PROSPECT RESOURCES LIMITED — Share Issue/Capital Change 2023

Nov 15, 2023

ASX ANNOUNCEMENT 16 November 2023

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Issue of Shares and Cleansing Notice

Prospect Resources Limited (ASX: PSC, FRA:5E8) ( Prospect or the Company ) advises that on 15 November 2023, it issued 1,072,500 fully paid ordinary shares (Shares) on conversion of 1,072,500 performance rights held by Managing Director, Samuel Hosack (or his nominee) and CFO & Company Secretary, Ian Goldberg (or his nominee).

The Shares were issued under Exception 9 of ASX Listing Rule 7.1 and therefore have not utilised the Company’s existing placement capacity.

An Appendix 2A – Application for quotation of securities will follow this release.

For the purposes of section 708A(6) of the Corporations Act, the Company gives notice under section 708A(5)(e) of the Corporations Act as follows:

• a) The Company issued the Shares without disclosure to investors under Part 6D.2 of the Corporations Act.

• b) As at the date of this notice the Company has complied with:

  • I. The provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

  • II. Section 674 of the Corporations Act; and

• c) As at the date of this notice, there is no excluded information of the type referred to in sections 708A(7) and 708A(8) of the Corporations Act.

This release is authorised by the Company Secretary of Prospect Resources Limited.

For further information, please contact:

Sam Hosack Managing Director shosack@prospectresources.com.au

Ian Goldberg Chief Financial Officer and Company Secretary 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