Announcement PDF ESTRELLA RESOURCES LIMITED (ACN 151 155 207) NOTICE OF ANNUAL GENERAL MEETING AND EXPLANATORY MEMORANDUM Thursday, 26 November 2026 12:00PM AWST To be held in person at Level 8, 216 St Georges Terrace Perth, Western Australia 6000 The Annual Report is available online at https://www.estrellaresources.com.au/ This Notice of Annual General Meeting and Explanatory Memorandum should be read in its entirety. If Shareholders are in doubt as to how to vote, they should seek advice from their accountant, solicitor or other professional adviser without delay. Should you wish to discuss any matter please do not hesitate to contact the Company by telephone on +61 8 9481 0389. NOTICE OF MEETING Notice is given that the Annual General Meeting of Shareholders of Estrella Resources Limited (ACN 151 155 207) (Company) will be held in person at Level 8, 216 St Georges Terrace, Perth, Western Australia 6000 on Thursday, 26 November 2026 commencing at 12:00pm AWST (Meeting). The Explanatory Memorandum to this Notice provides additional information on matters to be considered at the Meeting. The Explanatory Memorandum and the Proxy Form form part of this Notice. The Directors have determined pursuant to regulation 7.11.37 of the Corporations Regulations 2001 (Cth) that the persons eligible to vote at the Meeting are those who are registered as Shareholders at 5:00pm AWST on 24 November 2026. The terms and abbreviations used in this Notice and Explanatory Memorandum are defined in Schedule 1. AGENDA Annual Report To table and consider the Annual Report of the Company and its controlled entities for the financial year ended 30 June 2026, which includes the Financial Report, the Directors’ Report and the Auditor’s Report. 1. Resolution 1 – Adoption of Remuneration Report To consider, and, if thought fit, to pass as a non-binding resolution the following: “That, for the purposes of section 250R(2) of the Corporations Act and for all other purposes, the Remuneration Report that forms part of the Directors’ Report for the financial year ended 30 June 2026 be adopted by the Shareholders on the terms and conditions in the Explanatory Memorandum.” Please note that a vote on this Resolution 1 is advisory only and does not bind the Directors or the Company. Voting Prohibition In accordance with section 250R of the Corporations Act, a vote on this Resolution 1 must not be cast (in any capacity) by, or on behalf of, a member of the Key Management Personnel whose remuneration details are included in the Remuneration Report, or a Closely Related Party of such member. However, a vote may be cast by such person if: (a) the person is acting as a proxy and the Proxy Form specifies how the proxy is to vote, and the vote is not cast on behalf of a person who is otherwise excluded from voting on this Resolution 1 as described above; or (b) the person is the Chair voting an undirected proxy which expressly authorises the Chair to vote on a resolution connected with the remuneration of a member of the Key Management Personnel. 3 2. Resolution 2 – Re-election of Director – Mr Christopher Daws To consider, and, if thought fit, to pass as an ordinary resolution the following: “That, for the purpose of clause 14.2 of the Constitution, ASX Listing Rule 14.4 and for all other purposes, Mr Christopher Daws, who ceased to be the Managing Director on 22 May 2026, retires, and being eligible for re-election, is elected as a Director with immediate effect.” 3. Resolution 3 – Approval of 10% Placement Facility (ASX Listing Rule 7.1A) To consider, and, if thought fit, to pass with or without amendment, as a special resolution the following: “That, pursuant to and in accordance with Listing Rule 7.1A and for all other purposes, the Shareholders approve the issue of Equity Securities up to 10% of the issued capital of the Company (at the time of issue) calculated in accordance with the formula prescribed in Listing Rule 7.1A.2 and on terms and conditions in the Explanatory Memorandum.” 4. Resolution 4 – Ratification of prior issue of Underwriter Options under ASX Listing Rule 7.1 To consider, and, if thought fit, to pass with or without amendment, as an ordinary resolution the following: “That, for the purpose of ASX Listing Rule 7.4 and for all other purposes, the Shareholders ratify the issue of 80,000,000 Underwriter Options issued pursuant to the Company’s placement capacity under ASX Listing Rule 7.1 on the terms and conditions set out in the Explanatory Memorandum.” Voting Exclusion Statement The Company will disregard any votes cast in favour of this Resolution 4 by or on behalf of: (a) a person (or persons) who participated in the issue or is a counterparty to the agreement being approved (namely, Million Link (China) Investment Ltd (and/or its nominee(s))); or (b) any Associate of that person or those persons. However, this does not apply to a vote cast in favour of this Resolution 4 by: (a) a person as a proxy or attorney for a person who