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DESERT METALS LIMITED Capital/Financing Update 2021

Oct 24, 2021

64776_rns_2021-10-24_cc22026b-152a-4a2c-a52b-169e22438207.pdf

Capital/Financing Update

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25 October 2021

Expiry of Escrow Restrictions

Desert Metals Limited (“Desert” or the “Company”) advises that 4,810,000 fully paid ordinary shares which are currently classified as ASX restricted securities will cease to be escrowed on the date set out below.

Security Description Number Escrow Expiry Date
Fully Paid Ordinary 4,810,000 2 November 2021

The Company will apply for the quotation of these shares within 5 business days after the end of the escrow period in accordance with Listing Rule 2.8.5.

This announcement has been authorised by the Board of Desert Metals Limited.

Johnathon Busing

Joint Company Secretary

Phone: +61 (8) 9758 1333

REGISTERED OFFICE: Level 2, 41 – 43 Ord Street, West Perth WA 6005 T: +61 (8) 9758 1333 E: [email protected] W: www.desertmetals.com.au