General discussion, page-64

I was trying to find some information on the above.

On page 6 of the Prospectus - Mining - IPO

https://wcsecure.weblink.com.au/pdf/LRD/02507013.pdf

"In addition, subject to completion of the Offer and listing on the ASX, the
Company presently intends on undertaking a pro-rata offer of loyalty options to
existing shareholders registered on a record date proposed to be on or about 3
months from the date of listing (Loyalty Options). It is expected that these options
will be issued at $0.01 per loyalty option, on a 1 for 2 basis, with an exercise price
of $0.25 and expiring 31 January 2027. Subject to compliance with the Listing
Rules, the Company also intends to apply for quotation of these Loyalty Options".

*********************
Please correct me if I am wrong with my understanding below of the above statement:

* Shareholders of LRD on record date (around July 2022) will be eligible to apply for the Loyalty options.

* Expected price to purchase options will be $0.01 per loyalty option (This could change, as no definitive price set)

* Quantity available to purchase by existing shareholders on the record date, will be 1 Option for every 2 LRD shares held.

* These options will have an exercise price of $0.25 and expiring 31 January 2027 (shareholders can convert these purchased
options to heads by paying $0.25 on or before 31 January 2027 or let them expire and lose the $0.01 per loyalty option)

* "Company also intends to apply for quotation of these Loyalty Options", so these can possibly be traded on the ASX until
31 January 2027.

Seems fantastic