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

Monday July 07, 2025

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

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
New class - code	OPTIONS EXPIRING 7-JUL-2027 EX $0.11	20,069,435	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

7/7/2025

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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:

+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 and	Announcement Title	Selected Appendix 3B to submit quotation
Time		request
10-Jun-2025 09:11	New - Proposed issue of securities -	A placement or other type of issue
	S2R

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?

Yes

2.3a.3 Please provide details of the further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B

Tranche 2 of the Placement for 1,527,778 shares and 763,888 attaching options to the three directors of the Company, requiring shareholder approval, which will be sought in August 2025.

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 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 new unquoted class of security

Date the +securities the subject of this notification were issued

7/7/2025

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

Issue details

Number of +securities

20,069,435 Were the +securities issued for a cash consideration? No

Please describe the consideration being provided for the +securities

Free attaching options to the Placement as announced on 10 June 2025 with the Placement Shares issued on 18 June 2025.

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

ASX +security code			+Security description
New class - code to be confirmed			OPTIONS 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.
Options Prospectus - at end of SPP Booklet		https://announcements.asx.com.au/asxpdf/20250618/pdf/06kvtnhlc9fs71.pdf
Options Details
+Security currency	Exercise price		Expiry date
AUD - Australian Dollar	AUD 0.01100000		11/7/2027
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

Issue details

Number of +securities

20,069,435

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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 : OPTIONS EXPIRING 7-JUL-2027 EX $0.11	20,069,435

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

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

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