REG - Central Asia Metals - Update on New World Resources acquisition

Peel HuntAnnouncement

21/07/2025 08:00

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RNS Number : 8305R  Central Asia Metals PLC  21 July 2025

21 July 2025

Central Asia Metals PLC

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

Update on New World Resources acquisition

On 17 July, CAML received a matching right notice from New World Resources
('NWR') informing the Company that Kinterra's increased offer of A$0.066 per
NWR share contained in its fourth supplementary bidder's statement ('Kinterra
Offer') may reasonably lead to a superior proposal under the terms of the Bid
Implementation Deed between CAML and NWR ('BID').

After careful consideration, the Board of CAML has decided not to submit a
counter proposal to match the Kinterra Offer, and has informed the Board of
NWR of this decision. Consequently, as noted in its announcement to the
Australian Securities Exchange earlier today, the Board of NWR has withdrawn
its previous recommendation of CAML's offer and now unanimously recommends
that, in the absence of a superior proposal, NWR shareholders accept the
Kinterra Offer before 5:00pm (AEST) on 24 July 2025.

Following the NWR Board's determination that the Kinterra Offer is superior to
the CAML offer, NWR and CAML now intend to terminate the BID in accordance
with its terms. This will result in a break fee being payable to CAML. CAML
will provide further updates as and when appropriate.

This announcement contains inside information for the purposes of Article 7 of
Regulation 596/2014.

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
 Peel Hunt (Nominated Adviser and Joint Broker)  Tel: +44 (0) 20 7418 8900
 Ross Allister
 David McKeown
 Emily Bhasin
 BMO Capital Markets (Joint Broker)              Tel: +44 (0) 20 7236 1010
 Thomas Rider
 Pascal Lussier Duquette
 BlytheRay (PR Advisers)                         Tel: +44 (0) 20 7138 3204
 Tim Blythe
 Megan Ray

Note to editors:

Central Asia Metals, an AIM-quoted UK company based in London, owns 100% of
the Kounrad SX-EW copper operation in central Kazakhstan and 100% of the Sasa
zinc-lead mine in North Macedonia. The Company 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.

For further information, please visit www.centralasiametals.com and follow
CAML on X at @CamlMetals and on LinkedIn at Central Asia Metals Plc

 

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