ROX RESOURCES LIMITED — Capital/Financing Update 2024

Jul 30, 2024

RRL1927

ASX Announcement

31 July 2024

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Vesting of Performance Rights

Rox Resources Limited (ASX: RXL) (“ Rox ” or “ the Company ”) confirms the vesting of 4,160,000 tranche 1 Performance Rights issued pursuant to the Company's employee incentive plan, adopted 30 November 2022. These Performance Rights can now be converted into fully paid ordinary shares in the Company (" Shares ") at the election of the holder at any time prior to 5:00pm (AWST) on 31 December 2027.

The Company confirms that the vesting condition for the tranche 1 Performance Rights has now been met upon the satisfaction of conditions relating to the delivery of a Pre-Feasibility Study (refer to the Company's ASX announcement released on 24 July 2024), share price and continuous employment.

The Performance Rights were granted to certain employees of the Company and Mr Stephen Dennis, Dr John Mair and Mr Robert Ryan (approved at the February 2023 general meeting) and Mr Matthew Hogan (under ASX Listing Rule 10.12, exception 12).

The Company will apply for quotation of the applicable Shares issued on conversion of these Performance Rights by the holder.

Authorised for release to the ASX by the Board of Rox Resources Limited.

* ENDS ***

For more information:

Robert Ryan Managing Director Rox Resources Limited

Nicholas Read Investor Relations Read Corporate

Tel: +61 8 9226 0044 Tel: 0419 929 046

E: admin@roxresources.com.au E: info@readcorporate.com.au

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