LCL RESOURCES LIMITED — Capital/Financing Update 2016

Jun 21, 2016

Appendix 3B New issue announcement

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B New issue announcement, application for quotation of additional securities

and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003, 24/10/2005.

Name of entity

Metminco Limited

ABN

43 119 759 349

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

• 1 +Class of +securities issued or to Fully paid ordinary shares (Shares) be issued

• 2 Number of[+] securities issued or to be issued (if known) or maximum number which may be issued

350,000,000 Shares

• 3 Principal terms of the[+] securities (eg, if options, exercise price and 350,000,000 Shares issued at a deemed expiry date; if partly paid +securities, the amount issue price of A$0.005 per Share outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)

• See chapter 19 for defined terms.

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Appendix 3B New issue announcement

4 Do the[[+]] securities rank equally in all respects from the date of allotment with an existing[[+]] class of quoted +securities? securities? If the additional securities do not rank equally, please state:

4 Do the[[+]] securities rank equally in all Yes respects from the date of allotment with an existing[[+]] class of quoted +securities? securities? If the additional securities do not rank equally, please state:  the date from which they do  the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment  the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 5 Issue price or consideration $0.005 6 Purpose of the issue 350,000,000 Shares at a deemed issue price of (If issued as consideration for the A$0.005 per Share to RMB Holdings Australia acquisition of assets, clearly identify Limited in respect of part consideration for the those assets) acquisition of Minera Seafield SAS. 7 Dates of entering[+] securities into 20 June 2016 uncertificated holdings or despatch of certificates Number +Class 8 Number and[+] class of all[+] securities 3,879,053,547 Fully paid ordinary quoted on ASX ( including the Shares securities in clause 2 if applicable)

• See chapter 19 for defined terms.

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Number +Class 9 Number and +class of all 5,000,000 Options exercisable at A$0.0302 +securities not quoted on ASX expiring no later than 1 August 2017 ( including the securities in clause 2 if applicable) 10 Dividend policy (in the case of a The Company does not anticipate payment of trust, distribution policy) on the dividends in the near term. increased capital (interests)

Part 2 - Bonus issue or pro rata issue

11 Is security holder approval required? 12 Is the issue renounceable or non- renounceable? 13 Ratio in which the+securities will be offered 14 +Class of+securities to which the offer relates 15 +Record date to determine entitlements 16 Will holdings on different registers (or subregisters) be aggregated for calculating entitlements? 17 Policy for deciding entitlements in relation to fractions 18 Names of countries in which the entity has security holders who will not be sent new offer documents Note: Security holders must be told how their entitlements are to be dealt with. Cross reference: rule 7.7. 19 Closing date for receipt of acceptances or renunciations	n/a
	n/a
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	n/a
	n/a
	n/a
	n/a
	n/a

• See chapter 19 for defined terms.

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20 Names of any underwriters 21 Amount of any underwriting fee or commission 22 Names of any brokers to the issue 23 Fee or commission payable to the broker to the issue 24 Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of security holders 25 If the issue is contingent on security holders’ approval, the date of the meeting 26 Date entitlement and acceptance form and offer documents will be sent to persons entitled 27 If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders 28 Date rights trading will begin (if applicable) 29 Date rights trading will end (if applicable) 30 How do security holders sell their entitlements_in full_through a broker? 31 How do security holders sell_part_ of their entitlements through a broker and accept for the balance?	n/a
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• See chapter 19 for defined terms. Appendix 3B Page 4

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• 32 How do security holders dispose of their entitlements (except by sale through a broker)?

n/a

• 33 +Issue date

n/a

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

• 34 Type of securities ( tick one )

• (a)  Securities described in Part 1

• (b)[All other securities ]

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

• 35  If the[+] securities are[+] equity securities, the names of the 20 largest holders of the additional[+] securities, and the number and percentage of additional[+] securities held by those holders

Refer Appendix A ‘Shareholding Metminco Limited’

• 36  If the +securities setting out the number of holders in the categories[+] securities are[+] equity securities, a distribution schedule of the additional

1 - 1,000 911,905 1,001 - 5,000 5,153,633 5,001 - 10,000 6,991,115 10,001 - 100,000 77,753,747 100,001 and over 3,788,243,147

37 A copy of any trust deed for the additional[+] securities

Entities that have ticked box 34(b)

• See chapter 19 for defined terms.

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• 38 Number of securities for which[+] quotation is sought

• 39 Class of[+] securities for which quotation is sought

• 40 Do the[+] securities rank equally in all respects from the date of allotment with an existing[+] class of quoted[+] securities?