is entitled to vote on this Resolution 4, in accordance with directions given to the proxy or attorney to vote on this Resolution 4 in that way; (b) the Chair of the meeting as proxy or attorney for a person who is entitled to vote on this Resolution 4, in accordance with a direction given to the Chair to vote on this Resolution 4 as the Chair decides; or (c) a holder acting solely in a nominee, trustee, custodial or other fiduciary capacity on behalf of a beneficiary provided the following conditions are met: (i) the beneficiary provides written confirmation to the holder that the beneficiary is not excluded from voting, and is not an associate of a person excluded from voting, on this Resolution 4; and (ii) the holder votes on this Resolution 4 in accordance with directions given by the beneficiary to the holder to vote in that way. 4 5. Resolutions 5(a) – 5(d) – Approval to issue Director Performance Rights (ASX Listing Rule 10.14) To consider, and, if thought fit, to pass with or without amendment, as ordinary resolutions, the following: “That, for the purposes of section 195(4) and section 208 of the Corporations Act, ASX Listing Rule 10.14, and for all other purposes, approval is given for the Company to issue: (a) 20,000,000 Director Performance Rights to Mr Leslie Pereira (and/or his nominee(s)); (b) 20,000,000 Director Performance Rights to Mr Robert Mencel (and/or his nominee(s)); (c) 20,000,000 Director Performance Rights to Mr John Kingswood (and/or his nominee(s)); and (d) 20,000,000 Director Performance Rights to Mr Christopher Daws (and/or his nominee(s)), on the terms and conditions set out in the Explanatory Memorandum.” Voting Exclusion Statement The Company will disregard any votes cast in favour of: (a) Resolution 5(a) by or on behalf of: (i) the person referred to in rule 10.14.1, 10.14.2 or 10.14.3 who is eligible to participate in the employee incentive scheme in question (namely Mr Leslie Pereira); or (ii) any Associate of that person or those persons; (b) Resolution 5(b) by or on behalf of: (i) the person referred to in rule 10.14.1, 10.14.2 or 10.14.3 who is eligible to participate in the employee incentive scheme in question (namely Mr Robert Mencel); or (ii) any Associate of that person or those persons; (c) Resolution 5(c) by or on behalf of: (i) the person referred to in rule 10.14.1, 10.14.2 or 10.14.3 who is eligible to participate in the employee incentive scheme in question (namely, Mr John Kingswood); or (ii) any Associate of that person or those persons; (d) Resolution 5(d) by or on behalf of: (i) the person referred to in rule 10.14.1, 10.14.2 or 10.14.3 who is eligible to participate in the employee incentive scheme in question (namely, Mr Christopher Daws); or (ii) any Associate of that person or those persons; However, this does not apply to a vote cast in favour of the Resolutions by: (a) a person as proxy or attorney for a person who is entitled to vote on Resolutions, in accordance with directions given to the proxy or attorney to vote on Resolutions in that way; or (b) the Chair as proxy or attorney for a person who is entitled to vote on the Resolutions, in accordance with a direction given to the Chair to vote on the Resolutions as the Chair decides; or (c) a holder acting solely in a nominee, trustee, custodial or other fiduciary capacity on behalf of a beneficiary provided the following conditions are met: (i) the beneficiary provides written confirmation to the holder that the beneficiary is not excluded from voting, and is not an associate of a person excluded from voting, on the Resolutions; and (ii) the holder votes on the Resolutions in accordance with directions given by the beneficiary to the holder to vote in that way. Voting Prohibition Statement In accordance with section 224 of the Corporations Act, a vote on the Resolutions must not be cast (in any capacity) by or on behalf of a related party of the Company to whom the Resolutions would permit a financial benefit to be given, or an associate of such a related party (Resolutions 5(a) – 5(d) Excluded Party). However, 5 this prohibition does not apply if the vote is cast by a person as proxy appointed by writing that specifies how the proxy is to vote on the Resolutions and it is not cast on behalf of a Resolutions 5(a) – 5(d) Excluded Party. In accordance with section 250BD of the Corporations Act, a person appointed as a proxy must not vote, on the basis of that appointment, on the Resolutions if: (a) the proxy is either: (i) a member of the Key Management Personnel; or (ii) a Closely Related Party of such a member; and (b) the appointment does not specify the way the proxy is to vote on the Resolutions. Provided the Chair is not a Resolutions 5(a) – 5(d) Excluded Party, the above prohibition does not apply if: (a) the proxy is the Chair; and (b) the appointment expressly authorises the Chair to exercise the proxy even though the Resolutions are connected directly or indirectly with remuneration of a member of the Key Management Personnel. 