PROSPECT RESOURCES LIMITED — Share Issue/Capital Change 2025

May 5, 2025

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Announcement Summary

Entity name

PROSPECT RESOURCES LIMITED

Date of this announcement

Tuesday May 06, 2025

The +securities the subject of this notification are:

+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
PSCAH	PERFORMANCE RIGHTS	750,000	06/05/2025

Refer to next page for full details of the announcement

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 1 - Entity and announcement details

1.1 Name of entity

PROSPECT RESOURCES LIMITED

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type Registration number ACN 124354329

1.3 ASX issuer code

PSC

1.4 The announcement is

New announcement

1.5 Date of this announcement

6/5/2025

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

has an existing ASX security code ("existing class")

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 3B - number and type of +securities the subject of this notification (existing class) where issue has not previously been notified to ASX in an Appendix 3B

ASX +security code and description PSCAH : PERFORMANCE RIGHTS Date the +securities the subject of this notification were issued 6/5/2025 Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class Yes Were any of the +securities issued to +key management personnel (KMP) or an +associate? No Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02871958-6A1233512 Any other information the entity wishes to provide about the +securities the subject of this notification Performance rights issued under the Company's Employee Incentive Plan to a consultant of the Company. The performance rights will vest on the holder meeting certain vesting conditions. The performance rights will expire on 1 March 2029

Issue details

Number of +securities 750,000

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this notification, the +securities of the entity will comprise:

The figures in parts 4.1 and 4.2 below are automatically generated and may not reflect the entity's current issued capital if other Appendix 2A, Appendix 3G or Appendix 3H forms are currently with ASX for processing.

4.1 Quoted +securities (Total number of each +class of +securities issued and quoted on ASX)

	Total number of
ASX +security code and description	+securities on issue
PSC : ORDINARY FULLY PAID	673,721,154
4.2 Unquoted +securities (Total number of each +class of +securities issued but not quoted on ASX)
	Total number of
ASX +security code and description	+securities on issue
PSCAN : OPTION EXPIRING 07-OCT-2026 EX $0.17	500,000
PSCAK : OPTION EXPIRING 03-SEP-2028 EX $0.16	15,181,253
PSCAJ : OPTION EXPIRING 11-APR-2027 EX $0.15	6,250,000
PSCAG : OPTION EXPIRING 07-OCT-2026 EX $0.15	16,349,999
PSCAH : PERFORMANCE RIGHTS	8,100,419
PSCAI : OPTION EXPIRING 09-AUG-2027 EX $0.20	17,333,000
PSCAL : OPTION EXPIRING 09-AUG-2027 EX $0.12	2,400,700
PSCAM : OPTION EXPIRING 11-MAR-2026 EX NIL	2,500,000

4.2 Unquoted +securities (Total number of each +class of +securities issued but not quoted on ASX)

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Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

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