TASMAN RESOURCES LTD — Capital/Financing Update 2025

Jun 17, 2025

ACN 009 253 187

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ASX Announcement

18 June 2025

Results of Rights Issue and Shortfall Notice

Tasman Resources Ltd (ASX:TAS) (“the Company”) advises that the Company’s pro-rata renounceable entitlement offer announced on 25 March 2025 (Offer) closed on 16 June 2025 (Closing Date).

The final results of the Offer are as follows:

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----- Start of picture text ----- Number of New Number of New Gross ProceedsShares OptionsEntitlements accepted under the Offer for cash 6,194,080 3,097,053 $123,881.60proceedsAdditional New Shares applied for under the 4,750,951 2,375,478 $95,019.02OfferTotal cash raised $218,900.62Entitlements accepted (full take up) under the 84,265,110 42,132,557 $1,685,302.20Offer for repayment of Shareholder Loans byArkenstone Pty Ltd and March Bells Pty LtdTotal number of New Securities subscribed 95,210,141 47,605,088for under the OfferTotal number of Securities on Issue 279,352,749 48,305,088following the OfferRemaining shareholder loans owed to Arkenstone Pty Ltd and March Bells Pty Ltd $55,850following repayment----- End of picture text -----

Accordingly, upon completion of issuing of the New Shares under the rights issue, the amount raised will be $218,900.62 (before payment of the expenses of the issue).

As noted above, the Company received applications for their full entitlement from related entities of Directors Greg Solomon and Doug Solomon totalling 84,265,110 New Shares as consideration for reduction of Shareholder Loans totalling $1,685,302.20 at the issue price of $0.02 per New Share. As stated above, the total balance of Shareholder Loans owed is now $55,850.

Per the Entitlement Offer Prospectus dated 15 May 2025, the Directors reserve the right to place the balance of the remaining 88,932,467 shortfall shares (and attaching New Options) within three months after the closing date of the Offer at a price which is not less than the price at which the Shares were offered under the Offer.

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Greg Solomon

Executive Chairman

This announcement was authorised by the above signatory.

For further information please contact Greg Solomon on

+61 8 9282 5889.

Level 15, 197 St George’s Terrace, Perth, Western Australia 6000