S2 RESOURCES LTD — Capital/Financing Update 2025

Jun 17, 2025

18 June 2025

The Manager ASX Market Announcements Australian Securities Exchange Limited

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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), as modified by applicable legislative instruments (the Act ).

On 18 June 2025, the Company completed the issue of the first tranche of fully paid ordinary shares in the capital of the Company ( Shares ), pursuant to the placement announced on 10 June 2025. The first tranche consisted of the issue of 40,138,889 Shares ( Tranche 1 Placement Shares ) at an issue price of $0.072 per Share to new and existing institutional, sophisticated and professional investors to raise approximately $2.89 million (before costs). The Tranche 1 Placement Shares were issued using the Company’s existing placement capacity available under ASX Listing Rule 7.1A. Please refer to the Company’s ASX announcement dated 10 June 2025 and Appendix 2A dated 18 June 2025 which contain further details regarding the placement.

Completion of the second tranche of the placement announced on 10 June 2025 remains subject to approval of the Company’s shareholders, which approval will be sought at a general meeting of the Company to be held in August 2025.

The Company hereby gives notice that:

• (a) the Company issued the Tranche 1 Placement Shares without disclosure to investors under Part 6D.2 of the Act;

• (b) this notice 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 excluded information of the type referred to in sections 708A(7) and 708A(8) of the Act that is required to be set out in this notice under section 708A(6) of the Act.

In accordance with paragraph 7(f) of the ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547 , this notice also services as a cleansing notice for the Company’s Share Purchase Plan announced on 10 June 2025.

Authorised for release by the Board of Directors of S2 Resources Limited.

Yours faithfully,

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