6. Resolution 6 – Election of Director – Mr John Scholtz To consider, and, if thought fit, to pass as an ordinary resolution the following: “That, for the purposes of clause 14.3 of the Constitution and for all other purposes, Mr John Scholtz, having offered himself for election as a Director in accordance with the Constitution, be elected as a Director of the Company.” 7. Resolution 7 – Election of Director – Mr Greg Plumb To consider, and, if thought fit, to pass as an ordinary resolution the following: “That, for the purposes of clause 14.3 of the Constitution and for all other purposes, Mr Greg Plumb, having offered himself for election as a Director in accordance with the Constitution, be elected as a Director of the Company.” 8. Resolution 8 – Increase in Non-executive Director fee pool To consider, and, if thought fit, to pass, with or without amendment, as an ordinary resolution, the following: “That, for the purposes of clause 14.8 of the Constitution, ASX Listing Rule 10.17 and for all other purposes, approval is given to increase the maximum total aggregate remuneration payable to Non-Executive Directors from $380,000 to $500,000 per annum, on the terms and conditions set out in the Explanatory Memorandum.” Voting Exclusion Statement The Company will disregard any votes cast in favour of this Resolution by or on behalf of: (a) a Director of the Company; or (b) an Associate of that person (or those persons). However, this does not apply to a vote cast in favour of the Resolution by: (a) a person as proxy or attorney for a person who is entitled to vote on the Resolution, in accordance with directions given to the proxy or attorney to vote on the Resolution in that way; or (b) the Chair as proxy or attorney for a person who is entitled to vote on the Resolution, in accordance with a direction given to the Chair to vote on the Resolution as the Chair decides; or (c) a holder acting solely in a nominee, trustee, custodial or other fiduciary capacity on behalf of a beneficiary, provided the following conditions are met: (i) the beneficiary provides written confirmation to the holder that the beneficiary is not excluded from voting, and is not an Associate of a person excluded from voting, on the Resolution; and 6 (ii) the holder votes on the Resolution in accordance with directions given by the beneficiary to the holder to vote in that way. Voting Prohibition Statement In accordance with section 250BD of the Corporations Act, a person appointed as a proxy must not vote, on the basis of that appointment, on this Resolution if: (a) the proxy is either: (i) a member of the Key Management Personnel; or (ii) a Closely Related Party of such a member; and (b) the appointment does not specify the way the proxy is to vote on this Resolution. However, the above prohibition does not apply if: (a) the proxy is the Chair; and (b) the appointment expressly authorises the Chair to exercise the proxy even though this Resolution is connected directly or indirectly with remuneration of a member of the Key Management Personnel. Dated 16 October 2026 BY ORDER OF THE BOARD Benjamin Smith Joint Company Secretary 7 EXPLANATORY MEMORANDUM 1. Introduction This Explanatory Memorandum has been prepared for the information of Shareholders of the Company in connection with the business to be conducted at the Meeting to be held in person at Level 8, 216 St Georges Terrace, Perth, Western Australia 6000 on Thursday, 26 November 2026, commencing at 12:00pm AWST. This Explanatory Memorandum should be read in conjunction with and forms part of the accompanying Notice. The purpose of this Explanatory Memorandum is to provide information to Shareholders in deciding whether or not to pass the Resolutions in the Notice. A Proxy Form is located at the end of the Explanatory Memorandum. 2. Action to be taken by Shareholders Shareholders should read the Notice and this Explanatory Memorandum carefully before deciding how to vote on the Resolutions. 2.1 Proxies A Proxy Form is attached to the Notice. This is to be used by Shareholders if they wish to appoint a representative (a proxy) to vote in their place. All Shareholders are invited and encouraged to participate in the Meeting and are encouraged to lodge a directed Proxy Form to the Company in accordance with the instructions thereon. Lodgement of a Proxy Form will not preclude a Shareholder from attending and voting at the Meeting in person. Please note that: (a) a member of the Company entitled to vote at the Meeting is entitled to appoint a proxy; (b) a proxy need not be a member of the Company; and (c) a member of the Company entitled to cast two or more votes may appoint two proxies and may specify the proportion or number of votes each proxy is appointed to exercise, but where the proportion or number is not specified, each proxy may exercise half of the votes. Shareholders and their proxies should be aware that: (a) if proxy holders vote, they must cast all directed proxies as they are directed to; and (b) any directed proxies which are not voted will automatically default to the Chair, who must vote the proxies as directed. Further details are set out below. Proxy vote if appointment specifies way to vote Section 250BB(1) of the Corporations Act provides that an appointment of a proxy may specify the way the proxy is to vote on a particular resolution and, if it does: (a) the proxy need not vote on a show of hands, but if the proxy does so, the proxy must vote that way (i.e., as directed); and 8 (b) if the proxy has 2 or more appointments that specify different ways to vote on the resolution – the proxy must not vote on a show of hands; and (c) if the proxy is the Chair of the meeting at which the resolution is voted on – the proxy must vote on a poll, and must vote that way (i.e., as directed); and (d) if the proxy is not the Chair – the proxy need not vote on the poll, but if the proxy does so, the proxy must vote that way (i.e., as directed). Transfer of non-chair proxy to Chair in certain circumstances Section 250BC of the Corporations Act provides that, if: (a) an appointment of a proxy specifies the way the proxy is to vote on a particular resolution at a meeting of the Company’s members; and (b) the appointed proxy is not the Chair of the meeting; and (c) at the meeting, a poll is duly demanded, or is otherwise required under section 250JA, on the question that the resolution be passed; and (d) either of the following applies: (i) if a record of attendance is made for the meeting – the proxy is not recorded as attending; (ii) the proxy does not vote on the resolution, the Chair of the meeting is taken, before voting on the resolution closes, to have been appointed as the proxy for the purposes of voting on the resolution at the meeting. The enclosed Proxy Form provides further details on appointing proxies and lodging Proxy Forms. 2.2 Proxy Holders and Voting Instructions If the Chair is appointed as your proxy and the Chair is not directed how to vote, you are authorising the Chair to cast your undirected vote on all proposed resolutions. If a member of the Company’s Key Management Personnel, or a Closely Related Party of such member, is appointed as your proxy, they will not be able to vote your proxy on Resolution 1, Resolutions 5(a) – 5(d), and Resolution 8 unless you direct them how to do so. If you intend to appoint a member of the Company’s Key Management Personnel, or a Closely Related Party of such member, or the Chair, as your proxy, you are encouraged to direct them how to vote on Resolution 1, Resolutions 5(a) – 5(d), and Resolution 8, by marking “For”, “Against” or “Abstain” for each of those Resolutions. 2.3 Submit your Proxy Vote Online Vote online at https://investor.automic.com.au/#/loginsah and simply follow the instructions on the enclosed proxy form. 9 By Paper If you do not wish to vote online, then it is necessary to complete the Proxy Form in accordance with the detailed instructions set out on the enclosed Proxy Form. The return of your completed form (ONLY if you do NOT vote online) can be done in one of the following ways: BY MAIL Automic GPO Box 5193 Sydney, New South Wales 2001 BY EMAIL meeting@automicgroup.com.au BY MOBILE Scan the QR Code on your proxy form and follow the prompts. 3. Annual Report There is no requirement for Shareholders to approve the Annual Report. Shareholders will be offered the following opportunities: (a) to discuss the Annual Report which is available online at https://www.estrellaresources.com.au; (b) to ask questions or make comments on the management of the Company; and (c) to ask the auditor questions about the conduct of the audit and the preparation and content of the Auditor’s Report. In addition to taking questions at the Meeting, written questions to the Chair about the management of the Company, or to the Company’s auditor about: (a) the preparation and the content of the Auditor’s Report; (b) the conduct of the audit; (c) accounting policies adopted by the Company in relation to the preparation of the financial statements; and (d) the independence of the auditor in relation to the conduct of the audit, may be submitted no later than 5 Business Days before the Meeting to the Company Secretary at the Company’s registered office. 4. Resolution 1 – Adoption of Remuneration Report Section 250R(2) of the Corporations Act provides that the Company is required to put the Remuneration Report to the vote of Shareholders. The Directors’ Report contains the Remuneration Report which sets out the remuneration policy for the Company and reports the remuneration arrangements in place for the executive Directors, specified executives and Non-executive Directors. 