TURNSTONE RESOURCES LTD — Share Issue/Capital Change 2025

Aug 24, 2025

ASX ANNOUNCEMENT

25 August 2025

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COMPLETION OF CONSOLIDATION

South Harz Potash Limited (ASX:SHP) ( South Harz or the Company ) advises the Capital Structure following completion of the consolidation after approval by shareholders at the general meeting held on 15 August 2025.

New holding statements on a post Consolidation basis have been dispatched to shareholders today.

Security Code	Security Name	On Issue (Pre-Consolidation)	Security Name	On Issue (Post-Consolidation)
SHP	ORDINARY FULLY PAID SHARES	1,471,723,330	ORDINARY FULLY PAID SHARES	98,114,908
SHPAK	UNLISTED OPTIONS @ $0.203 EXP 27/05/2026	4,606,605	UNLISTED OPTIONS @ $3.045 EXP 27/05/2026	307,107
SHPAP	UNLISTED OPTIONS EXP 05/08/2026 @ $0.1511	192,069	UNLISTED OPTIONS @ $2.2665 EXP 05/08/2026	12,805
SHPAS	UNLISTED OPTIONS @ $0.1606 EXP 30/03/2027	2,382,000	UNLISTED OPTIONS @ $2.409 EXP 30/03/2027	158,799
SHPAT	UNLISTED OPTIONS @ $0.123 EXP 17/10/2026	1,000,000	UNLISTED OPTIONS @ $1.845 EXP 17/10/2026	66,667
SHPAU	UNLISTED OPTIONS @ $0.055 EXP 31/10/2027	2,000,000	UNLISTED OPTIONS @ $0.825 EXP 31/10/2027	133,333
SHPAV	UNLISTED OPTIONS @ $0.082 EXP 31/10/2027	2,000,000	UNLISTED OPTIONS @ $1.23 EXP 31/10/2027	133,333
SHPAW	UNLISTED OPTIONS @ $0.109 EXP 31/10/2027	2,000,000	UNLISTED OPTIONS @ $1.635 EXP 31/10/2027	133,333
SHPAX	UNLISTED OPTIONS @ $0.136 EXP 31/10/2027	2,000,000	UNLISTED OPTIONS @ $2.04 EXP 31/10/2027	133,333
SHPAY	UNLISTED OPTIONS @ $0.12 EXP 30/09/2027	2,818,000	UNLISTED OPTIONS @ $1.80 EXP 30/09/2027	187,866
SHPAZ	UNLISTED OPTIONS @ $0.15 EXP 10/11/2027	4,623,000	UNLISTED OPTIONS @ $2.25 EXP 10/11/2027	308,201
SHPAA	UNLISTED OPTIONS @ $0.09 EXP 23/11/2025	3,366,667	UNLISTED OPTIONS @ $1.35 EXP 23/11/2025	224,444
SHPAAA	UNLISTED OPTIONS @ $0.066 EXP 01/01/2028	3,000,000	UNLISTED OPTIONS @ $0.99 EXP 01/01/2028	200,000
SHPAAB	UNLISTED OPTIONS @ $0.088 EXP 01/01/2028	3,000,000	UNLISTED OPTIONS @ $1.32 EXP 01/01/2028	200,000
SHPAAC	UNLISTED OPTIONS EXP 10/08/2026 @ $0.08	25,602,270	UNLISTED OPTIONS @ $1.20 EXP 10/08/2026	1,706,823
SHPAAD	UNLISTED OPTIONS EXP 21/08/2027 @ $0.064	1,000,000	UNLISTED OPTIONS @ $0.96 EXP 21/08/2027	66,667
SHPAAE	UNLISTED OPTIONS EXP 31/10/2028 @ $0.056	28,315,000	UNLISTED OPTIONS @ $0.84 EXP 31/10/2028	1,887,668
SHPAAF	UNLISTED OPTIONS EXP 24/11/2026 @ $0.08	1,375,000	UNLISTED OPTIONS @ $1.20 EXP 24/11/2026	91,667
SHPAAH	UNLISTED OPTIONS EXP 19/12/2026 @ $0.08	8,249,937	UNLISTED OPTIONS @ $1.20 EXP 19/12/2026	550,010

REGISTERED OFFICE U13, 6 -10 Douro Place West Perth, W.A. 6005

CONTACT DETAILS ABN: 64 153 414 852 W: southharzpotash.com ASX Code: SHP E: info@southharzpotash.com Frankfurt Code: A2DWXX P: +61 (0) 408 447 493

