COBRE LIMITED — Capital/Financing Update 2023

Apr 3, 2023

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Cobre Limited A.C.N. 626 241 067 ( ASX: CBE Level 7/151 Macquarie Street SYDNEY NSW 2000 Tel: + 61 407 123 143 www.cobre.com.au

4 April 2023

ASX Limited

Company Announcements Platform

Receipt of Placement Funds from Metal Tiger

Cobre Limited (ASX: CBE) is pleased to advise that it has received cleared funds of A$1m from the Company’s largest shareholder, Metal Tiger plc ( Metal Tiger ) following the approval of shareholders pursuant to resolution 2 at the Company’s Extraordinary General Meeting on 24 March 2023, in respect of Metal Tiger’s participation in the second tranche of the Placement announced to the ASX on 19 December 2022 ( Placement ).

Metal Tiger’s participation in the Placement is on the same terms as those shareholders who participated in the first tranche and the Share Purchase Plan of A$0.15 per share. The shares will be issued tomorrow.

This announcement has been authorised by Martin Holland, Executive Chairman, on behalf of the Cobre Board.

Contact details regarding this announcement:

Justin Clyne Company Secretary +61 407 123 143 jclyne@clynecorporate.com.au