MEEKA METALS LIMITED — AGM Information 2017

Oct 23, 2017

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ABN 23 080 939 135

NOTICE OF ANNUAL GENERAL MEETING

AND

EXPLANATORY STATEMENT TO SHAREHOLDERS

FOR AN ANNUAL GENERAL MEETING OF SHAREHOLDERS TO BE HELD ON

Friday, 24 November 2017 AT Ground Floor, 16 Ord Street, West Perth, Western Australia AT 9:00AM (AWST)

IMPORTANT INFORMATION

This is an important document that should be read in its entirety.

If you do not understand it you should consult your professional advisers without delay.

To vote in person, attend the Annual General Meeting at the time, date and place set out above.

You are encouraged to attend the meeting, but if you cannot, you are requested to complete and return the enclosed Proxy Form to:-

PO Box 902, West Perth, Western Australia, 6872,

or by facsimile on facsimile number +618 9482 0505, no later than 9:00 am WST on Wednesday, 22 November 2017.

LATITUDE CONSOLIDATED LIMITED ABN 23 080 939 135

NOTICE OF MEETING

NOTICE IS HEREBY GIVEN that an annual general meeting of the members of Latitude Consolidated Limited ( “Latitude” or “the Company” ) will be held on the date and at the location and time specified below:

DATE: Friday, 24 November 2017 LOCATION: 16 Ord Street, West Perth, Western Australia TIME: 9:00AM (AWST)

The Explanatory Statement to this Notice of Meeting provides additional information on matters to be considered at the Annual General Meeting. The Explanatory Statement and the Proxy Form are part of this Notice of Meeting.

The Directors have determined pursuant to Regulation 7.11.37 of the Corporations Regulations 2001 (Cth) that the persons eligible to vote at the Annual General Meeting are those who are registered Shareholders of the Company at 9:00AM (AWST) Wednesday, 22 November 2017.

BUSINESS

The business to be transacted at this Annual General Meeting is to receive and consider the financial statements and reports for the year ended 30 June 2017 and resolve upon Resolutions 1 to 4 as set out below.

Financial Statements and Reports

To receive and consider the annual financial report of the Company for the financial year ended 30 June 2017 together with the Declaration of the Directors, the Directors’ Report, the Remuneration Report and the Independent Auditor’s report.

RESOLUTION 1 ~ ADOPTION OF REMUNERATION REPORT (NON-BINDING)

To consider and, if thought fit, to pass, with or without amendment, the following resolution as a non-binding resolution :

“That, for the purposes of Section 250R(2) of the Corporations Act and for all other purposes, approval is given for the adoption of the Remuneration Report as set out in the director’s report in the annual report for the financial year ended 30 June 2017”.

Note: The vote on this Resolution is advisory only and does not bind the Directors or the Company.

Voting prohibition : A vote on this Resolution must not be cast (in any capacity) by or on behalf of any of the following persons:

• (a) a member of the Key Management Personnel, details of whose remuneration are included in the Remuneration Report; or

• (b) a Closely Related Party of such a member.

However, a person ( the voter ) described above may vote on this Resolution as a proxy if the vote is not cast on behalf of a person described above and either:

• (a) the person does so as a proxy appointed by writing that specifies how the proxy is to vote on the Resolution; or

• (b) the voter is the Chair and the appointment of the Chair as proxy:

• (i) does not specify the way the proxy is to vote on this Resolution; and

• (ii) expressly authorises the Chair to exercise the proxy even though this Resolution is connected directly or indirectly with the remuneration of a member of the Key Management Personnel.

LATITUDE CONSOLIDATED LIMITED ABN 23 080 939 135

NOTICE OF MEETING

RESOLUTION 2 ~ APPROVAL FOR ADDITIONAL 10% CAPACITY

To consider and if thought fit, to pass, with or without amendment, the following resolution as a special resolution :

“That, for the purpose of ASX Listing Rule 7.1A and for all other purposes, approval is given for the issue of Equity Securities totaling up to 10% of the issued capital of the Company at the time of issue, calculated in accordance with the formula prescribed in Listing Rule 7.1A.2 and on the terms and conditions set out in the Explanatory Statement.”

