All Australian and New Zealand resident MinRes shareholders are eligible to participate in the DRP for shares held on the relevant dividend record date. To qualify as a resident you must have a registered address in Australia or New Zealand at the relevant dividend record date.

Shareholders can make their election online by visiting https://www-au.computershare.com/Investor

For questions and support, please contact the MinRes Share Registry on 1300 555 159 (within Australia) or +61 3 9415 4062 (outside Australia).

You do not have to pay any brokerage, commission or other transaction costs to MinRes in respect of shares issued under the DRP, and, under current laws, no stamp duty is payable by you in respect of those shares.

Your DRP participation will apply to the first dividend payable after your Participation Form is received.

For a dividend where the record date has already passed, your form must be received by 5:00pm (AWST) on the business day after the record date (the 'Election Date'). Forms received after that time will apply from the next dividend.

Whilst the DRP remains in effect, your election will remain current for future dividends unless you change or withdraw your election.

No. In addition to varying, suspending or terminating the DRP, the MinRes Board may at any time determine that the DRP will not apply to a particular dividend by making an announcement to the ASX.

We will announce to the market whether the DRP applies in respect of a particular dividend at the same time the dividend is announced.

Yes, participation is voluntary. You can choose to participate, not participate, or partially participate in the DRP, as outlined in the DRP Rules.

If you do not want to participate in the DRP you do not have to do anything and you will continue to be paid dividends in cash.

Yes. You can choose to partially participate in the DRP by nominating in your online election the number of shares you wish to participate in the DRP.

Your dividend entitlement on any shares not participating in the DRP will be paid in cash.

If you choose full participation, the DRP applies to your whole shareholding. This includes any shares you later receive under the DRP.

Yes. You can change or withdraw your participation by updating your online election preferences at https://www-au.computershare.com/Investor before 5:00pm (AWST) on the business day after the relevant dividend record date. The change or withdrawal will apply for the first dividend after the submission of your online election, provided the election will only apply for a dividend if it is submitted before 5:00pm (AWST) on the business day after the relevant dividend record date for that dividend.

Variations received after this time will be effective from the next dividend record date for determination of entitlements (or such other date as notified).

A withdrawal takes effect from the first record date after the Share Registry receives your notice. If there is a balance in your DRP account when you withdraw, it will be paid to you.

MinRes has not set a maximum or minimum DRP participation limit.

All DRP participants will be issued shares at the same price under the DRP. This price is called the Allocation Price and is determined under the DRP Rules.

The Allocation Price is based on the daily volume weighted average price of all shares sold on the ASX over a 'calculation period'. The calculation period is at least five consecutive trading days and starts no earlier than two business days after the record date. The Directors set the period, and MinRes will announce it to the ASX. The Directors can exclude any trades they consider do not reflect normal supply and demand. Any discount is then deducted.

The DRP Rules provide that the MinRes Board may, in its discretion, choose to allow participants a discount in respect of the share price calculated under the DRP Rules in respect of any dividend. Any discount will be announced to the ASX. A discount is not guaranteed.

Your dividend on your participating shares (less any withholding tax, if applicable) is credited to your DRP account. We then divide your account balance, including any amount carried forward from earlier dividends, by the Allocation Price. The result is rounded down to the nearest whole share.

Where the calculation of your DRP shares results in a fractional share entitlement, the cash value of that fractional entitlement will be carried forward in your DRP account and added to your next dividend for the purposes of calculating your DRP shares. No interest is paid on this balance.

If you stop participating, or are treated as having stopped, any balance in your DRP account will be paid to you.

Shares will be allotted to DRP participants on the dividend payment date.

A holding statement will be issued to each DRP participant as soon as practicable, confirming the number of shares allotted to each DRP participant.

You will need to make an election for each shareholding registered under different names or each shareholding bearing different security holder reference numbers (SRNs) or holder identification numbers (HINs).

For joint holdings, all joint holders must submit an online election. If any joint holder is not an eligible shareholder, the joint holding cannot participate.

What if I hold shares as a trustee, nominee or broker on behalf of others?

If you are a registered holder acting for several beneficial owners, you can notify the Share Registry the number of shares held for each person at the record date. You do not need to give their names. Unless the Board decides otherwise, each of those parcels is then treated as a separate shareholding for the DRP.

The Australian Taxation Office (ATO) currently treats dividends reinvested under DRPs in the same way as cash dividends. The ATO also currently regards the amount of the dividend reinvested as forming part of the cost base of the shares received. If a dividend is franked, you are treated as receiving a franked dividend with franking credits attached.

Shares received under the DRP are generally subject to capital gains tax when you dispose of them. The cost base is usually the amount of dividend used to pay for the shares, and the acquisition date is the date the shares are issued to you.

MinRes takes no responsibility for any taxation liabilities of shareholders who participate in the DRP. We recommend you obtain professional taxation advice in relation to the tax consequences of participating in the DRP.

For non-residents:

• If you are a non-resident who is eligible to participate, you are not subject to Australian dividend withholding tax to the extent the dividend is franked.
• You are generally only subject to Australian capital gains tax on shares acquired under the DRP if they are 'taxable Australian property'.

You can sell any or all of your shares at any time.

If you elect to partially participate in the DRP and you dispose of part of your shareholding then, unless you vary your election, to the extent possible the shares disposed of will be taken to be shares not participating in the DRP.

If you sell all your shares, you are treated as having withdrawn from the DRP when MinRes registers the transfer. If you are not on the register at the next record date, you are deemed to have withdrawn on that date. Any balance in your DRP account will be paid to you.

If you are a partial participant in the DRP and you subsequently acquire additional MinRes shares, these additional shares will only participate in the DRP to the extent that you alter your participation level by updating your election preferences at https://www-au.computershare.com/Investor.

When MinRes receives notice of the death, bankruptcy or liquidation of a participant, that participant's participation ends. For a joint holding, participation ends for all joint holders.

Yes. MinRes can vary, suspend or terminate the DRP at any time by notice to the ASX. It must give at least five business days' notice before the change takes effect.

If the DRP is varied: you continue to participate on the varied terms unless you change or withdraw your participation.

If the DRP is suspended: all elections are suspended and no shares are treated as participating for any dividend paid during the suspension. This lasts until the Board resumes or terminates the DRP. If the DRP is reinstated, your previous election applies again unless MinRes determines otherwise