If the additional securities do not rank equally, please state:

• the date from which they do

• the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment

• the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

Reason for request for quotation now

• 41

Example: In the case of restricted securities, end of restriction period

(if issued upon conversion of another security, clearly identify that other security)

• 42 Number and[+] class of all[+] securities quoted on ASX ( including the securities in clause 38)

n/a
n/a
n/a
n/a
Number	+Class
n/a	n/a

• See chapter 19 for defined terms.

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Appendix 3B New issue announcement

Quotation agreement

• 1 +Quotation of our additional +securities is in ASX’s absolute discretion. ASX may quote the[+] securities on any conditions it decides.

• 2 We warrant the following to ASX.

• The issue of the[+] securities to be quoted complies with the law and is not for an illegal purpose.

• There is no reason why those[+] securities should not be granted +quotation.

• An offer of the[+] securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

• Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any[+] securities to be quoted and that no-one has any right to return any[+] securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the[+] securities be quoted.

• If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the[+] securities be quoted.

• 3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.

• 4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

Sign here: Date: 21 June 2016

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(Company Secretary) Print name: Philip W Killen

• See chapter 19 for defined terms.

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Appendix 3B New issue announcement

Appendix A: Shareholding Metminco Limited

1	COMPUTERSHARE CLEARING PTY LTD	COMPUTERSHARE CLEARING PTY LTD	COMPUTERSHARE CLEARING PTY LTD		915,863,061	23.61%
2	RMB AUSTRALIA HOLDINGS LIMITED				400,000,000	10.31%
3	HSBC CUSTODY NOMINEES LIMITED	(AUSTRALIA)			224,250,520	5.78%
4	CITICORP NOMINEES PTY LIMITED				118,213,841	3.05%
5	WILNIC PTY LTD				81,891,533	2.11%
6	BARRICK GOLD CORPORATION				75,000,000	1.93%
7	HSBC CUSTODY NOMINEES LIMITED	(AUSTRALIA)			74,376,761	1.92%
8	FINHILL CAPITAL PTY LTD				54,750,000	1.41%
9	HUMBER RESOURCES INC				53,750,000	1.39%
10	RSFT MANAGEMENT PTY LTD				41,500,000	1.07%
11	MINING INVESTMENT SERVICES	PTY	LTD		40,465,000	1.04%
12	ZTAK HOLDINGS PTY LTD				40,000,000	1.03%
13	TANGARRY PTY LTD				34,701,264	0.89%
14	MR COLIN SINCLAIR & MRS JAUREGUIBERRY	MARIA EDITH			31,540,623	0.81%
15	J P MORGAN NOMINEES AUSTRALIA		LIMITED		30,027,338	0.77%
16	MR STEPHEN CHIA-KUEI HSU JACQUELINE CHIU-YUEH HSU		&	MRS	30,000,000	0.77%
17	ALCHEMY SECURITIES PTY LTD				30,000,000	0.77%
18	WOOD PARK AUSTRALIA PTY LTD				29,509,147	0.76%
19	HAMMERFEST INVESTMENTS PTY LTD				29,229,109	0.75%
20	MR VASILIOS VOTSARIS				26,278,174	0.68%

• See chapter 19 for defined terms.

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.

21 June 2016

Company Announcements Office

Australian Securities Exchange

20 Bridge Street Sydney NSW 2000

Dear Sir/Madam

Issue of 350,000,000 Shares – Cleansing Notice

Notification Pursuant to Paragraph 708A(5)(e) of the Corporations Act 2001 (Act) .

On 20 June 2016, Metminco Limited (the Company) issued 350,000,000 fully paid ordinary shares (Shares) as announced to the market on 21 June 2016.

Accordingly, the Company gives notice under section 708A(5)(e) of the Corporations Act 2001 (Cth) (the "Corporations Act") that:

1. the abovementioned ordinary shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act;

2. as at the date of this notice the Company has complied with:

3. (a) the provisions of Chapter 2M Corporations Act as they apply to the Company; and

4. (b) section 674 Corporations Act; and

5. as at the date of this notice there is no "excluded information" (as defined in subsection 708A(7) of the Corporations Act) which is required to be disclosed by the Company.

Yours faithfully

Metminco Limited

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Philip Killen

Company Secretary

Level 6, 122 Walker Street, t (612) 9460 1856 Metminco Limited North Sydney NSW 2060 Australia f (612) 9460 1857 ACN 119 759 349