Voting Exclusion : The Company will disregard any votes cast on this Resolution by any person who may participate in the issue of Equity Securities under this Resolution and a person who might obtain a benefit, except a benefit solely in the capacity of a holder of ordinary securities, if the Resolution is passed and any associates of those persons. However, the Company will not disregard a vote if it is cast by a person as a proxy for a person who is entitled to vote, in accordance with the directions on the Proxy Form, or, it is cast by the person chairing the meeting as proxy for a person who is entitled to vote, in accordance with a direction on the Proxy Form to vote as the proxy decides.

RESOLUTION 3 ~ RE-ELECTION OF MR TIMOTHY MOORE AS DIRECTOR

To consider and if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution :

“That, for the purpose of clause 14.2 of the Constitution, ASX Listing Rule 14.4 and for all other purposes, Mr Timothy Moore, a Director, retires by rotation, and being eligible, is reelected as a Director.”

RESOLUTION 4 ~ ELECTION OF MR DAVID NICHOLAS CASTLEDEN AS DIRECTOR

To consider and if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution :

“That, for the purpose of clause 14.4 of the Constitution, ASX Listing Rule 14.4 and for all other purposes, Mr David Nicholas Castleden, a Director, having been appointed as an additional Director on 21 June 2017, retires and, being eligible, is elected as a Director.”

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JOEL IVES COMPANY SECRETARY

24 OCTOBER 2017 BY ORDER OF THE BOARD LATITUDE CONSOLIDATED LIMITED

LATITUDE CONSOLIDATED LIMITED ABN 23 080 939 135

EXPLANATORY MEMORANDUM TO SHAREHOLDERS

This Explanatory Statement has been prepared for the information of the Shareholders in connection with the business to be conducted at the Annual General Meeting to be held at 9:00AM (AWST) at Ground Floor, 16 Ord Street, West Perth, Western Australia on Friday, 24 November 2017 AT Ground Floor. This Explanatory Statement is to assist Shareholders in understanding the background to and the legal and other implications of the Notice and the reasons for the Resolutions proposed.

1. FINANCIAL STATEMENTS AND REPORTS

In accordance with the Constitution, the business of the Annual General Meeting will include receipt and consideration of the annual financial report of the Company for the financial year ended 30 June 2017 together with the declaration of the directors, the directors’ report, the Remuneration Report and the auditor’s report.

In accordance with amendments to the Corporations Act the Company is no longer required to provide a hard copy of the Company’s annual financial report to Shareholders unless a Shareholder has specifically elected to receive a printed copy. These amendments may result in reducing the Company’s printing costs.

Whilst the Company will not provide a hard copy of the Company’s annual financial report unless specifically requested to do so, Shareholders may view the Company annual financial report on its website at http://www.latitudeconsolidated.com.au/.

2. RESOLUTION 1 ~ ADOPTION OF REMUNERATION REPORT (NON-BINDING)

General

In accordance with Section 250R(2) of the Corporations Act, the Company must put a resolution that the Remuneration Report as set out in the Directors’ Report of the annual financial report of the Company for the financial year ending 2017 be adopted to vote at the Annual General Meeting. The vote on Resolution 1 is advisory only and does not bind the Directors or the Company.

The chair of the meeting must allow a reasonable opportunity for discussion of the Remuneration Report at the Annual General Meeting.

In accordance with the Corporations Act, if at least 25% of the votes cast on the Resolution are voted against adoption of the Remuneration Report in two consecutive annual general meetings, the Company will be required to put to Shareholders a resolution proposing the calling of an extraordinary general meeting to consider the appointment of directors of the Company ( Spill Resolution ) at the second annual general meeting, if at the first of those annual general meetings a Spill Resolution was not put to a vote.

If more than 50% of Shareholders vote in favour of the Spill Resolution, the Company must convene the extraordinary general meeting ( Spill Meeting ) within 90 days of the second annual general meeting.

All of the Directors who were in office when the Directors' report (as included in the Company’s annual financial report for the financial year ended immediately before the second annual general meeting) was approved, other than the managing Director of the Company, will cease to hold office immediately before the end of the Spill Meeting but may stand for re-election at the Spill Meeting.

Following the Spill Meeting those persons whose election or re-election as Directors is approved will be the Directors of the Company.

At the Company’s previous annual general meeting the votes cast against the remuneration report considered at that annual general meeting were less than 25%. Accordingly, the Spill Resolution is not relevant for this annual general meeting. The Remuneration Report sets out the Company’s remuneration arrangements for the Directors and senior

LATITUDE CONSOLIDATED LIMITED ABN 23 080 939 135

EXPLANATORY MEMORANDUM TO SHAREHOLDERS

management of the Company. The Remuneration Report is part of the Directors’ report contained in the annual financial report of the Company for the financial year ending 2017.

