S2 RESOURCES LTD — Capital/Financing Update 2023

Dec 19, 2023

20 December 2023

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The Manager ASX Market Announcements Australian Securities Exchange Limited

Dear Sir/Madam,

S2 Resources Limited (ASX Code: S2R) Notification pursuant to section 708A(5)(e) of the Corporations Act 2001 (Cth)

This notice is given by S2 Resources Limited (ACN 606 128 090) ( the Company ) pursuant to section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Corporations Act ).

On 20 December 2023, the Company issued 41,176,471 fully paid ordinary shares to sophisticated and professional investors, pursuant to a placement.

The Company hereby gives notice that:

• (a) The Shares are part of the class of ordinary shares quoted on the ASX;

• (b) The Company issued the Securities without disclosure to investors under Part 6D.2 of the Corporations Act, in reliance on section 708 and that notification is being given under Section 708A(5)(e) of the Act;

• (c) As at the date of this notice, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company, and section 674 and 674A of the Act; and

• (d) As at the date of this notice, there is no information:

  • (i) that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and

  • (ii) That investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:

    • A. the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

    • B. the rights and liabilities attaching to the Shares.

Authorised for release by Andrea Betti, Company Secretary of S2 Resources Limited.

Yours faithfully,

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Andrea Betti Company Secretary

Level 14, 333 Collins Street, Melbourne VIC 3000, Australia. PO Box 143, Kingsway, WA 6065, Australia ABN 18 606 128 090 T +61 8 6166 0240 F 61 8 6270 5410 E admin@s2resources.com.au W www.s2resources.com.au