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ASTRAL RESOURCES NL Capital/Financing Update 2024

Dec 30, 2024

64276_rns_2024-12-30_59bdda88-8884-4d59-8636-1bfbf8ac94a4.pdf

Capital/Financing Update

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ASX Announcement

ASX: AAR 31 DECEMBER 2024

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 30 December 2024, the Company announced that it had entered into two separate share sale agreements to acquire approximately 85.5 million shares in Maximus Resources Limited (ASX: MXR) ( Maximus ), representing an aggregate of 19.99% of Maximus shares on issue. The transaction was conducted with Beacon Minerals Limited and Mr Colin Petroulas as a share swap, with Astral agreeing to issue approximately 40.8 million shares as consideration for the 19.99% stake ( Share Swap ).

Pursuant to the Share Swap, 40,773,472 Shares were issued to sophisticated investors on 30 December 2024 (utilising the Company’s placement capacity under Listing Rule 7.1) ( Securities ).

The Company hereby notifies ASX under paragraph 708A(5)(e) of the Corporations 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 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.