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PROSPECT RESOURCES LIMITED Capital/Financing Update 2019

Dec 23, 2019

65617_rns_2019-12-23_187a437a-fe5b-4055-9e8f-8eac1a2c7e4d.pdf

Capital/Financing Update

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Daniel Nicholson Australia Securities Exchange Level 40, Central Park 152-158 St George’s Terrace Perth WA 6000

By Email: [email protected]

Dear Daniel

ASX Code: PSC – Request for Voluntary Suspension

Pursuant to ASX Listing Rule 17.2, Prospect Resources Limited (ASX:PSC) ( Company ) requests for its securities to be voluntarily suspended pending the finalisation of an announcement relating to a material capital raising.

The Company requests that the voluntary suspension be effective immediately and remain in place until the earlier of the commencement of normal trading on Friday, 27 December 2019, or the release of an announcement by the Company in relation to a material capital raising.

The Company is not aware of any reason why this request for voluntary suspension should not be granted.

This release was authorised by Mr Hugh Warner, Executive Chairman of the Company.

For any questions, please contact the undersigned on +61 2 8072 1400.

Yours faithfully

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Andrew Whitten Company Secretary

Prospect Resources Limited | ACN 124 354 329 | W: prospectresources.com.au | Phone: +61 8 9217 3300

Suite 6, 245 Churchill Ave. Subiaco WA 6008 | Email: [email protected]

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