Proxy restrictions

Shareholders appointing a proxy for this Resolution should note the following:

Proxy	Directions given	No directions given
Key Management Personnel1	Vote as directed	Unable to vote3
Chair2	Vote as directed	Able to vote at discretion of Proxy4
Other	Vote as directed	Able to vote at discretion of Proxy

Notes:

1 Refers to Key Management Personnel (other than the Chair) whose remuneration details are included in the Remuneration Report, or a Closely Related Party of such a member.

2 Refers to the Chair (where he/she is also a member of the Key Management Personnel whose remuneration details are included in the Remuneration Report), or a Closely Related Party of such a member).

3 Undirected proxies granted to these persons will not be voted and will not be counted in calculating the required majority if a poll is called on this Resolution.

4 The Proxy Form notes it is the Chair’s intention to vote all undirected proxies in favour of all Resolutions.

3. RESOLUTION 2 ~ APPROVAL FOR ADDITIONAL 10% CAPACITY

3.1 General

ASX Listing Rule 7.1A provides that an Eligible Entity may seek Shareholder approval at its annual general meeting to allow it to issue Equity Securities up to 10% of its issued capital over a period up to 12 months after the annual general meeting ( 10% Placement Capacity ).

The Company is an Eligible Entity.

If Shareholders approve Resolution 2, the number of Equity Securities the Eligible Entity may issue under the 10% Placement Capacity will be determined in accordance with the formula prescribed in ASX Listing Rule 7.1A.2 (as set out below).

The effect of Resolution 2 will be to allow the Directors to issue Equity Securities up to 10% of the Company’s fully paid ordinary securities on issue under the 10% Placement Capacity during the period up to 12 months after the Meeting, without subsequent Shareholder approval and without using the Company’s 15% annual placement capacity granted under Listing Rule 7.1.

Resolution 2 is a special Resolution. Accordingly, at least 75% of votes cast by Shareholders present and eligible to vote at the Meeting must be in favour of Resolution 2 for it to be passed.

LATITUDE CONSOLIDATED LIMITED ABN 23 080 939 135

EXPLANATORY MEMORANDUM TO SHAREHOLDERS

3.2 ASX Listing Rule 7.1A

ASX Listing Rule 7.1A enables an Eligible Entity to seek shareholder approval at its annual general meeting to issue Equity Securities in addition to those under the Eligible Entity’s 15% annual placement capacity.

An Eligible Entity is one that, as at the date of the relevant annual general meeting:

• (a) is not included in the S&P/ASX 300 Index; and

• (b) has a maximum market capitalisation (excluding restricted securities and securities quoted on a deferred settlement basis) of $300,000,000.

As at the date of this Notice, the Company is an Eligible Entity as it is not included in the S&P/ASX 300 Index and has a current market capitalisation of $1,705,327 (based on the number of Shares on issue and the closing price of Shares on the ASX on 4 October 2017).

Any Equity Securities issued must be in the same class as an existing class of quoted Equity Securities. The Company currently has 1 class of quoted Equity Securities on issue, being the Shares (ASX Code: LCD).

The exact number of Equity Securities that the Company may issue under an approval under Listing Rule 7.1A will be calculated according to the following formula:

(A x D) – E

Where:

• A is the number of Shares on issue 12 months before the date of issue or agreement:

• (i) plus the number of Shares issued in the previous 12 months under an exception in ASX Listing Rule 7.2;

• (ii) plus the number of partly paid shares that became fully paid in the previous 12 months;

• (iii) plus the number of Shares issued in the previous 12 months with approval of holders of Shares under ASX Listing Rules 7.1 and 7.4; and

• (iv) less the number of Shares cancelled in the previous 12 months.

• D is 10%.

• E is the number of Equity Securities issued or agreed to be issued under ASX Listing Rule 7.1A.2 in the 12 months before the date of issue or agreement to issue that are not issued with the approval of holders of Ordinary Securities under ASX Listing Rule 7.1 or 7.4.

