REG - Central Asia Metals - Executed Third Deed of Variation

Central Asia MetalsAnnouncement

30/06/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250630:nRSd9348Oa&default-theme=true

RNS Number : 9348O  Central Asia Metals PLC  30 June 2025

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AND THE INFORMATION CONTAINED IN
IT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN
WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN,
SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.
PLEASE SEE THE FURTHER INFORMATION SECTION WITHIN THIS ANNOUNCEMENT.

This announcement does not constitute an offer to buy or sell securities or a
solicitation of an offer to buy, sell or otherwise subscribe for securities in
any jurisdiction.

This announcement contains information that qualifies or may qualify as inside
information within the meaning of Article 7 of the UK Market Abuse Regulation
No 596/204 (as on-shored into UK domestic law pursuant to the European Union
(Withdrawal Act 2018) (as amended)). Upon the publication of this
announcement, via a regulatory information service, such inside information is
now considered to be in the public domain.

30 June 2025

Central Asia Metals PLC

(the 'Group', the 'Company' or 'CAML')

Executed Third Deed of Variation with New World Resources Ltd

Central Asia Metals Plc (AIM: CAML) confirms that, following its announcement
on 26 June 2025, it has executed the Third Deed of Variation with New World
Resources Limited (ASX: NWC) ('NWR') to vary the Scheme Implementation Deed
dated 21 May 2025 (and as revised on 20 June and 23 June 2025) to increase the
cash consideration payable by CAML under the Scheme to A$0.062 per NWR share,
valuing NWR at approximately A$230 million. The consideration payable under
CAML's proposed Takeover Offer is also A$0.062 per NWR share.

Important Notice

This announcement is for information purposes only. No statement in this
announcement is intended, or is to be construed, as a profit forecast, profit
estimate, or quantified financial benefits statement or estimate for any
period. The statements contained in this announcement are made as at the date
of this announcement, unless some other time is specified in relation to them,
and publication of this announcement shall not give rise to any implication
that there has been no change in the facts set forth in this announcement
since such date. The release, publication or distribution of this announcement
in, into or from jurisdictions other than the United Kingdom may be restricted
by law and/or regulation.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

Advisers and counsel

BMO Capital Markets is acting as lead financial adviser, Mayer Brown is acting
as UK and US legal adviser, and Clayton Utz is acting as Australian legal
adviser to CAML. Canaccord Genuity is also acting as financial adviser to
CAML.

About CAML

Central Asia Metals Plc is a UK incorporated base metals producer,
headquartered in London. The company has been admitted to trading on the
London Stock Exchange since its IPO in 2010. Today the Company has a market
capitalisation of approximately US$400 million and base metal operations in
Europe and Central Asia. The Board of Directors of CAML is composed of
UK-based senior level executives, bringing a mix of international mining
experience, capital markets experience and environmental, social and
governance experience. CAML is well supported by tier-one UK and US
institutional shareholders with the top three owners made up of Fidelity
International, JO Hambro and BlackRock (between them accounting for
approximately 24% of the Company's share register).

CAML owns 100% of the Sasa underground zinc-lead mine in North Macedonia,
Europe, and 100% of the Kounrad SX-EW copper project in central Kazakhstan.
CAML also owns an 80% interest in CAML Exploration, a subsidiary formed to
progress early-stage exploration opportunities in Kazakhstan, and a 28.4%
interest in Aberdeen Minerals Ltd, a privately-owned UK company focused on the
exploration and development of base metals opportunities in northeast
Scotland.

The person responsible for arranging the release of this announcement on
behalf of CAML is Richard Morgan, Investor Relations Manager.

For further information contact:

 Central Asia Metals                   Tel: +44 (0) 20 7898 9001
 Gavin Ferrar
 CEO
 Louise Wrathall
 CFO
 Richard Morgan                        richard.morgan@centralasiametals.com
 Investor Relations Manager

 BMO Capital Markets (Lead Financial Adviser to CAML and Joint Broker)       Tel: +44 (0) 20 7236 1010
 Thomas Rider
 Pascal Lussier Duquette
 Jonathan Reard

 Peel Hunt (Nominated Adviser and Joint Broker)                              Tel: +44 (0) 20 7418 8900
 Ross Allister
 David McKeown
 Emily Bhasin

 Canaccord Genuity (Financial Adviser to CAML)                               Tel: +61 2 9263 2700
 Christian Calabrese
 Raj Khatri

 BlytheRay (PR Advisers)                                                     Tel: +44 (0) 20 7138 3204
 Tim Blythe                                                                  centralasiametals@blytheray.com
 Megan Ray

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCUROVRVKUNORR