ASTRAL RESOURCES NL — M&A Activity 2025

Mar 6, 2025

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Level 29, Central Park Tower 152-158 St Georges Terrace Perth WA 6000 Australia

PO Box Z5025, St Georges Terrace Perth WA 6831 T +61 8 9404 9100 F +61 8 9300 1338

7 March 2025

Online lodgement

Market Announcements Office ASX Limited Level 40, Central Park 152-158 St Georges Terrace Perth WA 6000

Dear Sir/Madam

Astral's off-market takeover bid for all the shares of Maximus Resources Limited – Notice under section 650D of the Corporations Act 2001 (Cth)

We act for Astral Resources NL ACN 009 159 077 (ASX:AAR) ( Astral ) in relation to its off-market takeover bid under Chapter 6 of the Corporations Act 2001 ( Corporations Act ) for all of the fully paid ordinary shares in the capital of Maximus Resources Limited ACN 111 977 354 (ASX:MXR) ( Maximus ) ( Offer ) as detailed in the bidder's statement dated 3 February 2025.

On behalf of Astral, we enclose pursuant to section 650D of the Corporations Act, a notice in relation to the extension of the Offer period, lodged with the Australian Securities and Investments Commission on 7 March 2025.

Yours faithfully

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Michael Ng Partner

T +61 8 9404 9154 M +61 466 563 889 E mng@tglaw.com.au

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Legal/90093435_3

Astral Resources NL ACN 009 159 077

Notice under subsection 650D(1) of the Corporations Act 2001 (Cth)

Notice of variation - Extension of Offer Period

To: Australian Securities & Investments Commission

ASX Limited

Maximus Resources Limited ACN 111 977 354 (ASX: MXR)

Each Maximus shareholder and other person referred to in sections 650D(1)(c) and 650D(2) of the Corporations Act 2001 (Cth) (as modified by ASIC (Takeover Bids) Instrument 2023/683)

Astral Resources NL ACN 009 159 077 (ASX: AAR) ( Astral ) gives notice for the purposes of section 650D of the Corporations Act 2001 (Cth) ( Corporations Act ) that its takeover offer ( Offer ) for all of the fully paid ordinary shares in Maximus Resources Limited ACN 111 977 354 ( Maximus ) is varied by extending the Offer Period.

Capitalised terms in this notice have the same meaning given in the Bidder's Statement, unless the context requires otherwise.

EXTENSION OF OFFER PERIOD

In accordance with section 650C of the Corporations Act, Astral varies the Offer by:

• (a) extending the Offer Period so that the Offer will remain open for acceptance until 7:00pm (AEDT) on 21 March 2025, unless further extended or withdrawn in accordance with the Corporations Act; and

• (b) accordingly, the Offer is varied by replacing "7:00pm (AEDT) on 7 March 2025" with "7:00pm (AEDT) on 21 March 2025" where it appears, or is deemed to appear, in the Bidder's Statement and Acceptance Form as the last day of the Offer Period.

LODGEMENT WITH ASIC

A copy of this notice was lodged with ASIC on 7 March 2025. ASIC takes no responsibility for the contents of this notice.

In accordance with paragraph 650D(3)(b) of the Corporations Act (as modified by ASIC Instrument 2023/683), this notice to extend the Offer Period has been approved by a unanimous resolution passed by the directors of Astral.

Date: 7 March 2025

Signed for and on behalf of Astral by:

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Marc Ducler Director