STELLAR RESOURCES LIMITED — Capital/Financing Update 2024

May 29, 2024

Announcement Summary

Entity name

STELLAR RESOURCES LIMITED

Announcement Type

New announcement

Date of this announcement

Thursday May 30, 2024

The +securities to be quoted are:

Total number of +securities to be quoted +Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

ASX +securitycode	Security description	Number of +securities tobe quoted	Issue date
SRZ	ORDINARY FULLY PAID	388,350,360	30/05/2024

Refer to next page for full details of the announcement

Part 1 - Entity and announcement details

1.1 Name of entity

STELLAR RESOURCES LIMITED

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

108758961

1.3 ASX issuer code

SRZ

1.4 The announcement is 1.5 Date of this announcement New announcement

30/5/2024

Part 2 - Type of Issue

2.1 The +securities to be quoted are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Previous Appendix 3B details:

Announcement Date andTime	Announcement Title	Selected Appendix 3B to submit quotationrequest
24-May-2024 10:02	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?

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

The Company will issue a further 137,965,429 Fully Paid Ordinary Shares under tranche two of the placement subject to shareholder approval to be sought in July 2024. In addition, 10 million unquoted broker options exercisable at $0.03, expiring 2 years from date of issue also subject to shareholder approval to be sought in July 2024.

Part 3A - number and type of +securities to be quoted where issue has previously been notified to ASX in an Appendix 3B

Placement Details

ASX +security code and description

SRZ : ORDINARY FULLY PAID

Issue date 30/5/2024

Distribution Schedule

Provide a distribution schedule for the new +securities according to the categories set out in the left hand column including the number of recipients and the total percentage of the new +securities held by the recipients in each category.

Number of +securities held	Number of holders	Total percentage of +securities heldFor example, to enter a value of 50%please input as 50.00
1 - 1,000		%
1,001 - 5,000		%
5,001 - 10,000		%
10,001 - 100,000		%
100,001 and over		%

Issue details

Number of +securities to be quoted388,350,360
Are the +securities being issued for a cash consideration?YesIn what currency is the cash consideration being paid?	What is the issue price per +security?
AUD - Australian Dollar	AUD 0.01900000
Any other information the entity wishes to provide about the +securities to be quoted
Nil

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)

ASX +security code and description	Total number of+securities on issue
SRZ : ORDINARY FULLY PAID	1,941,751,806

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
SRZAA : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	117,843,135
SRZAK : OPTION EXPIRING 18-OCT-2025 EX $0.015	195,625,000