STELLAR RESOURCES LIMITED — Major Shareholding Notification 2025

Sep 10, 2025

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme Stellar Resources Ltd/Australi (SRZ) ACN/ARSN 108 758 961

1. Details of substantial holder (1)

Regal Funds Management Pty Limited and its associates Name (see Annexure 1) - ACN/ARSN (if applicable)

There was a change in the interests of the substantial holder on 9/09/2025 The previous notice was given to the company on 23/07/2025 The previous notice was dated 21/07/2025

2. Previous and present 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 when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	Previous notice	Previous notice	Current notice	Current notice
	Person's votes	Voting power(5)	Person's votes	Voting power (5)
ORDINARY	131,251,150	6.31%	116,565,072	5.20%*

*The % substantial is based on the shares on issue of 2,239,988,068 as disclosed by the Company on 09-09-2025.

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Holder of relevant interest	Date of acquisition	Consideration (9)	Class and number of securities
	See Annexure 2

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered asholder (8)	Nature of relevantinterest (6)	Class andnumber ofsecurities	Person'svotes
Regal Funds ManagementPty Ltd and its associates	UBS NOMINEES PTY LTD	UBS AG, AUSTRALIA BRANCH	Power to control theexercise of a powerto dispose ofsecurities	14,398,844ORDINARY	14,398,844
Regal Funds ManagementPty Ltd and its associates	HSBC CUSTODY NOMINEES(AUSTRALIA) LIMITEDA/C 2	MORGAN STANLEY & CO INTLPLC	Power to control theexercise of a powerto dispose ofsecurities	11,188,756ORDINARY	11,188,756
Regal Funds ManagementPty Ltd and its associates	MERRILL LYNCH (AUS) NOMINEESPTY LTD	MERRILL LYNCHINTERNATIONAL LIMITED	Power to control theexercise of a powerto dispose ofsecurities	24,232,966ORDINARY	24,232,966

Regal Funds ManagementPty Ltd and its associates	J.P. MORGAN NOMINEES AUSTRALIALTD	J.P MORGAN NOMINEESAUSTRALIA LTD	Power to control theexercise of a powerto dispose ofsecurities	66,744,506ORDINARY	66,744,506

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable) Nature of association N/A

6. Addresses

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

Name	Address
REGAL FUNDS MANAGEMENT PTY LIMITED	LEVEL 46, GATEWAY, 1 MACQUARIE PLACE, SYDNEY
	NSW 2000
REGAL PARTNERS LIMITED	LEVEL 46, GATEWAY, 1 MACQUARIE PLACE, SYDNEY
	NSW 2000

Signature

print name	Ian Cameron	capacity	Director
sign here		date	11/09/2025

Annexure 1

Details of Substantial Holders

ACN	Name
107 576 821	REGAL FUNDS MANAGEMENT PTY LIMITED
129 188 450	REGAL PARTNERS LIMITED

Annexure 2

Changes in Relevant Interests

			Consideration	Number of		Persons
		Nature of	given in relation	securities	Class of	votes
Date	Person whose relevant interest changed	Change	to change	affected	securities	affected
	Regal Funds Management Pty Limited (and Regal
	Partners Limited by virtue of control of Regal Funds
25/07/2025	Management Pty Limited)	Sell	37976.83	2233931	Ordinary	2233931
	Regal Funds Management Pty Limited (and Regal
	Partners Limited by virtue of control of Regal Funds
30/07/2025	Management Pty Limited)	Sell	74036.90	4355112	Ordinary	4355112
	Regal Funds Management Pty Limited (and Regal
	Partners Limited by virtue of control of Regal Funds
5/08/2025	Management Pty Limited)	Sell	32354.30	1797461	Ordinary	1797461
	Regal Funds Management Pty Limited (and Regal
	Partners Limited by virtue of control of Regal Funds
21/08/2025	Management PtyLimited)	Sell	17534.18	974121	Ordinary	974121

22/08/2025	Regal Funds Management Pty Limited (and RegalPartners Limited by virtue of control of Regal FundsManagement Pty Limited)	Sell	27214.62	1555121	Ordinary	1555121
25/08/2025	Regal Funds Management Pty Limited (and RegalPartners Limited by virtue of control of Regal FundsManagement Pty Limited)	Sell	27993.82	1555212	Ordinary	1555212
28/08/2025	Regal Funds Management Pty Limited (and RegalPartners Limited by virtue of control of Regal FundsManagement Pty Limited)	Sell	42087.28	2215120	Ordinary	2215120
9/09/2025	Regal Funds Management Pty Limited (and RegalPartners Limited by virtue of control of Regal FundsManagement Pty Limited)	Holding diluted due to the issue of 160,237,500 shares on the 9th September 2025