10 Section 250R(3) of the Corporations Act provides that Resolution 1 is advisory only and does not bind the Directors of the Company. Of itself, a failure of Shareholders to pass Resolution 1 will not require the Directors to alter any of the arrangements in the Remuneration Report. However, the Corporations Act also gives Shareholders the opportunity to remove the Board if the Remuneration Report receives a ‘no’ vote of 25% or more at two consecutive annual general meetings (Two Strikes Rule). Under the Two Strikes Rule, where a resolution on the Remuneration Report receives a ‘no’ vote of 25% or more at two consecutive annual general meetings, the Company will be required to put to Shareholders at the second annual general meeting a resolution on whether another meeting should be held (within 90 days) at which all Directors (other than the managing director) who were in office at the date of approval of the applicable Directors’ Report will cease to hold office immediately before that further meeting but may stand for re- election. At the Company’s previous annual general meeting the votes cast against the Remuneration Report considered at that annual general meeting were less than 25%. Accordingly, a further resolution relating to the Two Strikes Rule is not relevant for this Annual General Meeting. The Chair will allow a reasonable opportunity for Shareholders as a whole to ask about, or make comments on the Remuneration Report. The Chair intends to exercise all undirected proxies in favour of Resolution 1. If the Chair of the Meeting is appointed as your proxy and you have not specified the way the Chair is to vote on Resolution 1, by signing and returning the Proxy Form, the Shareholder is considered to have provided the Chair with an express authorisation for the Chair to vote the proxy in accordance with the Chair’s intention. 5. Resolution 2 – Re-election of Director – Mr Christopher Daws 5.1 General Clause 14.2 of the Constitution requires that at the Company’s annual general meeting in every year, one-third of the Directors for the time being, or, if their number is not a multiple of 3, then the number nearest one-third (rounded upwards in case of doubt), shall retire from office, provided always that no Director (except a managing director) shall hold office for a period in excess of 3 years, or until the third annual general meeting following his or her appointment, whichever is the longer, without submitting himself or herself for re-election. The Directors to retire at an annual general meeting are those who have been longest in the office since their last election, but, as between persons who became Directors on the same day, those to retire shall (unless they otherwise agree among themselves) be determined by drawing lots. A Director who retires by rotation under clause 14.2 of the Constitution is eligible for re- election. ASX Listing Rule 14.4 provides that a director of an entity must not hold office (without re- election) past the third annual general meeting following the director’s appointment or 3 years, whichever is longer. Mr Christopher Daws (Mr Daws) who transitioned from Managing Director to Non-executive Director on 22 May 2026 (ASX: 22 May 2026), will retire in accordance with clause 14.2 of the Constitution and being eligible, seeks re-election. 11 5.2 Background and qualifications From 2017 to November 2020 Chris has been in the role of CEO of Estrella Resources Limited (ASX: ESR) in which he was instrumental in the negotiation and acquisition of newly discovered lithium mineralisation within the Widgiemooltha Nickel Project area and negotiated the purchase of the remaining resource assets from Apollo Phoenix Resources. During this time with Estrella Chris has also negotiated the acquisition of nickel rights at the Spargoville Nickel Project, Western Australia. Chris has managed numerous capital raisings and successful exploration programs for Estrella as well as its divestments over the past 9 years. Chris has been instrumental in directing Estrella’s exploration push into the Timor- Leste resources arena, playing a key role in identifying, targeting, and acquiring concessions in Timor-Leste. Chris has been a director/majority shareholder of private resource investment Company Nimbus Mines Pty Ltd since 2001 and a director/ shareholder of Apollo Phoenix Resources Pty Ltd since 2015. Chris has held numerous ASX listed directorships over the past 15 years including Spitfire Resources Limited (2007-2012), Ardent Minerals, Kalgoorlie Mining Company Limited, US Nickel Limited, Lumacom Limited, Niagara Mining Limited (2004-2007) and held the role of Managing Director of Estrella Resources between November 2020 and May 2026 before moving to his present Non-executive Director role. 5.3 Independence If re-elected, the Board considers Mr Daws to not be an independent Director. 5.4 Board recommendation The Board (excluding Mr Daws) recommends that Shareholders vote in favour of Resolution 2. The Chair of the meeting intends to vote undirected proxies in favour of Resolution 2. 6. Resolution 3 – Approval of 10% Placement Facility 6.1 General ASX Listing Rule 7.1A enables eligible entities to issue Equity Securities up to 10% of their issued share capital through placements commencing from the date of the Meeting where the Company obtains the approval until the earlier of the following: (a) the date that is 12 months after the date of the Meeting at which the approval is obtained; (b) the time and date of the Company’s next annual general meeting; or (c) the time and date of the approval of Shareholders of a transaction under ASX Listing Rule 11.1.2 or 11.2 in respect of the Company, (10% Placement Facility). The 10% Placement Facility is in addition to the Company’s 15% placement capacity under ASX Listing Rule 7.1. An eligible entity for the purposes of ASX Listing Rule 7.1A is an entity that is not included in the S&P/ASX 300 Index and has a market capitalisation of $300 million or less. The Company currently has a market capitalisation of $58,541,163 and is an eligible entity. 12 The Company is now seeking Shareholder approval by way of a special resolution to have the ability to issue Equity Securities under the 10% Placement Facility. The exact number of Equity Securities to be issued under the 10% Placement Facility will be determined in accordance with the formula prescribed in ASX Listing Rule 7.1A.2 (refer Section 6.2(c) below). 6.2 Description of Listing Rule 7.1A (a) Shareholder approval The ability to issue Equity Securities under the 10% Placement Facility is subject to shareholder approval by way of a special resolution at an annual general meeting. Accordingly, at least 75% of votes cast by Shareholders present and eligible to vote at the Meeting must be in favour of Resolution 3 for it to be passed. (b) Equity Securities Any Equity Securities issued under the 10% Placement Facility must be in the same class as an existing quoted class of Equity Securities of the Company. The Company, as at the date of the Notice, has on issue two classes of quoted Equity Securities, being Shares (ASX: ESR) and Listed Options (ASX: ESROB). (c) Formula for calculating 10% Placement Facility ASX Listing Rule 7.1A.2 provides that eligible entities which have obtained shareholder approval at an annual general meeting may issue or agree to issue, during the 12-month period after the annual general meeting, a number of Equity Securities calculated in accordance with the following formula: (A x D) – E Where: A is the number of fully paid ordinary securities on issue at the commencement of the relevant period: (A) plus the number of fully paid ordinary securities issued in the relevant period under an exception in ASX Listing Rule 7.2 other than Exception 9, 16 or 17; (B) plus the number of fully paid ordinary securities issued in the relevant period on the conversion of convertible securities within ASX Listing Rule 7.2 Exception 9 where: (1) the convertible securities were issued or agreed to be issued before the commencement of the relevant period; or (2) the issue of, or agreement to issue, the convertible securities approved, or taken to have been approved, under ASX Listing Rule 7.1 or 7.4; (C) plus the number of fully paid ordinary securities issued in the relevant period under an agreement to issue securities within ASX Listing Rule 7.2 Exception 16 where: 13 (1) the agreement was entered into before the commencement of the relevant period; or (2) the agreement or issue was approved, or taken under these rules to have been approved, under ASX Listing Rule 7.1 or 7.4; (D) plus the number of any other fully paid ordinary securities issued in the relevant period with approval under ASX Listing Rule 7.1 or 7.4; (E) plus the number of partly paid ordinary securities that became fully paid in the relevant period; (F) less the number of fully paid shares cancelled in the relevant period. Note that A has the same meaning in ASX Listing Rule 7.1 when calculating an entity’s 15% placement capacity. D is 10%. E is the number of Equity Securities issued or agreed to be issued under ASX Listing Rule 7.1A.2 in the relevant period where the issue or agreement has not been subsequently approved by the holders of its ordinary securities under ASX Listing Rule 7.4. (d) ASX Listing Rule 7.1A and ASX Listing Rule 7.3A The ability of an entity to issue Equity Securities under ASX Listing Rule 7.1A is in addition to the entity’s 15% placement capacity under ASX Listing Rule 7.1. At the date of this Notice, the Company has on issue 2,251,945,227 Shares. Assuming Resolution 4 is passed, the Company has a capacity to issue: (i) 337,791,484 Equity Securities under ASX Listing Rule 7.1; and (ii) 225,194,522 Equity Securities under ASX Listing Rule 7.1A. The actual number of Equity Securities that the Company will have capacity to issue under ASX Listing Rule 7.1A will be calculated at the date of issue of the Equity Securities in accordance with the formula prescribed in ASX Listing Rule 7.1A.2 (refer to Section 6.2(c) above). (e) Minimum Issue Price The issue price of Equity Securities issued under ASX Listing Rule 7.1A must be not less than