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PROSPECT RESOURCES LIMITED Capital/Financing Update 2018

Feb 6, 2018

65617_rns_2018-02-06_883f8798-5b50-494b-9e96-43402fb508de.pdf

Capital/Financing Update

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MARKET RELEASE

7 February 2018

Prospect Resources Limited

TRADING HALT

The securities of Prospect Resources Limited (the “Company”) will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading on Friday, 9 February 2018, or when the announcement is released to the market.

Security Code: PSC

Ben Secrett

Senior Adviser, Listings Compliance (Perth)

Level 40, Central Park 152-158 St Georges Terrace Perth WA 6000

ASX Compliance Pty Limited ABN 26 087 780 489

www.asx.com.au Customer service 13 12 79

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Suite 6, 245 Churchill Ave. Subiaco WA 6008 Phone: +61 8 9217 3300

7 February 2018

Madeleine Green Australian Securities Exchange Level 40, Central Park 152-158 St George’s Terrace Perth WA 6000

By Email: [email protected] [email protected]

Dear Madeleine

ASX Code: PSC – Trading Halt Request

Pursuant to Listing Rule 17.1, Prospect Resources Limited (ASX:PSC) ( Company ) requests a trading halt of its securities, pending an announcement regarding its conditional placement and offtake with Sinomine.

The Company requests that the trading halt be effective immediately and remain in place until the earlier of the commencement of normal trading on Friday, 9 February 2018, or the release of an announcement by the Company in relation to its conditional placement and offtake with Sinomine.

The Company is not aware of any reason why the trading halt should not be granted.

Yours faithfully

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Andrew Whitten Company Secretary