STELLAR RESOURCES LIMITED — Major Shareholding Notification 2024

Feb 28, 2024

603 page 2/2 15 July 2001

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme Stellar Resources Limited (ASX:SRZ)

ACN/ARSN 108 758 961

1. Details of substantial holder (1) Name Treasury Services Group Pty Ltd (ACN 123 878 384) ATF Nero Resource Fund Nero Resource Fund Pty Ltd (ACN 143 456 017) Russell Delroy

ACN/ARSN (if applicable)

The holder became a substantial holder on 28/02/2024

2. Details of voting power The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of securities (4) Number of securities Person’s votes (5) Voting power (6) Fully Paid Ordinary Shares 195,231,610 195,231,610 13.59%

3. Details of relevant interests The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

r are as follows:
Holder of relevant interest	Nature of relevant interest(7)	Class and number of securities
Nero Resource Fund Pty Ltd	Registered holder of voting shares Relevant interest under section 608 (1)(b) and (c) of the_Corporations Act_ 2001(Corporations Act) as Investment manager of the Nero Resource Fund	195,231,610 Fully Paid Ordinary Shares
Treasury Services Group Pty Ltd (ACN 123 878 384) ATF Nero Resource Fund	Relevant interest under section 608 (1)(b) and (c) of the Corporations Act as trustee of the Nero Resource Fund
Russell Delroy	Relevant interest under section 608 (1)(b) and (c) of the Corporations Act as controller of the Nero Resource Fund

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered asholder(8)	Class and number ofsecurities
Nero Resource Fund Pty Ltd Treasury Services Group Pty Ltd (ACN 123 878 384) ATF Nero Resource Fund Russell Delroy	Nero Resource Fund Pty Ltd	Treasury Services Group Pty Ltd (ACN 123 878 384) ATF Nero Resource Fund	195,231,610 Fully Paid Ordinary Shares

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

ntial holder is as follows:
Holder of relevant interest	Date of acquisition	Consideration (9)		Class and number ofsecurities
		Cash	Non-cash
Nero Resource Fund Pty Ltd Treasury Services Group Pty Ltd (ACN 123 878 384) ATF Nero Resource Fund Russell Delroy	28/02/2024	$0.008per share		195,231,610

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
Nero Resource Fund Pty Ltd Treasury Services Group Pty Ltd (ACN 123 878 384) ATF Nero Resource Fund Russell Delroy	refer to descriptions in section 3

7. Addresses

The addresses of persons named in this form are as follows:

Name Address Nero Resource Fund Pty Ltd Treasury Services Group Pty Ltd (ACN C/-AAM PO Box 107 Morley WA 6943 123 878 384) ATF Nero Resource Fund Russell Delroy

Signature

print name Russell Delroy	capacity	Substantial Holder
sign here	date	28/02/2024
DIRECTIONS
er of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and
trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar,
ed to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members
paragraph 7 of the form.
f "associate" in section 9 of the Corporations Act 2001.
f "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
of a company constitute one class unless divided into separate classes.

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the form.

• (2) See the definition of "associate" in section 9 of the Corporations Act 2001.

• (3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

• (4) The voting shares of a company constitute one class unless divided into separate classes.

• (5) The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant interest in.

• (6) The person’s votes divided by the total votes in the body corporate or scheme multiplied by 100.

• (7) Include details of:

• (a) any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

• (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• (8) If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write “unknown.’”

• (9) Details of the consideration must include any and all benefits, moneys and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.