GOLDARC RESOURCES LIMITED — Proxy Solicitation & Information Statement 2024

Jul 31, 2024

Asra Minerals Limited ABN 72 002 261 565

ADDENDUM TO NOTICE OF GENERAL MEETING

Notice was given dated 23 July 2024 that a General Meeting of Shareholders of Asra Minerals Limited ABN 72 002 261 565 will be held at 104 Colin Street, West Perth WA 6005 on Friday, 23 August 2024 at 10.00am (WST).

This addendum ( Addendum ) amends, and should be read in conjunction with, the Notice of Meeting and Explanatory Memorandum dated 23 July 2024 ( Original Notice ). This Addendum amends Resolution 8 of the Original Notice and sets out consequential changes to the content of the Original Notice. Other than as set out below, all Resolutions and details in the Original Notice remain unchanged. Unless otherwise indicated, the terms defined and used in the Original Notice have the same meaning in this Addendum.

Amendments to Original Notice

The Board, in agreement with Discovery Capital, has resolved to amend the terms of the Lead Manager Options (the subject of Resolution 8) such that the Lead Manager Options will have a subscription price of 0.0001 cents and an exercise price of $0.01 each (with the exercise price being the same as the Placement Options).

Accordingly, Resolution 8 of the Original Notice is amended as follows:

To consider and, if thought fit, to pass the following resolution as an ordinary resolution :

“That, for the purpose of Listing Rule 7.1 and for all other purposes, Shareholders approve the issue of up to 55,000,000 Options (each with a subscription price of 0.0001 cents, an exercise price of $0.01 and expiring on the date that is three years from the date of issue) and, upon exercise of those Options, the issue of Shares, to Discovery Capital Partners Pty Ltd (or its nominee(s)) on the terms and conditions set out in the Explanatory Memorandum.”

All references in the Original Notice to the subscription price and exercise price payable in respect of each Lead Manager Option is updated to “0.0001 cents” and “$0.01”, respectively (including in section 1.2, section 7 and Schedule 3 to the Explanatory Memorandum). The reference to “$550” in section 7.3(e) of the Explanatory Memorandum is replaced with “$55”.

Proxy Forms

The Company confirms that there have been no changes to the Proxy Form previously provided to Shareholders. Shareholders are advised as follows:

• (a) If you have already completed and returned the Proxy Form previously provided with the Original Notice and you wish to change your vote, you must complete and return a new Proxy Form. Please contact the Company if you require a new Proxy Form.

• (b) If you have already completed and returned the Proxy Form previously provided with the Original Notice and you do not wish to change your vote, you do not need to take any action. The Proxy Form already submitted by you will be accepted by the Company unless you submit a new Proxy Form.

• (c) If you have not yet completed and returned a Proxy Form, and you wish to vote on the Resolutions on the information amended by this Addendum, please complete and return the Proxy Form.

By order of the Board

Leonard Math

Non-Executive Director & Company Secretary

Dated: 1 August 2024

This announcement has been authorised for release by the Board.