CAZALY RESOURCES LIMITED — Capital/Financing Update 2023

Dec 5, 2023

ACN 101 049 334

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6 December 2023

SECONDARY TRADING NOTICE PURSUANT TO SECTION 708A(5) OF THE CORPORATIONS ACT 2001 (“Act”)

On 6 December 2023, Cazaly Resources Limited (“ the Company ”) issued a total of 56,666,666 fully paid ordinary shares (‘Shares’) in the Company under the terms of a placement.

The Act restricts the on-sale of securities issued without disclosure, unless the sale is exempt under section 708 or 708A of the Act. By giving this notice, any on sale of the Shares noted above will fall within the exemption in section 708A(5) of the Act.

The Company hereby notifies ASX under paragraph 708A(5)(e) of the Act that:

• a) The Company issued a total of 56,666,666 Shares on 6 December 2023 without disclosure to investors under Part 6D.2 of the Act;

• b) The Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company, and sections 674 and 674A of the Act; and

• c) 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:

    • i. The assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

    • ii. The rights and liabilities attaching to the Shares.

The relevant Appendix 2A form was lodged online for the issue of the above shares.

The Cazaly Board authorises the release of this notice.

Yours faithfully

Mike Robbins Company Secretary

L3,30 Richardson Street West Perth WA 6872 PH: 08 9322 6283 FAX: 08 93226398 www.cazalyresources.com.au