PROSPECT RESOURCES LIMITED — Capital/Financing Update 2026

Feb 22, 2026

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ASX ANNOUNCEMENT 23 February 2026

Cleansing Notice

Prospect Resources Limited (ASX:PSC) ( Prospect or the Company ) advises that the Company has issued the following amounts of fully paid ordinary shares ( Shares ):

• 6,250,000 Shares on Wednesday, 18 February 2026 following an exercise of options; and

• 100,532,492 Shares today being the Unconditional Tranche of the Placement announced to the ASX on 16 February 2026.

In accordance with section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Corporations Act ) Prospect advises that:

1. the Shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act;

2. as at the date of this notice, the Company has complied with:

3. a. the provisions of Chapter 2M of the Corporations Act as they apply to the Company;

4. b. sections 674 and 674A of the Corporations Act; and

5. c. as at the date of this notice there is no excluded information for the purposes of sections 708A(7) and 708A(8) of the Corporations Act.

This release was approved by the Prospect Board of Directors.

For further information, please contact:

Sam Hosack Ian Goldberg Managing Director Executive Director - Financial shosack@prospectresources.com.au igoldberg@prospectresources.com.au

Prospect Resources Limited ACN 124 354 329 Level 2, 33 Richardson Street. West Perth WA 6005 E: info@prospectresources.com.au W: prospectresources.com.au