ARIKA RESOURCES LIMITED — M&A Activity 2021

Oct 21, 2021

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ASX RELEASE: 22 October 2021

Confirmation of Dispatch of Bidder’s Statement

Metalicity Limited (ASX: MCT) (“ Metalicity ” or “ the Company ”) refers to the bidder’s statement dated 24 September 2021 (“ Bidder’s Statement ”) and offers in relation to its off-market takeover bid for all the fully paid ordinary shares in Nex Metals Explorations Limited (ACN 124 706 449) ( NME ).

The Company is pleased to advise that it completed dispatch of the Bidder’s Statement and offers in relation to its off-market takeover bid for all the fully paid ordinary shares in NME to NME shareholders (who held securities in the bid class as at 5.00pm (AWST) on 1 October 2021) on 14 October 2021, as required by item 6 of section 633(1) of the Corporations Act 2001 (Cth) ( Corporations Act ).

For the purposes of item 8 of section 633(1) of the Corporations Act, the Company confirms a notice stating that it has completed the dispatch of its Bidder’s Statement and offers in relation to its off-market takeover bid for all the fully paid ordinary shares in NME was provided to the Australian Securities Exchange ( ASX ) on 14 October 2021. The Company encloses a copy of the notice provided to ASX on 14 October 2021 for the purposes of item 8 of section 633(1) of the Corporations Act with this announcement.

Information line:

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Where can I find If you have any questions about this Bidder’s Statement
further
information? or the Offer, you should contact the MCT Offer
Information Line on 08 6500 0202 (within Australia) or
+61 8 6500 0202 (for international callers) or your legal,
financial or professional advisor.
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This Announcement is approved by the Board of Metalicity Limited.

ENQUIRIES

Justin Barton Media CEO Shane Murphy +61 8 6500 0202 FTI Consulting jbarton@metalicity.com.au 0420 45 291 / shane.murphy@fticonsulting.com

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

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

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14 October 2021

Your Ref: Our Ref: RCS:ADM:3515-06 Contact: Adrian Di Menna Senior Associate adimenna@steinpag.com.au

Ms Nicola Mullen ASX Limited Level 40, Central Park 152-158 St Georges Terrace PERTH WA 6000 By Email: nicola.mullen@asx.com.au

Dear Ms Mullen

OFF-MARKET TAKEOVER OFFERS BY METALICITY LIMITED – COMPLETION OF DISPATCH OF BIDDER’S STATEMENT

As you are aware, we act for Metalicity Limited (ACN 086 839 992) ( MCT ).

We are instructed that MCT has completed the dispatch of its bidder’s statement dated 24 September 2021 and offer in relation to its off-market takeover offer for all the fully paid ordinary shares and listed options in Nex Metals Explorations Limited (ACN 124 706 449), as required by item 6 of section 633(1) of the Corporations Act 2001 (Cth) ( Corporations Act ).

On behalf of MCT, we attach a notice in accordance with item 8 of section 633(1) of the Corporations Act.

Yours faithfully

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STEINEPREIS PAGANIN

3515-06/2797110v1

NOTICE THAT BIDDER’S STATEMENT AND OFFERS HAVE BEEN SENT

( CORPORATIONS ACT 2001 (CTH) SECTION 633(1), ITEMS 7, 8 AND 9) OFF-MARKET TAKEOVER OFFER BY METALICITY LIMITED

Metalicity Limited (ACN 086 839 992) ( MCT ) gives notice in accordance with items 7, 8 and 9 of section 633(1) of the Corporations Act 2001 (Cth) ( Corporations Act ) that it has sent, as required by item 6 of section 633(1) of the Corporations Act, its bidder’s statement dated 24 September 2021 and offers in relation to its off-market takeover bid for all the fully paid ordinary shares and listed options in Nex Metals Explorations Limited (ACN 124 706 449) ( NME ).

The offers are dated 14 October 2021.

Dated: 14 October 2021

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Signed for and on behalf of Metalicity Limited Justin Barton, Chief Executive Officer and Finance Director

3515-06/2797110v1