PROSPECT RESOURCES LIMITED — Share Issue/Capital Change 2024

Aug 8, 2024

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ASX ANNOUNCEMENT 9 August 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, the Company has today issued 64.8 million fully paid ordinary shares (shares) to institutional and sophisticated investors at an issue price of A$0.10 per share to raise A$6.48 million (before costs).

A further A$1.57 million is to be raised under the Placement via the issue of 15.7 million shares at A$0.10 per share to Eagle Eye, a long-term substantial shareholder.

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 Ian Goldberg Managing Director Executive Director Finance shosack@prospectresources.com.au 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