COBRE LIMITED — Capital/Financing Update 2021

Sep 26, 2021

Cobre Limited A.C.N. 626 241 067 ( ASX: CBE Level 7/151 Macquarie Street SYDNEY NSW 2000 Tel: + 61 2 9048 8856 www.cobre.com.au

27 September 2021 ASX Limited Company Announcements Platform

Completion of Investment in Metal Tiger plc

Cobre Limited ( ASX: CBE, Cobre or Company ) refers to its announcement of 27 July 2021 and is pleased to advise that the Company’s conditional investment in Metal Tiger plc ( MTR ) was approved by MTR shareholders at MTR’s Extraordinary General Meeting held on 16 September 2021.

Cobre has now paid the subscription amount of AUD$1.0m and has been issued a total of 2,702,703 new CHESS Depositary Interest ( CDI ) representing a holding of approximately 1.6% in MTR.

This announcement has been approved for release to ASX by the Board of Directors of the Company.

For more information about this announcement, please contact: Martin C Holland

Executive Chairman and Managing Director + 61 2 9048 8856

holland@cobre.com.au