WESTAR RESOURCES LIMITED — Capital/Financing Update 2026

Feb 25, 2026

ASX:WSR

26 February 2026

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----- Start of picture text ----- ASX ANNOUNCEMENT----- End of picture text -----

Notification pursuant to Section 708A(5)(e) of the Corporations Act 2001

Westar Resources Limited (Company) gives notice pursuant to section 708A(5)(e) of the Corporations Act 2001 Cth (‘the Act’) that on 26[th] February 2026, it issued 40,000,000 fully paid ordinary shares as tranche 1 of a placement announced on 23 February 2026.

In accordance with section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Act ), the Company gives notice that:

• (a) the Company issued the securities without disclosure to investors under Part 6D.2 of the Act;

• (b) this notice is given pursuant to paragraph (5)(e) of Section 708A of the Act;

• (c) as at the date of this notice the Company has complied with:

  • (i.) the provisions of Chapter 2M of the Act as they apply for the Company; and

  • (ii.) Section 674 and 674A of the Act; and

• (d) as at the date of this notice there is no information:

  • (i.) that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and

  • (ii.) that investors and their professional advisors would reasonably require for the purpose of making an informed assessment of:

    • (A.) the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

    • (B.) the rights and liabilities attaching to the securities.

An Appendix 2A follows.

-END-

This announcement has been authorised for issue by the Board of Westar Resources Limited in accordance with ASX Listing Rule 15.5.

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----- Start of picture text ----- 1Westar Resources Limited | ACN 635 895 082 | ABN 66 635 895 082Level 1, 19 Ord St, West Perth, WA 6005 | PO Box 814 West Perth, WA 6872+61 08 6556 6000 | admin@westar.net.au | www.westar.net.au----- End of picture text -----

ASX ANNOUNCEMENT ASX: WSR

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For further information please contact:

Eddie King

Non-Executive Director Westar Resources Limited T +61 8 6556 6000 E admin@westar.net.au

About Westar Resources Ltd

Westar Resources is a Perth-based Resource company focused on creating value for shareholders and the communities we live and work in, through the discovery, acquisition and development of high-quality gold and copper projects in supportive jurisdictions. Westar’s projects are strategically located in the highly prospective Yilgarn Craton near Southern Cross and Sandstone.

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