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ASTRAL RESOURCES NL Capital/Financing Update 2024

Sep 30, 2024

64276_rns_2024-09-30_e8c2db3d-1110-4e7d-b2ad-130b41b5d59b.pdf

Capital/Financing Update

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ASX Announcement

ASX: AAR 1 OCTOBER 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 25 September 2024, the Company announced that it had received firm commitments for a twotranche placement of new fully paid ordinary shares in the Company to eligible sophisticated, institutional and professional investors to raise approximately $25.0 million (before costs). Approximately 263 million shares are to be issued at $0.095 per share ( Placement ).

Tranche 1 of the Placement involves the issue of 221,052,632 shares at an issue price of $0.095 per share, utilising the Company’s existing placement capacity under Listing Rule 7.1 and Listing Rule 7.1A ( Tranche 1 Placement Shares ). Tranche 2 of the Placement involves the issue of approximately 42,105,263 shares at an issue price of $0.095 per share, subject to receipt of shareholder approval ( Tranche 2 Placement Shares ).

Pursuant to the Placement, 221,052,632 Tranche 1 Placement Shares were issued to institutional, professional and sophisticated investors on 1 October 2024 (utilising the Company’s placement capacity under Listing Rule 7.1 and Listing Rule 7.1A) ( Securities ).

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).