S2 RESOURCES LTD — Share Issue/Capital Change 2026

Jan 11, 2026

Appendix 2A - Application for quotation of securities

==> picture [21 x 22] intentionally omitted <==

Announcement Summary

Entity name

S2 RESOURCES LTD

Announcement Type

New announcement

Date of this announcement

Monday January 12, 2026

The +securities to be quoted are: Other

Please refer to the response to Q2.3d for further information about the type of securities to be quoted and the circumstances of the issue.

The proposed issue of these shares was disclosed in an Appendix 3B lodged earlier today (12/01/2026). The shares issued are consideration shares, issued to the vendor upon entering into the Earn-In Agreement for the Loch Lilly Exploration Project in NSW.

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
S2R	ORDINARY FULLY PAID	373,134	12/01/2026

Refer to next page for full details of the announcement

Appendix 2A - Application for quotation of securities

1 / 6

Appendix 2A - Application for quotation of securities

Part 1 - Entity and announcement details

==> picture [21 x 22] intentionally omitted <==

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

ACN

Registration number

606128090

1.3 ASX issuer code

S2R

1.4 The announcement is

New announcement

1.5 Date of this announcement

12/1/2026

Appendix 2A - Application for quotation of securities

2 / 6

Appendix 2A - Application for quotation of securities

==> picture [21 x 22] intentionally omitted <==

Part 2 - Type of Issue

2.1 The +securities to be quoted are:

Other

Please refer to the response to Q2.3d for further information about the type of securities to be quoted and the circumstances of the issue.

2.2 The +class of +securities to be quoted is:

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

2.3c Have these +securities been offered under a +disclosure document or +PDS? No

2.3d Please provide any further information needed to understand the circumstances in which you are applying to have these +securities quoted on ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

The proposed issue of these shares was disclosed in an Appendix 3B lodged earlier today (12/01/2026). The shares issued are consideration shares, issued to the vendor upon entering into the Earn-In Agreement for the Loch Lilly Exploration Project in NSW.

2.4 Any on-sale of the +securities to be quoted within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of: The publication of a cleansing notice under section 708A(5), 708AA(2)(f), 1012DA(5) or 1012DAA(2)(f)

Appendix 2A - Application for quotation of securities

3 / 6

Appendix 2A - Application for quotation of securities

==> picture [21 x 22] intentionally omitted <==

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

Additional +securities to be quoted in an existing class ASX +security code and description S2R : ORDINARY FULLY PAID Issue date 12/1/2026 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 373,134 Are the +securities being issued for a cash consideration? No Please describe the consideration being provided for the +securities Shares issued as part consideration to the vendor upon entering into the Earn-In Agreement for the Loch Lilly Project in NSW. Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted 0.067000 Any other information the entity wishes to provide about the +securities to be quoted - The purpose(s) for which the entity is issuing the securities Other Please provide additional details The shares were issued as part consideration to the vendor upon entering the Earn-In Agreement for the Loch Lilly Project in NSW.

Appendix 2A - Application for quotation of securities

4 / 6

Appendix 2A - Application for quotation of securities

==> picture [21 x 22] intentionally omitted <==

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:

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 quoted on ASX following the +quotation of the +securities subject of this application)

+securities subject of this application)
	Total number of
ASX +security code and description	+securities on issue
S2R : ORDINARY FULLY PAID	531,586,373
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	11,550,000
S2RAQ : OPTION EXPIRING 21-OCT-2026 EX $0.20	8,100,000
S2RAT : OPTION EXPIRING 01-JUL-2028 EX $0.135	13,000,000
S2RAV : OPTION EXPIRING 07-JUL-2027 EX $0.11	24,305,494
S2RAS : OPTION EXPIRING 08-SEP-2027 EX $0.25	13,350,000
S2RAR : OPTION EXPIRING 18-APR-2026 EX $0.25	300,000

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

Appendix 2A - Application for quotation of securities

5 / 6

Appendix 2A - Application for quotation of securities

==> picture [21 x 22] intentionally omitted <==

Part 5 - Other Listing Rule requirements

5.1 Are the +securities being issued under an exception in Listing Rule 7.2 and therefore the issue does 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? 373,134

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

Appendix 2A - Application for quotation of securities

6 / 6