3.3 Technical information required by ASX Listing Rule 7.1A

Pursuant to and in accordance with ASX Listing Rule 7.3A, the information below is provided in relation to this Resolution 2:

(a) Minimum Price

The minimum price at which the Equity Securities may be issued is 75% of the volume weighted average price of Equity Securities in that class, calculated over the 15 ASX trading days on which trades in that class were recorded immediately before:

LATITUDE CONSOLIDATED LIMITED ABN 23 080 939 135

EXPLANATORY MEMORANDUM TO SHAREHOLDERS

• (i) the date on which the price at which the Equity Securities are to be issued is agreed; or

• (ii) if the Equity Securities are not issued within 5 ASX trading days of the date in Section 3.3(a)(i), the date on which the Equity Securities are issued.

(b) Date of Issue

The Equity Securities may be issued under the 10% Placement Capacity commencing on the date of the Meeting and expiring on the first to occur of the following:

• (i) 12 months after the date of this Meeting; and

• (ii) the date of approval by Shareholders of any transaction under ASX Listing Rules 11.1.2 (a significant change to the nature or scale of the Company’s activities) or 11.2 (disposal of the Company’s main undertaking) (after which date, an approval under Listing Rule 7.1A ceases to be valid)

( 10% Placement Capacity Period ).

(c) Risk of voting dilution

Any issue of Equity Securities under the 10% Placement Capacity will dilute the interests of Shareholders who do not receive any Shares under the issue.

If Resolution 2 is approved by Shareholders and the Company issues the maximum number of Equity Securities available under the 10% Placement Capacity, the economic and voting dilution of existing Shares would be as shown in the table below.

The table below shows the economic and dilution effect that an issue of the 10% Placement Capacity will have on existing Shareholders, calculated in accordance with the formula outlined in ASX Listing Rule 7.1A(2):

• (i) on the basis of the current number of Shares on issue as at the date of this Notice;

• (ii) two examples where the number of Shares on issue has increased by 50% and 100%. The number of ordinary securities on issue may increase as a result of issues of ordinary securities that do not require Shareholder approval (for example, a pro rata entitlements issue or scrip issued under a takeover offer) or future specific placements under Listing Rules 7.1 that are approved at a future Shareholders’ meeting; and

• (iii) two examples of where the issue price of ordinary securities has decreased by 50% and increased by 100% as against the current market price.

LATITUDE CONSOLIDATED LIMITED ABN 23 080 939 135

EXPLANATORY MEMORANDUM TO SHAREHOLDERS

		Dilution	Dilution
Number of shares on issue	Issue Price	$0.0065	$0.013	$0.026
	(per share)	50% decrease in Issue Price	Issue Price	100% increase in Issue Price
	Shares issued	13,117,900	13,117,900	13,117,900
**131,179,002 **
(current)	Funds raised	$85,266.35	$170,532.70	$341,065.41
50% increase in current	Shares issued	19,676,850	19,676,850	19,676,850
196,768,503
	Funds raised	$127,899.53	$255,799.05	$511,598.11
100% increase in current	Shares issued	26,235,800	26,235,800	26,235,800
262,358,004
	Funds raised	$170,532.70	$341,065.41	$682,130.81

*The number of Shares on issue could increase if the Directors issue Shares that do not require Shareholder approval (such as under a pro-rata rights issue or scrip issued under a takeover offer) or that are issued with Shareholder approval under Listing Rule 7.1.

The table above uses the following assumptions:

1. There are currently 131,179,002 Shares on issue comprising 100% of the existing Shares at the date of this Notice of Meeting.

2. The issue price set out above is the closing price of the Shares on the ASX on 4 October 2017.

3. The Company issues the maximum possible number of Equity Securities under the 10% Placement Capacity.

4. The Company has not issued any Equity Securities in the 12 months prior to the Meeting that were not issued under an exception in ASX Listing Rule 7.2 or with approval under ASX Listing Rule 7.1.

5. The issue of Equity Securities under the 10% Placement Capacity consists only of Shares. It is assumed that no Options are exercised into Shares before the date of issue of the Equity Securities.

6. The calculations above do not show the dilution that any one particular Shareholder will be subject to. All Shareholders should consider the dilution caused to their own shareholding depending on their specific circumstances.

7. This table does not set out any dilution pursuant to approvals under ASX Listing Rule 7.1.

8. The 10% voting dilution reflects the aggregate percentage dilution against the issued share capital at the time of issue. This is why the voting dilution is shown in each example as 10%.

