TURNSTONE RESOURCES LTD — Capital/Financing Update 2025

Aug 26, 2025

Appendix 2A - Application for quotation of securities

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Announcement Summary

Entity name

SOUTH HARZ POTASH LTD

Announcement Type

New announcement

Date of this announcement

Wednesday August 27, 2025

The +securities to be quoted are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
SHP	ORDINARY FULLY PAID	16,033,820	20/08/2025
SHP	ORDINARY FULLY PAID	11,511,111	22/08/2025

Refer to next page for full details of the announcement

Appendix 2A - Application for quotation of securities

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Appendix 2A - Application for quotation of securities

Part 1 - Entity and announcement details

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1.1 Name of entity

SOUTH HARZ POTASH LTD

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

Registration number

ACN 153414852

1.3 ASX issuer code

SHP

1.4 The announcement is

New announcement

1.5 Date of this announcement

27/8/2025

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Appendix 2A - Application for quotation of securities

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Part 2 - Type of Issue

2.1 The +securities to be quoted are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Previous Appendix 3B details:

Announcement Date and Announcement Title Selected Appendix 3B to submit quotation Time request 19-Jun-2025 09:43 New - Proposed issue of securities - A placement or other type of issue SHP

2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B? Yes

2.3a.3 Please provide details of the further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B

Further issue of Options as part of the Placement

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Appendix 2A - Application for quotation of securities

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Part 3A - number and type of +securities to be quoted where issue has previously been notified to ASX in an Appendix 3B

Placement Details

ASX +security code and description SHP : ORDINARY FULLY PAID

Issue date 20/8/2025

Distribution Schedule

Provide a distribution schedule for the new +securities according to the categories set out in the left hand column - including the number of recipients and the total percentage of the new +securities held by the recipients in each category.

Total percentage of +securities held Number of +securities held Number of holders For example, to enter a value of 50% please input as 50.00 1 - 1,000 % 1,001 - 5,000 % 5,001 - 10,000 % 10,001 - 100,000 % 100,001 and over %

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Appendix 2A - Application for quotation of securities

Issue details

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Number of +securities to be quoted

2,244,444 Are the +securities being issued for a cash consideration? Yes In what currency is the cash consideration being paid? What is the issue price per +security? AUD - Australian Dollar AUD 0.04500000 Any other information the entity wishes to provide about the +securities to be quoted

ASX +security code and description SHP : ORDINARY FULLY PAID

Issue date

20/8/2025

Distribution Schedule

Provide a distribution schedule for the new +securities according to the categories set out in the left hand column - including the number of recipients and the total percentage of the new +securities held by the recipients in each category.

category.
		Total percentage of +securities held
Number of +securities held	Number of holders	For example, to enter a value of 50%
		please input as 50.00
1 - 1,000		%
1,001 - 5,000		%
5,001 - 10,000		%
10,001 - 100,000		%
100,001 and over		%

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Appendix 2A - Application for quotation of securities

Issue details

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Number of +securities to be quoted

13,789,376

Are the +securities being issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

Issued for the provision of services

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

620,522.000000

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

ASX +security code and description

SHP : ORDINARY FULLY PAID

Issue date

22/8/2025

Distribution Schedule

Provide a distribution schedule for the new +securities according to the categories set out in the left hand column - including the number of recipients and the total percentage of the new +securities held by the recipients in each category.

Total percentage of +securities held For example, to enter a value of 50% please input as 50.00

Number of +securities held Number of holders 1 - 1,000 % 1,001 - 5,000 % 5,001 - 10,000 % 10,001 - 100,000 % 100,001 and over %

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Appendix 2A - Application for quotation of securities

Issue details

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Number of +securities to be quoted 11,511,111 Are the +securities being issued for a cash consideration? Yes In what currency is the cash consideration being paid? What is the issue price per +security? AUD - Australian Dollar AUD 0.04500000 Any other information the entity wishes to provide about the +securities to be quoted

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Appendix 2A - Application for quotation of securities

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Appendix 2A - Application for quotation of securities

Part 4 - Issued capital following quotation

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Following the quotation of the +securities the subject of this application, the issued capital of the entity will comprise:

The figures in parts 4.1 and 4.2 below are automatically generated and may not reflect the entity's current issued capital if other Appendix 2A, Appendix 3G or Appendix 3H forms are 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)

+securities subject of this application)
	Total number of
ASX +security code and description	+securities on issue
SHP : ORDINARY FULLY PAID	125,659,839

4.2 Unquoted +securities (total number of each +class of +securities issued but not quoted on ASX)

	Total number of
ASX +security code and description	+securities on issue
SHPAA : OPTION EXPIRING 23-NOV-2025 EX $1.35	224,444
SHPAAC : OPTION EXPIRING 10-AUG-2026 EX $1.20	1,706,823
SHPAD : OPTION EXPIRING 19-JUN-2029 EX $0.09	333,333
SHPAS : OPTION EXPIRING 30-MAR-2027 EX $2.409	158,799
SHPAAF : OPTION EXPIRING 24-NOV-2026 EX $1.20	91,667
SHPAAD : OPTION EXPIRING 21-AUG-2027 EX $0.96	66,667
SHPAAJ : PERFORMANCE RIGHTS	3,233,334
SHPAAA : OPTION EXPIRING 01-JAN-2028 EX $0.99	200,000
SHPAAB : OPTION EXPIRING 01-JAN-2028 EX $1.32	200,000
SHPAK : OPTION EXPIRING 27-MAY-2026 EX $3.045	307,107
SHPAAE : OPTION EXPIRING 31-OCT-2028 EX $0.84	1,887,668
SHPAAK : OPTION EXPIRING 31-JUL-2027 EX $0.09	6,288,715
SHPAAI : OPTION EXPIRING 21-DEC-2026 EX $1.20	233,333
SHPAAH : OPTION EXPIRING 19-DEC-2026 EX $1.20	550,010

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Appendix 2A - Application for quotation of securities

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Appendix 2A - Application for quotation of securities
SHPAP : OPTION EXPIRING 05-AUG-2026 EX $2.2665	12,805
SHPAW : OPTION EXPIRING 31-OCT-2027 EX $1.635	133,333
SHPAX : OPTION EXPIRING 31-OCT-2027 EX $2.04	133,333
SHPAY : OPTION EXPIRING 30-SEP-2027 EX $1.80	187,866
SHPAZ : OPTION EXPIRING 10-NOV-2027 EX $2.25	308,201
SHPAT : OPTION EXPIRING 17-OCT-2026 EX $1.845	66,667
SHPAU : OPTION EXPIRING 31-OCT-2027 EX $0.825	133,333
SHPAV : OPTION EXPIRING 31-OCT-2027 EX $1.23	133,333

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