LCL RESOURCES LIMITED — Capital/Financing Update 2018

Mar 11, 2018

12 March 2018

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ASX ANNOUNCEMENT

Metminco Announcement re Rights Issue

Metminco Limited (ASX: MNC; AIM: MNC) (“Metminco” or the “Company”) announced on 2 March 2018 that is seeking to raise up to $5.3m through a renounceable Rights Issue and Placement.

Included in that announcement was an indicative timetable subject to ASX approval. That timetable assumed that the Prospectus would be lodged last Friday 9[th] March 2018 and the Record Date would be 15[th] March 2018.

It should be noted the Prospectus has not been lodged but it is expected to be lodged this week and therefore the timetable is to be revised and confirmed.

Metminco Limited ABN 43 119 759 349 Suite 401, Level 4, 6 Help Street, Chatswood, NSW, 2067 ASX Code: MNC.AX; AIM Code: MNC.L Tel: +61 (0) 2 9460 1856; Fax: +61 (0) 2 9460 1857 www.metminco.com.au

ASX ANNOUNCEMENT

METMINCO LIMITED

12 March 2018

For further information, please contact: METMINCO LIMITED Graeme Hogan

Office: +61 (0) 2 9460 1856

NOMINATED ADVISOR AND BROKER RFC Ambrian

Australia Andrew Thomson / Alena Broesder

Office: +61 (0) 2 9250 0000

United Kingdom Charlie Cryer

Office: +44 (0) 20 3440 6800

PUBLIC RELATIONS

Camarco

United Kingdom Gordon Poole / Nick Hennis

Office: + 44 (0) 20 3757 4997

Media + Capital Partners Australia Luke Forrestal

Office: +61 (0) 411 479 144

Forward Looking Statement

All statements other than statements of historical fact included in this announcement including, without limitation, statements regarding future plans and objectives of Metminco are forward-looking statements. When used in this announcement, forward-looking statements can be identified by words such as ‘’anticipate”, “believe”, “could”, “estimate”, “expect”, “future”, “intend”, “may”, “opportunity”, “plan”, “potential”, “project”, “seek”, “will” and other similar words that involve risks and uncertainties.

These statements are based on an assessment of present economic and operating conditions, and on a number of assumptions regarding future events and actions that, as at the date of this announcement, are expected to take place. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company, its directors and management of Metminco that could cause Metminco’s actual results to differ materially from the results expressed or anticipated in these statements.

The Company cannot and does not give any assurance that the results, performance or achievements expressed or implied by the forward-looking statements contained in this announcement will actually occur and investors are cautioned not to place undue reliance on these forward-looking statements. Metminco does not undertake to update or revise forward-looking statements, or to publish prospective financial information in the future, regardless of whether new information, future events or any other factors affect the information contained in this announcement, except where required by applicable law and stock exchange listing

Metminco Limited ABN 43 119 759 349 Suite 401, Level 4, 6 Help Street, Chatswood, NSW, 2067 ASX Code: MNC.AX; AIM Code: MNC.L Tel: +61 (0) 2 9460 1856; Fax: +61 (0) 2 9460 1857 www.metminco.com.au