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Security Code	Security Name	On Issue (Pre-Consolidation)	Security Name	On Issue (Post-Consolidation)
SHPAAI	UNLISTED OPTIONS EXP 21/12/2026 @ $0.08	3,500,000	UNLISTED OPTIONS @ $1.20 EXP 21/12/2026	233,333
SHPAD	UNLISTED OPTIONS EXP 19/06/2029@$0.006	5,000,000	UNLISTED OPTIONS @ $0.09 EXP 19/06/2029	333,333
SHPAAK	UNLISTED OPTIONS @ $0.006 EXP 31/07/2027	94,330,692	UNLISTED OPTIONS @ $0.09 EXP 31/07/2027	6,288,715
SHPAAJ	PERFORMANCE RIGHTS EXP 30/11/29	8,000,000	PERFORMANCE RIGHTS EXP 30/11/29	533,334
SHPAAJ	PERFORMANCE RIGHTS T1 EXP 01/07/29	5,250,000	PERFORMANCE RIGHTS T1 EXP 01/07/29	350,000
SHPAAJ	PERFORMANCE RIGHTS T2 EXP 01/01/30	8,750,000	PERFORMANCE RIGHTS T2 EXP 01/01/30	583,333
SHPAAJ	PERFORMANCE RIGHTS T3 EXP 01/01/29	5,250,000	PERFORMANCE RIGHTS T3 EXP 01/01/29	350,000
SHPAAJ	PERFORMANCE RIGHTS EXP 01/07/29	21,250,000	PERFORMANCE RIGHTS EXP 01/07/29	1,416,667

An App 2A and App 3G for the following shares and options will be issued after completion of the consolidation.

SHP	ORDINARY FULLY PAID SHARES	29,767,153
SHPAAK	UNLISTED OPTIONS @ $0.09 EXP 31/07/2027	1,111,112
TBA	UNLISTED OPTIONS @ $0.09 EXP 20/08/2027	20,783,573

Total Issued Capital will be 127,882,061 fully paid ordinary shares following this issue of securities.

This announcement was authorised for release by the South Harz Board of Directors

Investor and media enquiries Len Jubber Executive Chairman South Harz Potash Ltd info@southharzpotash.com

Michael Vaughan Fivemark Partners +61 422 602 720 michael.vaughan@fivemark.com.au

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About South Harz: Responsible potash mine development in the heart of the European market

South Harz is a potash exploration and development company with its principal project located in the historic South Harz Potash District region of Germany, midway between Frankfurt and Berlin.

The South Harz Project hosts a globally large-scale potash JORC (2012) Mineral Resource estimate of 258 million tonnes at 13.2% K2O of Indicated Resources and 5.1 billion tonnes at 10.6% K2O of Inferred Resources across four wholly owned project areas located favourably within central Europe. This comprises three perpetual potash mining licences, Ohmgebirge, Ebeleben and Mühlhausen-Nohra, and two potash exploration licences, Küllstedt and Gräfentonna.

The Ohmgebirge Development (1.0 Mtpa potash capacity) was the subject of a positive Pre-Feasibility Study (PFS) and maiden Ore Reserve declaration in May 2024. As part of that process, South Harz also agreed non-binding key terms for the purchase of the neighbouring Sollstedt mine property, which includes extensive underground and surface infrastructure (including multiple operating shafts). The envisaged brownfield development of Ohmgebirge (as facilitated by the Sollstedt mine) delivers significantly lower pre-production capital expenditure and surface footprint (relative to the greenfield alternatives).

South Harz also received the Spatial Planning Assessment for Ohmgebirge in June 2024, a key step in the permitting process which confirmed the compatibility of all submitted site options with regional planning requirements. www.southharzpotash.com

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For full Mineral Resource, Ore Reserve, Ohmgebirge PFS and Sollstedt acquisition key terms refer to South Harz ASX announcements Landmark Sollstedt Mine Purchase, Ohmgebirge Pre-Feasibility Study and Maiden Ore Reserve dated 22 May 2024, and Landmark Resource Upgrade at Ohmgebirge dated 12 July 2022. South Harz is not aware of any new information or data that materially affects the information included in these releases and confirms that all material assumptions and technical parameters underpinning the estimates in these releases continue to apply and have not materially changed.

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