PROSPECT RESOURCES LIMITED — Major Shareholding Notification 2022

Jun 21, 2022

605 Page 1 of 2

Form 605

Corporations Act 2001

Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme Prospect Resources Ltd ACN /ARSN/ABN 124 354 329

1. Details of substantial holder (1)

Name JPMorgan Chase & Co. and its affiliates

ACN/ARSN (if applicable) NA

The holder ceased to be a substantial holder on 17/06/2022 The previous notice was given to the company on 10/05/2022 The previous notice was dated 06/05/2022

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (4)	Considerati on given in relation to change (5)	Class (6) and number of securities affected	Person's votes affected
See Appendix	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Purchase and sales of securities in its capacity as Principal/Proprietary	See Appendix	1,284,366 (Ordinary)	1,284,366 (Ordinary)

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Subsidiary of JPMorgan Chase & Co

4. Addresses

The addresses of persons named in this form are as follows:

Name	Address
JPMORGAN CHASE & CO	383 Madison Avenue, New York, New York, NY, 10179, United States
J.P. MORGAN SECURITIES AUSTRALIA LIMITED	LEVEL 18, 83-85 CASTLEREAGH STREET, SYDNEY, NSW 2000, Australia

Signature

print name sign here	Vasim Pathan capacity Compliance Officer
	date 21/06/2022

605 Page 2 of 2

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 4 of the form.

• (2) S ee the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

• (3) S ee the definition of "associate" in section 9 of the Corporations Act 2001.

• (4) Include details of:

• (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

• (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• (5) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or a may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional n the happening or not of a o contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they a are not paid directly to the person from whom the relevant interest was acquired.

• (6) The voting shares of a company constitute one class unless divided into separate classes.

• (7) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

TRADES FOR RELEVANT PERIOD						Appendix
Transaction Date	Entity	Product Type	Type of Transaction	Quantity	Price (AUD)	Consideration
Balance at start of relevant period 21,703,809
9-May-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	8,844	0.95	8,401.80 $
9-May-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	622,026	0.95	588,682.30 $
10-May-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	2,321	0.94	2,192.40 $
10-May-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	558,102	0.94	524,542.21 $
10-May-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Sell	(2,000)	0.94	1,884.41 $
11-May-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Sell	(14,000)	0.94	13,122.10 $
11-May-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Sell	(24,497)	0.94	22,940.31 $
11-May-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Sell	(29,000)	0.94	27,160.47 $
11-May-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	376,263	0.93	351,752.85 $
12-May-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Sell	(2,000)	0.94	1,879.03 $
12-May-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	2,393	0.94	2,255.23 $
12-May-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	48,652	0.94	45,565.76 $
13-May-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Sell	(26,000)	0.94	24,558.56 $
13-May-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Sell	(1,000)	0.94	944.44 $
13-May-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	2,991	0.95	2,840.93 $
13-May-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	81,877	0.94	77,369.10 $
16-May-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	93,711	0.94	88,435.07 $
17-May-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Sell	(17,880)	0.95	16,986.00 $
17-May-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	10,663	0.95	10,091.90 $
18-May-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	23,705	0.97	22,875.33 $
19-May-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	14,000	0.95	13,300.00 $
20-May-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Sell	(2,160)	0.95	2,052.00 $
20-May-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	102,050	0.95	96,702.48 $
23-May-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	17,692	0.95	16,807.40 $
23-May-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	275,000	0.94	259,222.98 $
24-May-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Sell	(16,499)	0.94	15,537.41 $
24-May-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	160,000	0.94	150,675.04 $
24-May-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Sell	(7,940)	0.94	7,473.57 $
25-May-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Sell	(8,700)	0.94	8,200.81 $
25-May-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	234,639	0.94	220,834.72 $
26-May-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	7,448	0.95	7,073.16 $
26-May-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Sell	(49,398)	0.95	46,706.11 $
26-May-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	250,000	0.94	235,000.00 $
26-May-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	3,602	0.96	3,457.92 $
26-May-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	4,294	0.96	4,100.77 $
27-May-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	7,000	0.96	6,709.39 $
27-May-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	5,811	0.96	5,578.56 $
27-May-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	8,456	0.96	8,090.51 $
27-May-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	3,000	0.96	2,874.14 $
30-May-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	5,908	0.97	5,730.76 $
30-May-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Sell	(1,880)	0.96	1,804.80 $
31-May-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	10,000	0.96	9,591.18 $
31-May-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	15,000	0.96	14,385.24 $
1-Jun-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	3,101	0.97	2,992.47 $
1-Jun-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	3,796	0.96	3,644.16 $
1-Jun-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	24,000	0.96	23,111.45 $
1-Jun-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	8,000	0.96	7,690.86 $
1-Jun-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	21,000	0.96	20,213.38 $
1-Jun-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	57,637	0.97	55,663.62 $
2-Jun-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	6,000	0.97	5,841.46 $
2-Jun-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	291,560	0.97	284,081.78 $
2-Jun-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	9,000	0.97	8,765.83 $
2-Jun-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	105,021	0.97	102,078.31 $
2-Jun-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	5,000	0.97	4,868.31 $
3-Jun-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	6,000	0.96	5,778.93 $
3-Jun-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	7,000	0.96	6,742.12 $
3-Jun-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	1,000	0.96	963.47 $
3-Jun-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Sell	(41,660)	0.96	39,950.02 $
3-Jun-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	1,072	0.97	1,034.48 $
6-Jun-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Sell	(21,248)	0.95	20,288.76 $
6-Jun-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	17,000	0.96	16,315.22 $
6-Jun-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	18,000	0.96	17,273.43 $
6-Jun-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	1,092	0.96	1,048.32 $
6-Jun-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	24,000	0.96	23,044.01 $
6-Jun-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	3,751	0.96	3,600.96 $
7-Jun-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Sell	(398,906)	0.97	384,944.29 $
7-Jun-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	809	0.97	784.73 $
7-Jun-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	3,746	0.97	3,614.89 $
7-Jun-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	543	0.97	524.00 $
8-Jun-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Sell	(99,269)	0.97	95,794.59 $
8-Jun-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	4,155	0.96	3,988.80 $
9-Jun-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Sell	(2,692)	0.96	2,570.86 $
9-Jun-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	9,553	0.96	9,123.12 $
10-Jun-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	20,000	0.95	19,025.00 $
14-Jun-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	24,238	0.95	23,142.52 $
14-Jun-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Sell	(89,198)	0.96	85,199.08 $
14-Jun-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Sell	(7,000)	0.95	6,622.81 $
14-Jun-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	50,000	0.94	46,950.00 $
14-Jun-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Sell	(8,000)	0.95	7,573.06 $
15-Jun-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Sell	(38,780)	0.94	36,570.32 $
16-Jun-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Sell	(103,333)	0.96	98,851.86 $
16-Jun-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	7,100	0.95	6,754.00 $
16-Jun-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Sell	(15,494)	0.96	14,811.91 $
17-Jun-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Sell	(1,000,000)	0.97	970,000.00 $
17-Jun-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Sell	(181,572)	0.96	173,401.26 $
17-Jun-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Sell	(2,766,151)	0.98	2,698,181.14 $
17-Jun-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	3,000	0.97	2,924.74 $
17-Jun-22	J.P. MORGAN SECURITIES AUSTRALIA LIMITED	Equity	Buy	269	0.97	261.60 $
Balance at end of relevant period 20,419,443

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