28 May 2024

Mining Minerals & Metals Plc

("MMM" or the "Company")

Confirmation of successful conditional fundraising of £5 million to acquire Georgina Energy Plc ("Georgina Energy")

Mining Minerals & Metals Plc, the investment vehicle established to undertake an acquisition in the natural resources sector, is pleased to announce a conditional fundraise to raise gross proceeds of £5m as part of the proposed acquisition of Georgina Energy ("Proposed Acquisition"), a company seeking to develop natural gas, helium, and hydrogen assets in Australia.

The fundraise and proposed acquisition are conditional, inter alia, on i) approval by the Financial Conduct Authority ("FCA") and publication by the Company of a prospectus ii) entering into definitive legal agreements for the fundraise and proposed acquisition; iii) approval by the Company's shareholders at a general meeting to be convened in due course; iv) obtaining all other necessary approvals (if and where required); and v) readmission of the Company's shares to the standard segment of the Official List of the FCA and to trading on the Main Market of the London Stock Exchange.

The Company and its advisers are finalising the prospectus and, and following FCA approval, anticipate being able to release an update regarding the timetable, including a date for the general meeting.

 Roy Pitchford, Non-Executive Chairman of MMM, commented:

"We are pleased to have completed the conditional fundraise and are now aiming to have the Company readmitted to trading as soon as practicable. We will update the shareholders on the timetable in due course."

Anthony Hamilton, Chief Executive Officer of Georgina Energy, commented:

"We are incredibly pleased to be able to announce the £5m conditional fundraise. Oak, as cornerstone investor, has agreed to participate in the fundraising to the amount of £250,000 representing 5% of the total expected proceeds. Also, the fundraise has attracted quality institutional interest. We remain on track to re-enter the Hussar EP513 well before the end of the year.

The acquisition has the potential to create a leading player in the energy market and, with the global shortage of helium, would provide an opportune time for investors to benefit from the favourable supply and demand dynamics. We are excited for the future as large-scale demand for hydrogen continues to grow."

END

For further information, please contact:

Mining, Minerals & Metals plc

Tavira Financial Ltd - Financial Adviser and Joint Broker

Oak Securities - Joint Broker

Camarco - Financial PR

Notes to Editors

Georgina Energy aims to become a leading player in the global energy market and is focused on establishing itself among the top producers of helium and hydrogen worldwide. With a strategic approach and leveraging the experienced management team's expertise, Georgina Energy aims to capitalize on opportunities in these critical energy sectors.

The projects benefit from established infrastructure and a reliable supply chain, offering significant resource potential through low-risk, cost-effective drilling projects.

Georgina Energy has two principal onshore interests held through its wholly owned Australian subsidiary, Westmarket O&G.  The first, the Hussar Prospect is located in the Officer Basin in Western Australia and Westmarket O&G holds a 100% working interest in the exploration permit.  The second, the Mount Winter Prospect, is located in the Amadeus Basin in the Northern Territory, which Georgina Energy has a right to earn an initial 75 per cent. interest in (with the potential to reach 90 per cent.).

In line with market demand trends, Georgina Energy is well-positioned to capitalize on the growing gap between supply and demand for hydrogen and helium with the resource potential of Mount Winter and Hussar projects for their potential accumulations.

For more information visit https://www.georginaenergy.com

Forward-looking statements

Certain statements contained in this announcement that are not historical fact may be "forward-looking" statements. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's control and all of which are based on the Company's current beliefs and expectations about future events. Forward-looking statements are typically identified by the use of forward-looking terminology such as "believes", "expects", "may", "will", "could", "should", "intends", "estimates", "plans", "assumes" or "anticipates" or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties. In addition, from time to time, the Company or its representatives have made or may make forward-looking statements orally or in writing. Furthermore, such forward-looking statements may be included in, but are not limited to, press releases or oral statements made by or with the approval of an authorised executive officer of the Company. These forward-looking statements, and other statements contained in this announcement regarding matters that are not historical facts, involve predictions. No assurance can be given that such future results will be achieved; actual events or results may differ materially as a result of risks and uncertainties facing the Company and its subsidiaries. Such risks and uncertainties could cause actual results to vary materially from the future results indicated, expressed or implied in such forward-looking statements.

The forward-looking statements reflect knowledge and information available at the date of preparation of this announcement. Except as required by applicable law and/or regulatory obligations, the Company does not undertake any obligation to update or change any forward-looking statements to reflect events occurring after the date of this announcement. Nothing in this announcement is intended as a profit forecast or estimate for any period and no statement in this announcement should be interpreted to mean that earnings or earnings per share or income, cash flow from operations or free cash flow for the Company for the current or future financial years would necessarily match or exceed the historical published earnings or earnings per share or income, cash flow from operations or free cash flow for the Company