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.

17 July 2025

Central Asia Metals PLC

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

Increased CAML Cash Offer Price of A$0.065 per share for New World Resources Limited  

Central Asia Metals Plc (AIM: CAML) refers to the proposed acquisition of 100% of the issued share capital of New World Resources Limited (ASX: NWC) ('NWR') by CAML via a NWR board recommended off-market takeover bid under Chapter 6 of the Corporations Act 2001 (Cth), in accordance with  the terms of the Bid Implementation Deed between CAML and NWR dated 21 May 2025 (as amended and restated by a deed of amendment and restatement dated 6 July 2025) ('BID') ('CAML Offer').

CAML announces that on 16 July 2025 the BID was varied pursuant to a deed of variation (the 'Deed of Variation') under which CAML and NWR agreed to increase the Offer Price from A$0.062 to A$0.065 per NWR share, valuing NWR at approximately A$240 million. In addition, CAML has declared the CAML Offer unconditional.

The BID sets out the agreed terms on which CAML will make the CAML Offer and the obligations of the parties in relation to the CAML Offer. A copy of the Deed of Variation was attached in full to NWR's ASX announcement dated 17 July 2025 titled "New World Board Recommends Revised CAML Takeover Offer" and a copy is available from the ASX website at (www.asx.com.au).

CAML has commenced the despatch of its Bidder's Statement (the 'Bidder's Statement') as of the date of this announcement, with the CAML Offer now open for acceptance.

Details of the CAML Offer, including its terms, are set out in this Bidder's Statement, which NWR shareholders should read in its entirety. The CAML Offer is open for acceptance until 7:00pm (Sydney time) on 18 August 2025, unless extended. A copy of the Bidder's Statement is available from NWR's announcements page on the ASX website at (www.asx.com.au).

CAML notes that, subsequent to the announcement in Australia of the increased CAML Offer price to A$0.065 per NWR share, Kinterra has increased its offer price to A$0.066 per NWR share. CAML will provide further updates as appropriate in due course.

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$347 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: