ASTRAL RESOURCES NL — M&A Activity 2025

Feb 27, 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

28 February 2025

Online lodgement

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

Dear Sir/Madam

Astral Resources NL's off-market takeover bid for all the shares of Maximus Resources Limited – Notice of status of defeating conditions

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 (Cth) ( 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 ) on the terms set out in its bidder's statement dated 3 February 2025 ( Bidder's Statement ).

On behalf of Astral, we enclose, pursuant to section 630(5)(b) of the Corporations Act, the notice of the status of the defeating condition to the Offer required by section 630(3) of the Corporations Act.

The Offer is scheduled to close at 7.00pm (AEDT) on Friday, 7 March 2025, unless extended or withdrawn.

Yours sincerely

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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/89971692_2

Astral Resources NL ACN 009 159 077

Notice under subsection 630(3) of the Corporations Act 2001 (Cth)

Status of defeating conditions

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

ASX Limited ACN 008 624 691

Astral Resources NL ACN 009 159 077 (ASX:AAR) ( Astral ) has made offers under an offmarket takeover bid under Chapter 6 of the Corporations Act 2001 (Cth) ( Corporations Act ) for all of the fully paid ordinary shares in the capital of Maximus Resources Limited ACN 111 977 354 ( Maximus ) ( Offer ). The terms of the Offer are contained in Astral's bidder's statement dated 3 February 2025 ( Bidder's Statement ).

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

For the purposes of section 630(3) of the Corporations Act, Astral gives notice that, as at the date of this notice:

• (a) the Offer has been freed of the defeating Conditions in Section 12.8 of the Bidder's Statement (and, accordingly, the Offer is wholly unconditional);

• (b) the Offer was freed from all defeating Conditions as a result of the notices given by Astral pursuant to section 650F of the Corporations Act on 24 February 2025; and

• (c) Astral's voting power in Maximus is 68.09%.

Date: 28 February 2025

Signed for and on behalf of Astral by:

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…………………………………………….

Marc Ducler, Managing Director