XSTATE RESOURCES LIMITED(XST)

The suspension of trading in the securities of Xstate Resources Limited will be lifted from the commencement of trading on Tuesday, 16 September 2025 following its re compliance with Chapters 1 and 2 of the ASX Listing Rules.

The company has signed a drilling contract with Easternwell Group Operations Pty Ltd to drill the Diona-1 well in the Surat-Bowen Basin, Queensland.

The company releases the following: appendix 1A and information form and checklist and annexure 2, corporate governance statement, securities dealing policy, distribution schedule, top 20 shareholders, and its pre-reinstatement disclosure.

The company's securities will be reinstated to quotation on 16 September 2025, following re-compliance with ASX Listing Rules. The company raised A$2,144,000 through a prospectus offering 107,200,000 shares at A$0.02 per share.

The company lodges its interim financial report for June 2025.

The company has completed its Re-compliance Prospectus offer, raising approximately $2.14 million. The company plans to satisfy ASX conditions for re-listing and trading on the ASX, with approvals in place for drilling.

The company has received approval from the Queensland Department of Natural Resources and Mines for the transfer of 51% of ATP 2077, pending a stamped transfer form.

The company has raised over $2.0m in a Re-compliance Prospectus offer, allowing it to re-instatement its shares to trading on the ASX, with ASX's discretion for reinstatement.

The company has extended the closing date of its Re-compliance Prospectus offer to 21 August 2025 to allow for final applications to be processed and funds banked. The company plans to re-instatement its shares to trading on the ASX by 9 September 2025, if the offer is not met.

The company has completed the consolidation of its issued capital, with a post-consolidation structure of fully paid ordinary shares and unlisted options. New holding statements are being dispatched to shareholders, and trading in post-consolidation shares will resume on 11 August 2025.

The company lodges its quarterly activities and cash flow report for June 2025.

The company lodges its Constitution.

The company releases the results of its general meeting of shareholders.

The company has extended the closing date for its Re-compliance Prospectus offer to 7 August 2025, with an updated indicative timetable for re-instatement of shares to trading on the ASX. Existing shareholders and prospective applicants are encouraged to apply.

The company invites shareholders and investors to an investor webinar on 22 July 2025, featuring Managing Director Andrew Bald discussing recent actions and pending Diona Project acquisition.

Entities with securities suspended for over three months must lodge periodic reports, meet a 1 year deadline for the oldest outstanding report, and execute plans for resuming trading to ASX's satisfaction. Failure to meet deadlines results in removal from the official list.

The company releases its investor presentation.

The company is open for applications for a capital raising, with existing shareholders invited to participate. Joint Lead Managers PAC Partners and BW Equities will issue 100 million and 150 million shares at $0.02 per share. A Shareholders Meeting is scheduled for approval.

The company lodges its notice of security consolidation or split.

The company will hold its general meeting of shareholders at 10:00am (AWST) on 28 July 2025 at Vibe Hotel, 9 Alvan Street, Subiaco WA 6008.

The company releases its re-compliance prospectus for an offer of 100 million fully paid ordinary shares in the capital of the company at an issue price of $0.02 each to raise a minimum of $2.0 million and up to a maximum of 150 million Shares to raise up to $3.0 million before costs.

The company has appointed PAC Partners Securities Pty Ltd and BW Equities Pty Ltd as Joint Lead Managers for its upcoming Public Offer. The company plans to raise up to $3 million through a full form prospectus, with a capital raising fee of 6%. The Joint Lead Managers will receive up to 25 million unlisted Options, with the allocation determined by separate agreement.

The company has agreed to dispose of its 20% working interest in its Austrian Anshof project, assigning production to Kathari Energia GmbH for EUR547,0751. This will result in a decrease in XST's production by 14 bopd and allow the company to focus on its Diona project.

ADX Energy Ltd has agreed to increase economic interest in the Anshof Field Area from 50% to 70%, increasing its share of Anshof oil production from 58 to 72 BOPD. The transaction, subject to MND Austria's consent, will not involve any cash outflows for ADX.

The company releases the results of its annual general meeting.

The company lodges its quarterly activities report and cash flow report for March 2025.

The company will be holding its Annual General Meeting at 10:00am (AWST) on 14 May 2025 at Level 1, 31 Cliff Street, Fremantle, WA 6160.

Entities that have been suspended for more than three months due to their unfiled periodic reports, along with the oldest overdue report deadline and their two-year deadline for trading plans, will be removed from the official list if these conditions are not fulfilled.

The company releases Elixir Energy Limited's Diona Farmout Presentation.

The company is set to acquire 51% of the Diona Gas Project in Queensland, owned by Elixir Energy. The acquisition will accelerate the drilling of an exploration well, Diona-1, expected to be completed in Q3 2025. The acquisition is subject to ASX approval.

Elixir Energy Limited has entered into an agreement with Xstate Resources Ltd to farm-out the Diona sub-block of ATP 2077, with XST providing a 51% interest in return for drilling an exploration well.

The company releases its 2024 annual report and corporate governance statement, as well as its appendix 4G.

