PROSPECT RESOURCES LIMITED — AGM Information 2021

Dec 23, 2021

ASX ANNOUNCEMENT 24 December 2021

Letter to Shareholders and Proxy Form in relation to Annual General Meeting

Prospect Resources Limited (ASX: PSC, FRA:5EB) (Prospect or the Company) is pleased to enclose the following documents in relation to its 2021 Annual General Meeting:

• Letter to Shareholders; and
• Proxy Form.

Authorised for release by the Board of Directors.

For further information, please contact:

Sam Hosack Managing Director shosack@prospectresources.com.au Nicholas Rathjen Head of Corporate Development nrathjen@prospectresources.com.au

24 December 2021

Dear Shareholder,

Annual General Meeting – Letter to Shareholders

Prospect Resources Limited (ASX: PSC) ("Prospect Resources Limited" or the "Company") advises that its 2021 Annual General Meeting ("AGM") will be held at 10:00AM (AWST) on Friday, 28 January 2022 at Level 2, 40 Kings Park Road, West Perth WA 6005.

In accordance with the Treasury Laws Amendment (2021 Measures No. 1) Act 2021 which came into force on 14 August 2021, the Company will not be dispatching physical copies of the Notice of Meeting ("Notice") to Shareholders. The Notice is being made available to Shareholders electronically and can be viewed and downloaded online from the Company's website at: https://www.prospectresources.com.au/announcements.

In holding the AGM on Friday, 28 January 2022, the Company is also relying on the relief provided by ASIC Corporations (Extension of Time to Hold AGM) Instrument 2021/770.

Given the uncertainty surrounding the COVID-19 pandemic, by the time this letter is received by Shareholders, circumstances may have changed and the Notice is given based on circumstances as of 24 December 2021. Accordingly, should circumstances change, the Company will make an announcement on the ASX market announcements platform and on the Company's website at https://www.prospectresources.com.au/announcements. Shareholders are urged to monitor the ASX announcements platform and the Company's website.

Your vote is important

The business of the AGM affects your shareholding and your vote is important.

To vote in person, attend the AGM on the date and at the place set out above.

To vote by proxy please use one of the following methods:

Online	Lodge the Proxy Form online at https://investor.automic.com.au/#/loginsahbyfollowing the instructions: Log into the Automic website using the holding detailsas shown on the Proxy Form. Click on 'View Meetings' –'Vote'. To use the onlinelodgement facility, Shareholders will need their holder number (SecurityholderReference Number (SRN) or Holder Identification Number (HIN)) as shown onthe front of the Proxy Form.
By	Completing the enclosed Proxy Form and posting it to:
post	Automic, GPO Box 5193, Sydney NSW 2001
By	Completing the enclosed Proxy Form and delivering it by hand to:
hand	Automic, Level 5, 126 Phillip Street, Sydney NSW 2000

Your Proxy instruction must be received not later than 48 hours before the commencement of the Meeting. Proxy Forms received later than this time will be invalid.

The Chair intends to vote all open proxies in favour of all resolutions, where permitted.

Yours Faithfully,

Sam Hosack Managing Director

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Return your completed form

BY MAIL

Automic GPO Box 5193 Sydney NSW 2001 IN PERSON Automic

Level 5, 126 Phillip Street Sydney NSW 2000

BY EMAIL meetings@automicgroup.com.au BY FACSIMILE +61 2 8583 3040

All enquiries to Automic

WEBCHAT https://automic.com.au/

PHONE 1101121300 288 664 (Within Australia)+61 2 9698 5414 (Overseas) $\mathbf C$

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Complete and return this form as instructed only if you do not vote onlineI/We being a Shareholder entitled to attend and vote at the Annual General Meeting of Prospect Resources Limited, to be held at10.00am (AWST) on Friday, 28 th January 2022 at Level 2, 40 Kings Park Road, West Perth WA 6005 hereby:
Appoint the Chairman of the Meeting (Chair) OR if you are not appointing the Chairman of the Meeting as your proxy, please
write in the box provided below the name of the person or body corporate you are appointing as your proxy or failing the person
so named or, if no person is named, the Chair, or the Chair's nominee, to vote in accordance with the following directions, or, if nodirections have been given, and subject to the relevant laws as the proxy sees fit and at any adjournment thereof.
The Chair intends to vote undirected proxies in favour of all Resolutions in which the Chair is entitled to vote.Unless indicated otherwise by ticking the "for"," "against" or "abstain" box you will be authorising the Chair to vote in accordance
with the Chair's voting intention.
AUTHORITY FOR CHAIR TO VOTE UNDIRECTED PROXIES ON REMUNERATION RELATED RESOLUTIONS
Where I/we have appointed the Chair as my/our proxy (or where the Chair becomes my/our proxy by default), I/we expresslyauthorise the Chair to exercise my/our proxy on Resolution(s)1 and 5 (except where I/we have indicated a different voting intention
below) even though Resolution(s) 1 and 5 are connected directly or indirectly with the remuneration of a member of the KeyManagement Personnel, which includes the Chair.
Resolutions	For	Against Abstain
Adoption of Remuneration Report
Re-election of Henian Chen as Director
Re-election of Duncan Greaves as Director
Ratification of Prior Issue of Shares
Adoption of Long-Term Incentive Plan
Please note: If you mark the abstain box for a particular Resolution, you are directing your proxy not to vote on that Resolution on a show of hands
or on a poll and your votes will not be counted in computing the required majority on a poll.
SIGNATURE OF SECURITYHOLDERS - THIS MUST BE COMPLETED
Individual or Security holder 1Securityholder 2	Security holder 3
Sole Director and Sole Company SecretaryDirector		Director / Company Secretary
Contact Name:
Email Address:
Contact Daytime TelephoneDate (DD/MM/YY)

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