S2 RESOURCES LTD — Share Issue/Capital Change 2022

Nov 29, 2022

Announcement Summary

Entity name

S2 RESOURCES LTD

Announcement Type

New announcement

Date of this announcement

Wednesday November 30, 2022

The +securities to be quoted are:

+Securities issued, transferred or re-classified as a result of options being exercised or other +convertible securities being converted

Total number of +securities to be quoted

ASX +securitycode	Security description	Number of +securities tobe quoted	Issue date
S2R	ORDINARY FULLY PAID	200,000	29/11/2022

Refer to next page for full details of the announcement

Part 1 - Entity and announcement details

1.1 Name of entity

S2 RESOURCES LTD

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1.2 Registered number type ABN

Registration number 18606128090

1.3 ASX issuer code S2R

1.4 The announcement is

New announcement

1.5 Date of this announcement

30/11/2022

Part 2 - Type of Issue

2.1 The +securities to be quoted are:

+Securities issued, transferred or re-classified as a result of options being exercised or other +convertible securities being converted

2.2 The +securities to be quoted are:

Additional +securities in a class that is already quoted on ASX ("existing class")

Part 3B - number and type of +securities to be quoted (existing class) where issue has not previously been notified to ASX in an

Appendix 3B

Existing +securities converting into additional +securities in an existing class

FROM (Existing Class) ASX +security code and description

S2RAH : OPTION EXPIRING 27-NOV-2022 14C

TO (Existing Class) ASX +security code and description

S2R : ORDINARY FULLY PAID

Please state the number of options that were exercised or other +convertible securities that were converted

The first date the options were exercised or other +convertible securities were converted

The last date the options were exercised or other +convertible securities were converted

25/11/2022

200,000

Is this all of the options or other +convertible securities on issue of that type (ie have all of those options now been exercised or have all of those convertible securities now been converted)? No

The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by:

An issue of new +securities

The underlying securities being received by the holder are: Intended to be, but are not yet, quoted by ASX

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme? No

Issue date

29/11/2022

Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class? Yes

Issue details

Number of +securities to be quoted
200,000
Are the +securities being issued for a cash consideration?Yes
In what currency is the cash consideration being paid?	What is the issue price per +security?
AUD - Australian Dollar	AUD 0.14000000
Any other information the entity wishes to provide about the +securities to be quoted

Part 4 - Issued capital following quotation

Following the quotation of the +securities the subject of this application, the issued capital of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +securities (total number of each +class of +securities quoted on ASX following the +quotation of the +securities subject of this application)

ASX +security code and description	Total number of+securities on issue
S2R : ORDINARY FULLY PAID	356,874,855

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

ASX +security code and description	Total number of+securities on issue
S2RAM : OPTION EXPIRING 04-OCT-2024 EX $0.39	2,000,000
S2RAP : OPTION EXPIRING 27-APR-2026 EX $0.23	200,000
S2RAK : OPTION EXPIRING 26-AUG-2024 EX 30C	200,000
S2RAH : OPTION EXPIRING 27-NOV-2022 14C	2,200,000
S2RAI : OPTION EXPIRING 04-MAR-2023 11C	50,000
S2RAQ : OPTION EXPIRING 21-OCT-2026 EX $0.20	8,100,000
S2RAJ : OPTION EXPIRING 11-NOV-2023 30C	18,000,000
S2RAE : OPTION EXPIRING 02-DEC-2023 EX 30C	200,000
S2RAN : OPTION EXPIRING 16-NOV-2024 EX $0.38	7,350,000
S2RAR : OPTION EXPIRING 18-APR-2026 EX $0.25	300,000
S2RAO : OPTION EXPIRING 11-NOV-2025 EX $0.29	10,300,000