The company has agreed to sell its 25% working interest in Crest Jinn assets in Alberta, Canada, to Blue Sky Resources Limited. The deal will be effective from January 1, 2025, with Xstate receiving a 3% overriding royalty on 25% of production operations. The company plans to use the royalty interest for corporate operational costs.

The company releases its December 2024 Quarterly Activities and Cash Flow Report.

The entities suspended for over three months failed periodic reports, the oldest outstanding report deadline, and their 2 year deadline for trading plans. If not met, they will be removed from the official list, usually after the first trading day.

The company releases its September 2024 Quarterly Activities and Cash Flow Report.

The company lodges its 30 June 2024 Interim Financial Report.

The securities of Xstate Resources Limited will be suspended from quotation immediately under Listing Rule 17.3. ASX has determined that XST's level of operations is not adequate to warrant the continued quotation of its securities and therefore is in breach of Listing Rule 12.1. The suspension will continue until such time that ASX is satisfied with XST's compliance with the Listing Rules, including Listing Rule 12.1, and that it is otherwise appropriate for XST's securities to be reinstated to quotation.

The suspension of trading in the securities of Xstate Resources Limited will be lifted immediately, following the release by XST of an announcement regarding a resource report on the Borba 1-7 well.

Maiden Independent Prospective Resource Assessment completed. Multiple stacked conventional sandstone objectives able to be tested with a single well with a Geological Chance of Success of 70%. Mean unrisked recoverable gas Prospective Resource for Borba of 141 BCF (100%). Low risk play"opening well to explore "Tcf"potential" geological trend. Sustained A$5/Mcf gas pricing on the US West Coast. Borba 1"7 well to spud this week.

The securities of Xstate Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of XST, pending the release of an announcement regarding a resource report on the Borba 1-7 well.

The suspension of trading in the securities of Xstate Resources Limited will be lifted from the commencement of trading on Friday, 29 January 2021, following the release by XST of an announcement regarding an acquisition.

The company releases a notice of Proposed issue of Securities - XST.

Acquiring a 10% working interest in 500 BOEPD (100%) from Reactivated Oil Fields in Alberta, Canada: Sweet Oil (86%) and Natural Gas (14%); Takes XST's share of recently acquired production in Alberta to ~200 BOPD before further well work commences; Purchase Price: CAD 250,000 cash (~A$255,000) and 10.9 million XST shares at an issue price of 0.64 cents each (A$70,000). Remaining Proved Reserves of 3.7 million BOE (1005) estimated by Independent Evaluator at 31 December 2019. Extensive Owned infrastructure. To be Operated by efficient, low-cost private Operator which provides local synergies. Acquisition fully funded from existing cash. Effective date of 18 January 2021 with closing date prior to 10 March 2021. Drilling of Borba natural gas prospect is Xstate's key priority with preparations being finalized.

The securities of Xstate Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of XST, pending the release of an announcement regarding a material acquisition.

The suspension of trading in the securities of XState Resources Limited will be lifted immediately, following the release by XST of an announcement regarding an acquisition and a capital raising.

The company releases a notice of Proposed issue of Securities - XST.

15 % working interest in 1,000 BOPD from Producing Oil Fields in Alberta, Canada with 150 BOPD net to Xstate; Purchase Price is CAD $300,000 cash (AUD $320,000) and 58,333,333 XST shares at an issue price of 0.3 cents per share (AUD $175,000); Remaining Proved (1P) Reserves (net of Royalties) is 4.4 million barrels (100%) with 0.66 million barrels net to Xstate (Estimated by Independent Auditor at 31 December 2019); Production is Cash Flow positive at current oil price; Potential to grow production and reduce OPEX through early operational activity; Acquisition fully funded through placement of 362 million XST shares at 0.25c per share; Purchase price metrics: ~US$2,400 per flowing BOPD ~US$0.55 per BO of Proved Reserves.

The securities of Xstate Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of XST, pending the release of an announcement regarding an acquisition and a capital raising.

The suspension of trading in the securities of Xstate Resources Limited will be lifted from the commencement of trading tomorrow, 22 February 2017 following the release of an announcement.

The company is in possession of international banking transfer confirmations of funds totaling approximately A$19.3m (US$14.5m) from the investors representing 77% of their total commitments under the Unconditional Binding Subscription Agreements as at February 20, 2017. The vendor has provided the company with additional time to acquire its working interest in the LA Basin assets.

The securities of Xstate Resources Limited will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement.

The suspension of trading in the securities of Xstate Resources Limited will be lifted immediately, following the release of the Company" activity update. Security Code: XST XSTO

The securities of Xstate Resources Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement. Security Code: XST XSTO

shares to be reinstated to quotation on 13 July

Xstate Resources Limited confirms that a 1:3 consolidation of capital has been carried out

provides drilling update for Lambouka well

options (XSTO) suspended from quotation

securities suspended from quotation re a change in activities

shares reinstated to quotation

the securities of Xstate Resources Limited (the "Company") will be suspended from quotation immediately, following the announcement of the Company's change of activites. Unless ASX decides otherwise, the Company's securities will be reinstated to quotation prior to the commencement of trading on Wednesday 5 May, 2010

shares reinstated to quotation

name changed from Oriental Crystal International Limited