ASTRAL RESOURCES NL — Capital/Financing Update 2023

Jul 11, 2023

ASX Announcement 12 July 2023

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CLEANSING NOTICE

SECTION 708A CLEANSING STATEMENT

This notice is given by Astral Resources NL ( Company ) under Section 708A(5)(e) of the Corporations Act 2001 (Cth) (Corporations Act).

On 28 April 2023, the Company announced that it had received firm commitments for a placement of approximately 47,222,222 new Shares to raise approximately $3.4 million (before costs) at $0.072 per Share ( Placement ).

Pursuant to the Placement, 46,111,113 Shares were issued to sophisticated and professional investors on 8 May 2023 (utilising part of the Company’s placement capacity pursuant to Listing Rule 7.1).

Following receipt of shareholder approval at a general meeting held 30 June 2023, a further 1,111,109 Shares were issued to certain Directors of the Company (and/or their nominee(s)) under the Placement on 12 July 2023.

The Company hereby notifies ASX under paragraph 708A(5)(e) of the Act that:

• a) the Company issued the Securities without disclosure to investors under Part 6D.2 of the Corporations Act;

• b) as at the date of this notice the Company has complied with the provisions of Chapter 2M of the Corporations Act as they apply to the Company, and sections 674 and 674A of the Corporations Act; and

• c) as at the date of this notice there is no information:

  • a. that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and

  • b. that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:

• d) as at the date of this notice, there is no other information that is excluded information of the type referred to in section s708A(7) and 708A(8) of the Corporations Act which is required to be disclosed pursuant to section 708A(6)(e).

This announcement has been approved for release by the Company Secretary.

Brendon Morton

Company Secretary

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