S2 RESOURCES LTD — Share Issue/Capital Change 2025

Jul 7, 2025

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Announcement Summary

Entity name

S2 RESOURCES LTD

Date of this announcement

Tuesday July 08, 2025

The +securities the subject of this notification are: Other

Total number of +securities to be issued/transferred

Total number of ASX +security +securities to be code Security description issued/transferred Issue date New class - code OPTION EXPIRING 7-JUL-2027 EX $0.11 3,472,171 07/07/2025 to be confirmed

Refer to next page for full details of the announcement

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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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 Registration number ACN 606128090

1.3 ASX issuer code

S2R

1.4 The announcement is

New announcement

1.5 Date of this announcement

8/7/2025

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

Other

Please specify

Attaching options to the Share Purchase Plan (SPP) exercisable at $0.11 and expiring 7/7/2027

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

does not have an existing ASX security code ("new class")

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 3C - number and type of +securities the subject of this notification (new class)

New +securities

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ASX +security code +Security description
New class - code to be confirmed OPTION EXPIRING 7-JUL-2027 EX $0.11
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ASX +security code New class - code to be confirmed	+Security description OPTION EXPIRING 7-JUL-2027 EX $0.11
+Security type	ISIN code
Options
Date the +securities the subject of this notification were issued
7/7/2025
Will all the +securities issued in this	class rank equally in all respects from their issue date?
Yes
Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under
listing rule 6.1?
No
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued.

https://announcements.asx.com.au/asxpdf/20250618/pdf/06kvtnhlc9fs71.pdf

Options Details
+Security currency	Exercise price	Expiry date
AUD - Australian Dollar	AUD 0.11000000	7/7/2027

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option S2R : ORDINARY FULLY PAID

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

Attaching unlisted options issued pursuant to the recently completed Share Purchase Plan (SPP), as per Appendix 3B lodged 10 June 2025 with 1 option issued per 2 shares issued.

Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

An Appendix 3B was lodged on 10 June 2025, however due to a technical issue, it is unable to accessed for this Appendix 3G.

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

Issue details

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Number of +securities

3,472,171

Were the +securities issued for a cash consideration? No

Please describe the consideration being provided for the +securities

Attaching options to the shares issued pursuant to the Share Purchase Plan with 1 option issued per 2 shares issued.

Purpose of the issue

Other

Additional Details

Attaching options to the shares issued pursuant to the Share Purchase Plan.

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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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)

	Total number of
ASX +security code and description	+securities on issue
S2R : ORDINARY FULLY PAID	492,996,882
4.2 Unquoted +securities (Total number of each +class of +securities issued but not	quoted on ASX)
	Total number of
ASX +security code and description	+securities on issue
S2RAP : OPTION EXPIRING 27-APR-2026 EX $0.23	200,000
S2RAU : OPTION EXPIRING 01-JUL-2029 EX $0.097	3,800,000
S2RAQ : OPTION EXPIRING 21-OCT-2026 EX $0.20	8,100,000
S2RAT : OPTION EXPIRING 01-JUL-2028 EX $0.135	13,000,000
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
New class - code to be confirmed : OPTION EXPIRING 7-JUL-2027 EX $0.11	3,472,171

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

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? No

5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? No

5.2b Are any of the +securities being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? Yes

5.2b.1 How many +securities are being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1?

3,472,171 unlisted options exercisable at $0.11 and expiring 7 July 2027.

5.2c Are any of the +securities being issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? No

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