PROSPECT RESOURCES LIMITED — Share Issue/Capital Change 2024

Sep 25, 2024

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ASX ANNOUNCEMENT 26 September 2024

Issue of shares and cleansing notice

Prospect Resources Limited (ASX: PSC, FRA:5E8) ( Prospect or the Company ) advises that further to its announcement on 2 August 2024 regarding the Company's equity raising, the Company has today issued 14.75 million fully paid ordinary shares (Shares) to Eagle Eye, a long term substantial holder, at an issue price of A$0.10 per share to raise A$1.475 million.

An Appendix 2A – Application for quotation of securities will follow this release to reflect the issue of the shares.

Cleansing Notice

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 and 674A 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 Executive Director Finance 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