ENCOUNTER RESOURCES LIMITED — Capital/Financing Update 2024

Apr 10, 2024

ASX Announcement 11 April 2024

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Completion of Placement and Cleansing Notice

The Directors of Encounter Resources Ltd (“ Encounter ” or the “Company ”) advise of the completion of the share placement raising $10.5 million (before costs), priced at $0.22 per share (the “ Placement ”) as announced to ASX on 5 April 2024.

A total of 7,502,195 ordinary fully paid shares were issued to unrelated parties pursuant to the Company’s 15% placement capacity under ASX Listing Rule 7.1 and 40,225,078 ordinary fully paid shares were issued to unrelated parties pursuant to the Company’s additional 10% placement capacity under ASX Listing Rule 7.1A.

For further details of the Placement, including use of funds, refer to the announcement and Appendix 3B lodged with ASX on 5 April 2024.

An Appendix 2A reflecting the new shares to be issued follows this announcement. A cleansing notice is attached to this announcement regarding issue of the abovementioned securities.

Will Robinson Michael Vaughan Managing Director Fivemark Partners +61 8 9486 9455 +61 422 602 720 contact@enrl.com.au michael.vaughan@fivemark.com.au

This announcement has been approved for release by the Executive Chairman of Encounter.

P +61 8 9486 9455 E contact@enrl.com.au www.enrl.com.au

Encounter Resources Limited Suite 2, 1 Alvan St Subiaco WA 6008

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About Encounter

Encounter is one of Australia’s leading mineral exploration companies listed on the ASX. Encounter’s primary focus is on discovering major copper and niobium/REE deposits in Australia.

Encounter controls a large portfolio of 100% owned projects in Australia’s most exciting mineral provinces that are prospective for copper and critical minerals including the Aileron project in the West Arunta region of WA. Complementing this, Encounter has numerous large scale copper projects being advanced in partnership and funded through farm-in agreements with leading miners: South32 and IGO.

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11 April 2024

The Manager Company Announcements Office Australian Securities Exchange 20 Bridge Street SYDNEY NSW 2000

Dear Sir or Madam

ENCOUNTER RESOURCES LIMITED

SECONDARY TRADING NOTICE – NOTIFICATION PURSUANT

TO PARAGRAPH 708A(5)(e) OF THE CORPORATIONS ACT 2001

This notice is given by Encounter Resources Limited (ACN 109 815 796) (“Encounter”) under section 708A(5)(e) of the Corporations Act 2001 (Cth) (“the Act”).

Encounter advises that it has issued on 11 April 2024 47,727,273 new shares pursuant to a share placement announced on 5 April 2024 without disclosure under Part 6D.2 of the Corporations Act.

Encounter gives notice under section 708A(5)(e) of the Act that:

• (a) The shares were issued without disclosure to investors under Part 6D.2 of the Act;

• (b) as a disclosing entity, Encounter is subject to regular reporting and disclosure obligations;

• (c) as at the date of this notice, Encounter has complied with the provisions of Chapter 2M as they apply to Encounter and section 674 of the Act; and

• (d) as at the date of this notice, there is no information that is ‘excluded information’ within the meaning of section 708A(7) and 708A(8) of the Act which is required to be disclosed by Encounter under section 708A(6)(e) of the Act.

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Dan Travers Company Secretary