CAVALIER RESOURCES LIMITED — Major Shareholding Notification 2025

Feb 23, 2025

Form 604

Corporations Act 2001

Section 671 B

Notice of change of interests of substantial holder

To Company Name/Scheme CAVALIER RESOURCES LIMITED

ACN/ARSN 635 842 143

1. Details of substantial holder (1)

Name Kerry Parsons ACN/ARSN (if applicable)

There was a change in the interests of the substantial holder on 17/2/2025 The previous notice was given to the company on 1/7/2024 The previous notice was dated 217 / 2024

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

cheme, are as follows:
Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Fully paid ordinary shares	8,254,868	19.03%	12,313,489	21.29%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

llows:
Date of change23 Oct 2024	Person whoserelevant interestchanged		Nature of change (6)Considerationgiven in relationto change (7)		Class and number ofsecurities affected	Person'svotesafected
	PG Mining Pt Ltd		Rights issue	$330,195	2,751,623 ordinar shares	2,751,623
11 Feb 202512 Feb 2025	Kerr Parsons		On-market trade	$1,513	19,662 ordinar shares	19,662
	Kerr Parsons		On-market trade	$11,215	153,260 ordinar shares	153,260
17 Feb 2025	Kerr Parsons		On-market trade	$70,000	1,000,000 ordinar shares	1,000,000

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder ofrelevant interest	Registered holder ofsecurities	Person entitled to beregistered as holder(8)	Person entitled to beregistered as holder(8)	Nature ofrelevant interest(6)	Class and number of securities	Person'svotes
Kerr ParsonsKerr Parsons	PG Mining Pt LtdKerr Parsons		PG Mining Pt Ltd	section 608(3)11,006,491 ordinar shares		11,006,4911,306,998
			Kerr Parsons	section 608(1)1,306,998 ordinar shares

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable) Nature of association

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