KORAB RESOURCES LIMITED — AGM Information 2018

Dec 2, 2018

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K O RA B R E SO U RC E S LIMI T ED KORAB H OUSE www.korab.co m .au

30 No v ember 2018

RE S ULT S OF A G M

Issue d Capital

Issued Shares: 307 Mln Last Price: 2.7 cents Market Cap: $8.3 Mln

Listi n g Codes ASX: KOR BERLIN: C6S

D irectors

Andrej K. Karpinski Executive Chairman Director

Rodney H. Skeet Non-e x ecutive Director (Independent) Daniel A. Smetana Non-e x ecutive Director (Independent) Anthony G. Wills Non-e x ecutive Director (Independent)

Projects

Winchester (Rum Jungle, NT) Magn e sium carbonate (MgCO3)

Batchelor (Rum Jungle, NT) Au, Ag, Zn, P b , Ni, Cu, Co, Sc, Mn

Geolsec (Rum Jungle, NT) Phosphate rock (P2O5) (Sub-leased to third party) Mt. Elephant (Ashburton, WA) Au, Cu ( O ptioned for sale)

Korab Resources Lt d (“ Korab ”, o r “ Company ”) ( ASX: KOR ) wishes to ad v ise that an Annual Gener a l Meeti n g was held o n 30 Novem b er 2018 an d that all res o lutions put t o the meeting were passe d unani m ously on show of hands. Korab has received following pro x y votes regarding each resolution:

Re solution 1 -	Re solution 1 -
		Remuneratio n Report
F Chairm or (including an's discret ion)	Against		A bstain	T otal
6 8,006,653	214,574		-	68,2 21,227
99.69%	0.31%		0.00%	10 0.00%
Resolut ion 2 - Elect ion of Mr. An thony G. Will s
F Chairm or (including an's discret ion)	Against		A bstain	T otal
6 8,216,027	5,200		-	68,2 21,227
99.99%	0.01%		0.00%	10 0.00%

Proxy votes were received in r e spect of 22. 2 3% of issue d shares. No n e of the dir e ctors or their relate d entities vote d in respect o f any of the r e solutions pu t to the meeti n g (other tha n as appointe d proxie s ).

CONT A CT:

Andrej K. Karpinski, Executive C h airman - Aus t ralia: (08) 94 7 4 6166, Inter n ational: +61 8 9474 6166

ABOU T KORAB RESOURCES

Korab Resources Ltd is an intern a tional minin g and exploration company with operatio n s in Australi a and E u rope. Korab’ s projects in c lude Winche s ter magnesium carbonate deposit at B a tchelor in th e North e rn Territory o f Australia, G eolsec phos p hate rock d e posit also at Batchelor, a n d other gold, silver, copper, cobalt, nickel, an d polymetallic projects in A ustralia and o verseas. More informatio n about Korab’s projects can be s o urced from K orab’s websi t e at www.ko r ab.com.au. K orab’s share s are tr a ded on Aust r alian Securities Exchang e (ASX) and on the Berli n Stock Exch a nge (Berliner Börse) through Equiduct electronic trading plat f orm.

DISC L AIMER AND CAUTIONAR Y STATEME N T

Forwa r d-looking statements are s tatements that are not historical facts. W ords such a s “expect(s)”, “expe c ted”, “feel(s) ” , “believe(s)”, “will”, “may”, “anticipate ( s)”, “should” , “envisage(s ) ” and similar

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20 P R OWSE STRE E T, WEST PE R TH, WA, 600 5 , AUSTRALIA PO B OX 1958, WE S T PERTH, W A , 6872, AUST R ALIA TEL ( 08) 9474 6166 FAX (08) 93 2 2 6333 ACN 082 140 252 PAGE 1

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Issue d Capital

Issued Shares: 307 Mln Last Price: 2.7 cents Market Cap: $8.3 Mln

Listi n g Codes ASX: KOR BERLIN: C6S

D irectors Andrej K. Karpinski Executive Chairman Director

K O RA B R E SO U RC E S LIMI T ED KORAB H OUSE www.korab.co m .au

expre s sions are int e nded to iden t ify such forward-looking information. T h is informatio n includes, but is not limited to s tatements r e garding futu r e exploratio n results, re s ources, or r eserves, an d produ c tion. Anyone reading this report is cau t ioned not to place undue reliance on these forward - lookin g statements. All of such s t atements are subject to ri s ks and unce rt ainties (man y of which ar e difficul t to predict and which ge n erally are b e yond the co n trol of the C ompany) that could caus e actual results to dif f er materially from those e xpressed in, or implied o r projected b y , the forward - lookin g information and stateme n ts. These ri s ks and unc e rtainties incl u de, but are not limited to: those relating to th e interpretati o n of exploration results (including drill r esults), the geology, grad e and c o ntinuity of mi n eral deposit s and conclusions of econo m ic evaluatio n s; risks relating to possibl e variati o ns in reserv e s, grade, min i ng dilution, o r e loss, and r e covery rates; risks relating to changes i n projec t financial an d technical p a rameters; ri s ks relating t o the potenti a l for delays in exploratio n programs, project e v aluation/revi e w, completi o n of feasibilit y studies and project development; risk s relate d to commodity prices and f oreign exch a nge rate fluctuations; risks related to failure to secur e adequ a te financing on a timely b asis and on acceptable t e rms; risks re l ated to dela y s in obtainin g gover n mental, or ot h er permits a n d approvals; risks related to security of tenure; and o ther risks an d uncert a inties relate d to the Com p any’s prosp e cts, properti e s and busin e ss strategy. Any forward - lookin g information contained in this report is provided a s of the dat e of this rep o rt. Except a s requir e d under applicable listing r ules and se c urities laws, t he Company does not int e nd, and doe s not as s ume any obligation, to up d ate this forw a rd-looking inf o rmation.

Rodney H. Skeet Non-e x ecutive Director (Independent)

Daniel A. Smetana Non-e x ecutive Director (Independent)

Anthony G. Wills Non-e x ecutive Director (Independent)

Projects

Winchester (Rum Jungle, NT) Magn e sium carbonate (MgCO3)

Batchelor (Rum Jungle, NT) Au, Ag, Zn, P b , Ni, Cu, Co, Sc, Mn

Geolsec (Rum Jungle, NT) Phosphate rock (P2O5) (Sub-leased to third party)

Mt. Elephant (Ashburton, WA) Au, Cu ( O ptioned for sale)

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20 P R OWSE STRE E T, WEST PE R TH, WA, 600 5 , AUSTRALIA PO B OX 1958, WE S T PERTH, W A , 6872, AUST R ALIA TEL ( 08) 9474 6166 FAX (08) 93 2 2 6333 ACN 082 140 252 PAGE 2