STELLAR RESOURCES LIMITED — Capital/Financing Update 2023

Dec 6, 2023

Announcement Summary

Entity name

STELLAR RESOURCES LIMITED

Date of this announcement

Thursday December 07, 2023

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
SRZAA	OPTION EXPIRING VARIOUS DATES EXVARIOUS PRICES	10,000,000	07/12/2023

Refer to next page for full details of the announcement

Equity Securities

Part 1 - Entity and announcement details

1.1 Name of entity

STELLAR RESOURCES LIMITED

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

108758961

1.3 ASX issuer code SRZ

1.4 The announcement is

New announcement

1.5 Date of this announcement

7/12/2023

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
20-Oct-2023 09:34	New - Proposed issue of securities -SRZ	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

Equity Securities

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

SRZAA : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES

Date the +securities the subject of this notification were issued

7/12/2023

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

In respect of Placement announced on 20 October 2023, the Company has received shareholders' approval on 30th November 2023 to issue 10,000,000 Broker options to lead manager Taylor Collison.

Issue details

Number of +securities

10,000,000

Equity Securities

Were the +securities issued for a cash consideration? No

Please describe the consideration being provided for the +securities

Under the mandate, they will receive management fee 3% of the gross proceeds raised under the Placement, selling fee of 3% of the gross proceeds raised under the Placement & 10,000,000 Broker Options

Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities 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)

ASX +security code and description	Total number of+securities on issue
SRZ : ORDINARY FULLY PAID	1,098,186,464

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

SRZAA : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES 117,843,135