Opportunity to Acquire one of the Largest Zinc/Lead Deposits in the World Hosting a Resource of 170Mt @ 7.5% ZnEq

Metalicity Limited (ASX:MCT) (Metalicity or the Company) has appointed Argonaut PCF Limited (Argonaut) to assist with the potential divestment of its interest in the Admiral Bay Zinc Project (Admiral Bay or the Project). Any sale of Admiral Bay is proposed to be completed by the sale of shares in Kimberley Mining Pty Ltd (Kimberley Mining) a Canadian unlisted entity of which Metalicity holds a controlling 80.3% interest.

Non-Binding Indicative Offers are due by 5pm (AWST) Friday, 20 September 2024

Note: Zinc equivalence (ZnEq) in the MRE has been reported based on average LME prices for lead, zinc and silver in May 2016 and metallurgical recoveries derived from metallurgical testwork completed by CRAE and Kagara. ZnEq* is a formula based on LME metal prices in May 2016 and previous Metalicity metal recovery estimates as discussed above.