14 Jan

Release of Shares from Voluntary Escrow

Prospect Resources Limited ACN 124 354 329 Level 2, 33 Richardson Street. West Perth WA 6005 E: info@prospectresources.com.au W: prospectresources.com.au ASX.PSC FRA.5E8 ASX ANNOUNCEMENT 14 January 2022 Release of Shares from Voluntary Escrow Prospect Resources Limited (ASX: PSC, FRA:5E8) ( Prospect or the Company ) advises that, in accordance with ASX Listing Rule 3.10A, 2,374,420 fully paid ordinary shares will be released from voluntary escrow on 22 January 2022. These shares represent 25% of the fully paid ordinary shares held by Farvic Consolidated Mines (Pvt) Ltd ( Farvic ) originally issued on 22 July 2021 as part consideration of the acquisition of Farvic’s 17% holding in the Arcadia Lithium Project. 25% of the shares held by Farvic are being released from voluntary escrow every 6 months. The release of these shares does not change the issued capital of the Company. Approved for release by Ian Goldberg, Joint Company Secretary. For further information, please contact: Sam Hosack Managing Director shosack@prospectresources.com.au Nicholas Rathjen Head of Corporate Development nrathjen@prospectresources.com.au
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