PROSPECT RESOURCES LIMITED — Director's Dealing 2025

Feb 18, 2025

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ASX ANNOUNCEMENT 19 February 2025

Appendices 3Y - Late Lodgement Notice

Prospect Resources Limited (ASX: PSC, FRA: 5E8) (Prospect or the Company) refers to the attached Appendices 3Y ("Change of Director's Interest Notice") for Managing Director, Samuel Hosack and Executive Director, Ian Goldberg.

The Appendices 3Y reflect changes resulting from the issue of performance rights and options to Mr Hosack and Mr Goldberg under the Company's Employee Incentive Plan, details of which are set out in the Appendix 3G released to the ASX on 7 February 2025.

In relation to the late lodgement of the Appendices 3Y, Prospect advises the following:

1. The Appendices 3Y were lodged late due to an administrative oversight following the issue of the performance rights and options to Mr Hosack and Mr Goldberg. As soon as the oversight was identified, this announcement along with the attached Appendices 3Y was prepared and lodged with ASX.

2. The Company is satisfied that it has the necessary reporting and notification practices in place to ensure compliance with its disclosure requirements under ASX Listing Rule 3.19A and 3.19B.

3. The Company considers that the late lodgement is an isolated incident. Further, the Company believes that its current practices are adequate to ensure compliance with the ASX Listing Rules.

This announcement has been authorised in accordance with the Company's continuous disclosure policy.

Regards

Harry Miller Joint Company Secretary

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

Appendix 3Y Change of Director’s Interest Notice

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.

We (the entity) give ASX the following the director for the purposes of section	information under listing rule 3.19A.2 and as agent for 205G of the Corporations Act.
Name of Director	Samuel Hosack
Date of last notice	12 November 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 relevant interest.	Adansonia Mgmt Services Ltd Granta A/C> Mr Samuel Hosack and Mrs Barbara Hosack Equity Trustees Superannuation Limited Samuel Hosack A/C>
Date of change	6 February 2025

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	Adansonia Mgmt Services Ltd **Granta A/C> 14,706,323 fully paid ordinary shares Mr Samuel Hosack and Mrs Barbara Hosack 3,000,000 unlisted options expiring 07/10/26 exercisable at $0.15 1,076,346 performance rights expiring 09/08/26 2,076,000 unlisted options expiring 09/08/27 exercisable at $0.20 Equity Trustees Superannuation Limited **– Samuel Hosack A/C> 3,570,000 fully paid ordinary shares
Class	Performance rights expiring 03/09/27 Unlisted options expiring 03/09/28 exercisable at $0.16
Number acquired	1,750,000 performance rights expiring 03/09/27 2,750,000 unlisted options expiring 03/09/28 exercisable at $0.16
Number disposed	Nil
Value/Consideration Note: If consideration is non‐cash, provide details and estimated valuation	Nil consideration. Performance rights and unlisted options issued under the Prospect Employee Incentive Plan.
No. of securities held after change	Adansonia Mgmt Services Ltd **Granta A/C> 14,706,323 fully paid ordinary shares 1,750,000 performance rights expiring 03/09/27 2,750,000 unlisted options expiring 03/09/28 exercisable at $0.16 Mr Samuel Hosack and Mrs Barbara Hosack 3,000,000 unlisted options expiring 07/10/26 exercisable at $0.15 1,076,346 performance rights expiring 09/08/26 2,076,000 unlisted options expiring 09/08/27 exercisable at $0.20 Equity Trustees Superannuation Limited **– Samuel Hosack A/C> 3,570,000 fully paid ordinary shares

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Nature of change Issue of performance rights and unlisted options Example: on‐market trade, off‐market trade, exercise of options, under the Prospect Employee Incentive Plan. issue of securities under dividend reinvestment plan, participation in buy‐back

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.

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 which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non‐cash, provide details and an estimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

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

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3

Appendix 3Y Change of Director’s Interest Notice

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.

We (the entity) give ASX the following the director for the purposes of section	information under listing rule 3.19A.2 and as agent for 205G of the Corporations Act.
Name of Director	Ian Goldberg
Date of last notice	5 November 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	Direct and Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	I & S Goldberg Consulting Pty Ltd Mr Goldberg is a director and shareholder Goldberg (WA) Pty Ltd **Account> Mr Goldberg is trustee and a beneficiary of the super fund Mrs Samantha Jayne Goldberg Mrs Samantha Goldberg is the spouse of Mr Goldberg
Date of change	6 February 2025

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	I & S Goldberg Consulting Pty Ltd 1,415,769 fully paid ordinary shares 2,000,000 unlisted options expiring 07/10/26 exercisable at $0.15 1,377,000 unlisted options expiring 09/08/27 exercisable at $0.20 713,846 performance rights expiring 09/08/26 Goldberg (WA) Pty Ltd **Fund Account> 1,000,000 fully paid ordinary shares Mrs Samantha Jayne Goldberg 4,185,000 fully paid ordinary shares
Class	Performance rights expiring 03/09/27 Unlisted options expiring 03/09/28 exercisable at $0.16
Number acquired	1,363,636 performance rights expiring 03/09/27 2,142,857 unlisted options expiring 03/09/28 exercisable at $0.16
Number disposed	Nil
Value/Consideration Note: If consideration is non‐cash, provide details and estimated valuation	Nil consideration. Performance rights and unlisted options issued under the Prospect Employee Incentive Plan.
No. of securities held after change	I & S Goldberg Consulting Pty Ltd 1,415,769 fully paid ordinary shares 2,000,000 unlisted options expiring 07/10/26 exercisable at $0.15 1,377,000 unlisted options expiring 09/08/27 exercisable at $0.20 2,142,857 unlisted options expiring 09/08/27 exercisable at $0.16 713,846 performance rights expiring 09/08/26 1,363,636 performance rights expiring 03/09/27 Goldberg (WA) Pty Ltd **Account> 1,000,000 fully paid ordinary shares Mrs Samantha Jayne Goldberg 4,185,000 fully paid ordinary shares
Nature of change Example: on‐market trade, off‐market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy‐back	Issue of performance rights and unlisted options under the Prospect Employee Incentive Plan.

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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.

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 which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non‐cash, provide details and an estimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

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

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3