MATSA RESOURCES LIMITED — Capital/Financing Update 2025

Oct 16, 2025

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ASX Announcement

17[th] October 2025

Issue of Shares and Secondary Trading Notice

Matsa Resources Limited (‘Company’) wishes to confirm the allotment of 2,493,125 fully paid ordinary shares pursuant to an exercise of unlisted options.

An Appendix 2A has been lodged with respect to the issue of the new shares and the Company gives this notice pursuant to section 708A(5)(e) of the Corporations Act.

The Company advises that the Shares were issued without disclosure to investors under Part 6D.2 of the Act. The Company, as at the date of this notice has complied with:

CORPORATE SUMMARY

Directors

Paul Poli - Executive Chairman

Pascal Blampain Andrew Chapman

Shares on Issue

923.12 million

Unlisted Options

• (a) the provisions of Chapter 2M of the Act as they apply to the Company; and

• (b) Sections 674 and 674A of the Act.

172.54 million @ $0.05 - $0.13

Top 20 shareholders

Hold 69.48%

As at the date of this notice there is no information that is excluded information for the purposes of sections 708A (7) and (8) of the Act.

This ASX announcement is authorised for release by the Board of Matsa Resources Limited.

Yours sincerely

Share Price on 16[th] October 2025

14.5 cents

Market Capitalisation

A$133.74 million

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Andrew Chapman Director/Company Secretary

For further information please contact:

Paul Poli

Executive Chairman T 08 9230 3555 E reception@matsa.com.au

Matsa Resources Limited | www.matsa.com.au | ABN 48 106 732 487

Head office: 11/139 Newcastle Street, Perth Western Australia 6000 | T 08 9230 3555 | reception@matsa.com.au