S2 RESOURCES LTD — Share Issue/Capital Change 2024

Nov 28, 2024

Announcement Summary

Entity name

S2 RESOURCES LTD

Date of this announcement

Friday November 29, 2024

The +securities the subject of this notification are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Total number of +securities to be issued/transferred

ASX +securitycode	Security description	Total number of+securities to beissued/transferred	Issue date
S2RAT	OPTION EXPIRING 01-JUL-2028 EX $0.135	10,000,000	29/11/2024

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) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type

ACN

Registration number

606128090

1.3 ASX issuer code

S2R

1.4 The announcement is 1.5 Date of this announcement New announcement

29/11/2024

Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Previous Appendix 3B details:

Announcement Date andTime	Announcement Title	Selected Appendix 3B to submit quotationrequest
01-Jul-2024 18:52	New - Proposed issue of securities -S2R	A placement or other type of issue

2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B?

No

Part 3A - number and type of +securities the subject of this notification (existing class or new class) where issue has previously been

notified to ASX in an Appendix 3B

Placement Details

ASX +security code and description S2RAT : OPTION EXPIRING 01-JUL-2028 EX $0.135

Date the +securities the subject of this notification were issued

29/11/2024

Any other information the entity wishes to provide about the +securities the subject of this notification

Options issued to Directors upon receiving shareholder approval at the Company's AGM on 29 November 2024.

Issue details

Number of +securities

10,000,000

Were the +securities issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

Options issued as part of the remuneration package for each director as disclosed in the Notice of Annual General Meeting released to the market on 28 October 2024.

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)

ASX +security code and description	Total number of+securities on issue
S2R : ORDINARY FULLY PAID	452,857,993

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
S2RAP : OPTION EXPIRING 27-APR-2026 EX $0.23	200,000
S2RAQ : OPTION EXPIRING 21-OCT-2026 EX $0.20	8,100,000
S2RAT : OPTION EXPIRING 01-JUL-2028 EX $0.135	13,750,000
S2RAS : OPTION EXPIRING 08-SEP-2027 EX $0.25	13,350,000
S2RAR : OPTION EXPIRING 18-APR-2026 EX $0.25	300,000
S2RAO : OPTION EXPIRING 11-NOV-2025 EX $0.29	10,300,000