TASMAN RESOURCES LTD — Capital/Financing Update 2025

May 21, 2025

ACN 009 253 187

==> picture [141 x 56] intentionally omitted <==

ASX Announcement

22 May 2025

Dispatch of Entitlement Offer Prospectus

Tasman Resources Ltd (ASX:TAS) (“the Company”) refers to its announcement on 25 March 2025 in relation to its one for one pro rata renounceable entitlement offer of fully paid ordinary shares (New Shares) to raise up to approximately $3.68 million (Entitlement Offer).

The Company is pleased to confirm that it has today dispatched a letter (attached) to eligible shareholders, and which provides details of the Offer, including how to access the Company’s prospectus for the offer dated 15 May 2025 (Prospectus) and details on how eligible shareholders may accept their entitlement.

Accordingly, the Offer is now open from today until the scheduled closing date at 5pm (WST) on 2 June 2025.

Please refer to the Prospectus for further details in respect of the Offer.

The Company also advises that notifications have been sent to ineligible shareholders under the Entitlement Offer pursuant to ASX Listing Rule 7.7.1(b).

Eligible Shareholders should consider the Prospectus carefully in deciding whether to participate in the Offer.

If you do not understand the Prospectus or you have any questions about the Offer you should consult your professional adviser without delay. Questions can also be directed to the Company on +61 8 9282 5889

==> picture [99 x 25] intentionally omitted <==

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

==> picture [141 x 57] intentionally omitted <==

22 May 2025

Dear shareholder,

NOTICE TO ELIGIBLE SHAREHOLDERS OF PRO-RATA RENOUNCEABLE ENTITILEMENT OFFER TO RAISE UP TO APPROXIMATELY $3.68 MILLION

On behalf of your Directors, I am pleased to invite you to participate in this renounceable pro-rata 1 for 1 entitlement offer at an issue price of $0.02 per share ( New Shares ), together with 1 free accompanying New Option for every 2 New Shares, to raise up to approximately $3.68 million (before costs) ( Entitlement Offer ).

Under the Entitlement Offer, Eligible Shareholders are entitled to subscribe for 1 New Share for every 1 existing Share in the Company (together with 1 free accompanying New Option for every 2 New Shares) held on the Record Date, being 5.00pm (AWST) on 21 May 2025 ( Record Date ). Eligible Shareholders may also apply (in excess of their Entitlement) for New Shares not subscribed for pursuant to the Entitlement Offer at the same issue price as the Entitlement Offer ( Shortfall Offer ).

The Prospectus relating to the Entitlement Offer has been given to ASX and is available to view on the ASX website and Tasman Resources Ltd website (https://tasmanresources.com.au/announcements/). Further details regarding the Entitlement Offer have also been announced to the ASX and are available on ASX’s website.

The Offer closes at 5:00 pm (AWST time) on 2 June 2025.

Announcement of Offer	25 March 2025
Lodgement of Prospectus at ASIC	15 May 2025
Lodgement of Prospectus with ASX (after market closes)	15 May 2025
Ex date of Entitlement Offer and commencement of Rights trading on a
deferred settlement basis	20 May 2025
Record Date for determining Entitlements	21 May 2025
Prospectus despatched to Qualifying Shareholders	22 May 2025
Rights trading ends at close of trading	26 May 2025
Securities quoted on a deferred settlement basis from market open	27 May 2025
Last date to extend the Entitlement Offer	28 May 2025
Entitlement Offer closes*	2 June 2025
Announcement of results of Entitlement Offer and shortfall to ASX	3 June 2025
Issue of new Entitlement Offer securities and lodgement of Appendix 2A	5 June 2025

*All dates (other than the date of the Prospectus and the date of lodgement of the Prospectus with the ASIC and ASX) are indicative only. The Directors may extend the Closing Date in respect of the Entitlement Offer and QS Shortfall Offer by giving at least 3 Business Days' notice to ASX prior to the Closing Date. As such the date the Securities issued under the Offers are expected to commence trading on ASX may vary.

Tasman Resources Ltd will not be printing/dispatching hard copies of the Prospectus or Entitlement and Acceptance forms. Instead, an electronic copy of the Prospectus and your Entitlement and Acceptance Form is available and accessible by you (using your Securityholder Reference Number (SRN) or Holder Identification Number (HIN) from your latest Holding Statement, and your postcode) at the following link: https://investor.automic.com.au.

Shareholders should read the Prospectus in full prior to making an application under the Entitlement Offer. Your application under the Entitlement Offer must be made by making payment in accordance with the personalised payment instructions on your Entitlement and Acceptance Form which is available through Automic’s online Investor Portal.

How to Access the Entitlement Issue:

1. ONLINE - The Entitlement Offer Prospectus and personalised Entitlement and Acceptance form can be accessed via the Automic portal. please visit https://investor.automic.com.au . You then have the following 3 choices:

==> picture [453 x 41] intentionally omitted <==

----- Start of picture text -----

I already have an online I don’t have an online account I don’t have an online account with
account with the Automic with Automic and wish to Automic and wish to use Automic
Share registry register for one for this Offer only
----- End of picture text -----

Sign in via ‘Investor sign in’ Once you have signed in, click on "Documents and Statements". Download the Entitlement and Acceptance Form.	Select ‘Register’ Select Tasman Resources Ltd from the dropdown list in the ISSUER field. Enter your holder number (SRN / HIN from your latest Holding Statement). Enter a single identifying word from your holder name. Enter your Postcode or Country of Residence (if outside Australia). Tick "I am not a robot", then ‘Next’ and complete prompts. Click on "Documents and Statements". Download the Entitlement and Acceptance Form.	Select ‘Single Holding Access’ Select Tasman Resources Ltd from the dropdown list in the ISSUER field. Enter your holder number (SRN / HIN from your latest Holding Statement). Enter a single identifying word from your holder name. Enter your Postcode or Country of Residence (if outside Australia). Tick "I am not a robot", then ‘Next’ and complete prompts. Click on "Documents and Statements". Download the Entitlement and Acceptance Form.

1. PAPER - Request a paper copy of the Prospectus and your personalised Entitlement and Acceptance form by contacting the Company’s Share Registry, Automic on 1300 288 664 (within Australia) or: +61 2 9698 5414 (outside Australia). You will need to provide your SRN or HIN and postcode to complete this request. To accept an Offer using these paper copy documents, you will still need to make payment via BPAY® or via Electronic Funds Transfer (EFT) or cheque. For eligible shareholders registered outside of Australia, please follow the instructions on your personalised acceptance form to make payment via Electronic Funds Transfer (EFT).

To apply for Shares under the Offer, please follow the instructions on your personalised Entitlement and Acceptance Form.

For further information about how to participate in the Offer, please contact Automic.

Email: corporate.actions@automicgroup.com.au

Phone: 1300 288 664 (within Australia), or +61 2 9698 5414 (international) between 8:30 am and 7:00pm (Sydney time) Monday to Friday.

Brett Tucker

Company Secretary