ARIKA RESOURCES LIMITED — Audit Report / Information 2021

Jun 3, 2021

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ASX RELEASE: 4 June 2021

Metalicity Successful in Court Hearing

Metalicity Limited (ASX:MCT) (“ Metalicity ” or “the Company ”) is pleased to advise that the Supreme Court of Western Australia has granted the orders sought by the Company in relation to the appointment of its Auditors Pitcher Partners.

The Company refers to its announcement dated 28 May 2021 and advises that late yesterday the application to the Supreme Court of Western Australia was heard to rectify the issues in relation to the resignation of Stantons International Audit and Consulting Pty Ltd (“ Stantons ”) as the Company’s auditor and the appointment of Pitcher Partners BA&A Pty Ltd (“ Pitchers ”) as the Company’s new auditor.

At the Company’s Annual General Meeting held on 26 November 2020 (“ 2020 AGM” ), the Company’s shareholders approved the appointment of Pitchers as the Company’s new auditor. The appointment of Pitchers was subject to Stantons obtaining the consent of the Australian Securities and Investments Commission (“ ASIC ”) to resign. The Company is aware that the consent of ASIC had not been obtained by Stantons prior to the 2020 AGM and that there were issues with Stantons’ procedural application to obtain the consent of ASIC for its resignation.

The Court made the orders sought by the Company, namely that pursuant to section 1322(4)(a) of the Corporations Act 2001 (Cth), that the resignation of Stantons and the appointment of Pitchers are not invalid and are effective from 26 November 2020, notwithstanding the delay in obtaining ASIC’s consent to Stantons’ resignation.

A copy of the orders accompanies this announcement. As set out in the orders, any person who claims that the making of the orders causes (or is likely to cause) them substantial injustice is entitled to apply to the Court to vary or discharge the orders within 28 days.

The Company has notified ASIC of the change in auditors and a copy of the Form 315 mailed to ASIC accompanies this announcement.

The Board confirms it does not consider this matter to be price sensitive due to its administrative nature.

Yours faithfully,

Nick Day

Company Secretary

This Announcement is approved by the Board of Metalicity Limited.

ENQUIRIES

Justin Barton CEO +61 8 6500 0202 jbarton@metalicity.com.au

Metalicity Limited ASX Code: MCT ABN: 92 086 839 992

www.metalicity.com.au Unit B2, 20 Tarlton Crescent Perth Airport 6105

ASIC registered agent number lodging party or agent name Nicholas Day as Company Secretary for Metalicity Limited office, level, building name or PO Box no.Unit B2 street number and name 20 Tarlton Crescent suburb / city Perth Airport state/territory WA postcode 6105 telephone ( ) +61 41177 8702 facsimile ( ) ASS. REQ-A DX number suburb / city CASH. PROC. REQ-P

Australian Securities & Investments Commission

form 315 Notification of Corporations Act 2001 resignation, removal or cessation 319(5)(a), 324(1) & (2), 327(4) & (15), of auditor 329(11)(c), 330

				resignation, rem of auditor	resignation, rem of auditor	resignation, rem of auditor	ov	al or ces	sa	ion			319(5)(a), 324(1) & (2), 327(4) & (15), 329(11)(c), 330
		Company name		MetalicityLimited
		A.C.N.		086 839 992
	Details of company (tick one box)			x	public company				proprietary company
	Details of resignation, removal or cessation			x	notice was received of the resignation of the				auditor/s
					date of receipt of notice of resignation (d/m/y)						/ / 26 11 2020
					the auditor/s was/were removed from ofce date of removal (d/m/y)						/ /
					the auditor is deceased
					date of death (d/m/y)						/ /
					the auditor has been disqualifed for reasons date of disqualifcation (d/m/y)				specifed		under section 324(1)		or (2) of the Corporations Act 2001 / /
					the company is being wound up (refer section 330 of the Corporations							Act 2001)
					date of resolution or date of		Court Order (d/m/y)				/ /
					the company has become a subsidiary of another company (refer subsection 327(15) of the Corporations Act 2001)
					retired at AGM held (d/m/y)						/ /
	Details of resigning auditors
	name (family	& given names)
	or if a frm, business name			Stantons International Audit and			Consulting Pty Ltd
	ofce, level, building name			Level 2
	street number & name			1 Walker Avenue
		suburb/city			Perth		state/territory		WA		postcode	6000
	name (family	& given names)
	or if a frm, business name
	ofce, level, building name
	street number & name
		suburb/city					state/territory				postcode
	Signature				I	certify that the information in this form is true and complete.
		print name			Nicholas Day		capacity			CompanySecretary
		sign here					date / 4 June			/ 2021