STELLAR RESOURCES LIMITED — Share Issue/Capital Change 2021

Jul 26, 2021

Announcement Summary

Entity name

STELLAR RESOURCES LIMITED

Announcement Type

New announcement

Date of this announcement

Tuesday July 27, 2021

The +securities to be quoted are:

+Securities issued, transferred or re-classified as a result of options being exercised or other +convertible securities being converted

Total number of +securities to be quoted

ASX +securitycode	Security description	Number of +securities tobe quoted	Issue date
SRZ	ORDINARY FULLY PAID	5,161,190	27/07/2021

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 ABN

Registration number 96108758961

1.3 ASX issuer code SRZ

1.4 The announcement is

New announcement

1.5 Date of this announcement

27/7/2021

Part 2 - Type of Issue

2.1 The +securities to be quoted are:

+Securities issued, transferred or re-classified as a result of options being exercised or other +convertible securities being converted

2.2 The +securities to be quoted are:

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

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

Existing +securities converting into additional +securities in an existing class
FROM (Existing Class)ASX +security code and description
SRZAB : SHARE RIGHTS
TO (Existing Class)ASX +security code and descriptionSRZ : ORDINARY FULLY PAID
Please state the number of optionsthat were exercised or other+convertible securities that were	The first date the options wereexercised or other +convertiblesecurities were converted	The last date the options wereexercised or other +convertiblesecurities were converted
converted5,161,190	27/7/2021	27/7/2021
Is this all of the options or other +convertible securities on issue of that type (ie have all of those options now beenexercised or have all of those convertible securities now been converted)?No
The right of the holder of the options or other +convertible securities to receive the +underlying securities is beingsatisfied by:An issue of new +securities
The underlying securities being received by the holder are:Intended to be, but are not yet, quoted by ASX
incentive scheme?Yes	Were the options being exercised or other +convertible securities being converted issued under an +employee
personnel (KMP) or an +associate?Yes	Are any of the options being exercised or other +convertible securities being converted held by +key management
Provide details of the KMP or +associates who are exercising options or converting convertible securities
Name of KMP	Name of registered holder	Number of options being exercisedor other +convertible securitiesbeing converted

Simon O'Loughlin	Yoix Pty Ltd	1,755,137
Thomas Holland Whiting	Thomas Holland Whiting	1,172,864
Gary Fietz	WideRange Mining ProjectsP/L <g&k a="" c="" family="" fietz=""></g&k>	1,003,504

Simon Taylor 1,229,685

Jimbzal Pty Ltd

Issue date

27/7/2021

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

5,161,190

Are the +securities being issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

Issue of 5,161,190 Fully Paid Ordinary Shares on Conversion of 5,161,190 Non-Executive Director Share Rights vested on on 27 July 2021.

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted

0.008600

Any other information the entity wishes to provide about the +securities to be quoted

Issue of Fully Paid Ordinary Shares (Shares) on vesting of Share Rights held by Directors at a deemed issue price of $0.0086 per Share calculated on a 6-month Volume Weighted Average Price (VWAP) for the 6 months ending 30 June 2020 being the period of service. (Refer Appendix 3G lodged on 27 July 2020 for further details).

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:

(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 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	833,979,522

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	29,800,000
SRZAB : SHARE RIGHTS	3,323,104