EMETALS LIMITED — Capital/Financing Update 2018

Nov 19, 2018

ASX: CIZ

==> picture [387 x 51] intentionally omitted <==

20 November 2018

The Manager Market Announcements Office Level 40, Central Park, 152-158 St George's Terrace PERTH WA 6000

EXTENSION OF SHORTFALL OFFER AND PUBLIC OFFER

As previously announced, Corizon Limited ( CIZ ) ( Corizon ) lodged a prospectus for an entitlement issue ( Entitlement Issue ) on 5 October 2018 ( Prospectus ), which closed on 31 October 2018. Corizon will raise a total of $3,150,000 (before costs and expenses of the offer) under the Prospectus. Net proceeds will be applied as described in the Prospectus lodged with ASX on 5 October 2018. Corizon wishes to provide an addendum to the timetable stipulated within the Prospectus. Corizon advises that it has extended the closing dates of the Shortfall Offer and the Public Offer from 20 November 2018 to 7 December 2018.

UPDATED INDICATIVE TIMETABLE

EventLodgement of Prospectus with ASICNotice sent to ShareholdersEx DateRecord Date for determining Shareholder entitlementsProspectus sent out to ShareholdersLast day to extend the Entitlement OfferClosing date of Entitlement Offer1Securities quoted on a deferred settlement basisNotify ASX of under-subscriptionsClosing date of the Public OfferClosing date of the Shortfall Offer2, 3Issue date of Shares subscribed for under the Entitlement Offer3Settlement of Acquisition3Despatch of holding statements

Date – To be confirmed5 October 20189 October 201810 October 201811 October 201816 October 201822 October 201831 October 20181 November 20185 November 20187 December 201814 December 2018

Re-quotation of securities on ASX (subject to CIZ re-complying with Chapters 1 and 2 ofthe ASX Listing Rules and subject to ASX agreeing to reinstate CIZ’s securities toquotation)

21 December 2018

1. The Directors may extend the Entitlement Offer Closing Date by giving at least 3 Business Days’ notice to ASX prior to the Entitlement Offer Closing Date.

2. The Company reserves the right to extend the Public Offer Closing Date or close the Public Offer early without prior notice.

3. The issue date of securities under the Entitlement Offer, Shortfall Offer and Public Offer, as well as under the Acquisition Agreement, are subject to and conditional upon receipt of conditional approval from ASX for the reinstatement of the Company to trading on the Official List. As such, those securities may not be issued on the date set out in the timetable above, which is consistent with the requirements under the ASX Listing Rules in respect of the Entitlement Offer.

ASX has approved an extension to the date by which the Company may issue securities under the Entitlement Offer (which would generally be required no longer than 5 Business Days following the closing date of the Entitlement Offer) until such time as the Company has received conditional approval to be reinstated to trading, and those conditions have been met to the Company’s satisfaction. The above stated date for settlement of the Acquisition and re-instatement to quotation is therefore only a good faith estimate by the Directors and may be extended. The Company reserves the right not to proceed with the Offers at any time before the issue of securities

For further information contact:

Sonu Cheema Company Secretary Corizon Limited reception@cicerocorporate.com.au

Suite 9, 330 Churchill Avenue, Subiaco WA 6008 Ι PO Box 866, Subiaco WA 6904 P + 61 8 6489 1600 Ι F + 61 8 6489 1601 Ι ABN 71 142 411 390