PROSPECT RESOURCES LIMITED — Director's Dealing 2024

Nov 11, 2024

Rule 3.19A.2

Appendix 3Y

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity	Prospect Resources Limited
ABN	30 124 354 329

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Samuel Hosack
Date of last notice	11 September 2024

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Adansonia Mgmt Services Ltd <the huntley<br="">Granta A/C>Mr Samuel Hosack and Mrs Barbara HosackEquity Trustees Superannuation Limited <amg –<br="">Samuel Hosack A/C>
Date of change	11 November 2024

+ See chapter 19 for defined terms.

No. of securities held prior to change	Mr Samuel Hosack and Mrs Barbara Hosack
	13,648,054 fully paid ordinary shares
	3,000,000 unlisted options exercisable at $0.15expiring 07/10/2026
	650,000 performance rights expiring 07/10/2025
	1,484,615 performance rights expiring 09/08/2026
	2,076,000 unlisted options exercisable at $0.20expiring 09/08/2027
	Equity Trustees Superannuation Limited <amg– Samuel Hosack A/C></amg
	3,570,000 fully paid ordinary shares
Class	Fully paid ordinary sharesPerformance rights expiring 07/10/2025Performance rights expiring 09/08/2026
Number acquired	1,058,269 fully paid ordinary shares
Number disposed	650,000 performance rights expiring 07/10/2025408,269 performance rights expiring 09/08/2026
Value/ConsiderationNote: If consideration is non‐cash, provide details and estimatedvaluation	Nil consideration for shares acquired via exerciseof performance rights
No. of securities held after change	Adansonia Mgmt Services Ltd <the huntley<br="">Granta A/C>
	14,706,323 fully paid ordinary shares
	Mr Samuel Hosack and Mrs Barbara Hosack
	3,000,000 unlisted options exercisable at $0.15expiring 07/10/2026
	1,076,346 performance rights expiring 09/08/2026
	2,076,000 unlisted options exercisable at $0.20expiring 09/08/2027
	Equity Trustees Superannuation Limited <amg– Samuel Hosack A/C></amg
	3,570,000 fully paid ordinary shares
Nature of changeExample: on‐market trade, off‐market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy‐back	Conversion of performance rights to fully paidordinary shares

Part 2 – Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

+ See chapter 19 for defined terms.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
Date of change	N/A
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non‐cash, provide detailsand an estimated valuation	N/A
Interest after change	N/A

Part 3 – +Closed period

Were the interests in the securities or contracts detailedabove traded during a +closed period where prior writtenclearance was required?	No
If so, was prior written clearance provided to allow the tradeto proceed during this period?	N/A
If prior written clearance was provided, on what date was thisprovided?	N/A

+ See chapter 19 for defined terms.