9. The table does not show an example of dilution that may be caused to a particular Shareholder by reason of placements under the 10% Placement Capacity, based on that Shareholder’s holding at the date of the Meeting.

LATITUDE CONSOLIDATED LIMITED ABN 23 080 939 135

EXPLANATORY MEMORANDUM TO SHAREHOLDERS

Shareholders should note that there is a risk that:

• (i) the market price for the Company’s Shares may be significantly lower on the issue date than on the date of the Meeting; and

• (ii) the Shares may be issued at a price that is at a discount to the market price for those Shares on the date of issue.

(d) Purpose of Issue under 10% Placement Capacity

The Company may issue Equity Securities under the 10% Placement Capacity for the following purposes:

• (i) as cash consideration in which case the Company intends to use any funds raised towards the continued development of the Company’s current resources projects, as well as for the acquisition of new assets and investments; or

• (ii) as non-cash consideration for the acquisition of new resources assets and investments, in such circumstances the Company will provide a valuation of the non-cash consideration as required by listing Rule 7.1A.3.

The Company will comply with the disclosure obligations under Listing Rules 7.1A(4) and 3.10.5A upon issue of any Equity Securities.

(e) Allocation under the 10% Placement Capacity

The Company’s allocation policy for the issue of Equity Securities under the 10% Placement Capacity will be dependent on the prevailing market conditions at the time of any proposed issue. The recipients of the Equity Securities to be issued under the 10% Placement Capacity have not yet been determined. However, the recipients of Equity Securities could consist of current Shareholders or new investors (or both), none of whom will be related parties of the Company.

The Company will determine the recipients at the time of the issue under the 10% Placement Capacity, having regard to the following factors:

• (i) the purpose of the issue;

• (ii) alternative methods for raising funds available to the Company at that time, including, but not limited to, an entitlement issue or other offer where existing Shareholders may participate;

• (iii) the effect of the issue of the Equity Securities on the control of the Company;

• (iv) the circumstances of the Company, including, but not limited to, the financial position and solvency of the Company;

• (v) prevailing market conditions; and

• (vi) advice from corporate, financial and broking advisers (if applicable).

Further, if the Company is successful in acquiring new resources, assets or investments, it is likely that the recipients under the 10% Placement Capacity will be the vendors of the new resources assets or investments.

LATITUDE CONSOLIDATED LIMITED ABN 23 080 939 135

EXPLANATORY MEMORANDUM TO SHAREHOLDERS

(f) Previous Approval under ASX Listing Rule 7.1A

As the Company previously received Shareholder approval for a 10% Placement Facility, being effected at the previous Annual General Meeting of the Company held on 29 November 2016, it is required under Listing Rule 7.3A.6 that the following information be provided:

• (i) During the 12 months preceding the date of this Meeting, being 29 November 2016 to 24 November 2017 ( Preceding 12 Month Period ), the Company has issued the Equity Securities set out in the table below. The Company has issued the following Equity Securities pursuant to the previous approval:

• A. On 3 March 2017 the Company issued 10,494,320 Shares under a Top up Placement issue (which was later ratified at the General Meeting held 28 April 2017) at an issue price of $0.027 to raise $283,346; and

• (ii) Those Equity Securities issued during the Preceding 12 Month Period represent, on a fully diluted basis, 62.73% of the total number of Equity Securities that were issued on the first day of the Preceding 12 Month Period, being 93,499,351 (on a fully diluted basis).

Number of Equity Securities	a) 12,314,815 b) 13,920,985	19,166,707	a) 1,666,666 b) 3,333,334
Non cash consideration	a) Nil b) Nil	Nil	a) $7,833.3310 b) $15,666.6610
	To advance the Mt Ida South and Quinns Gold Projects and general working capital	To advance the Mt Ida South and Quinns Gold Projects and general working capital	N/A
Amount of cash consideration spent, what it was spent on and proposed application of balance of funds
Total cash consideration	a) $332,500.01 b) $375,866.60	$517,501.10	Nil
Discount to market price	Effective discount of ~7% to the ASX closing price on 3 March 2017 - $0.029	Effective discount of 10% to the ASX closing price on 28 February 2017 - $0.03	N/A
Issue price	a) $0.027 b) $0.027	$0.027	Nil
Allottees	a) Underwriters to the Share Purchase Plan which completed on 28 February 2017 b) Participants of the Top Up placement	Participants of the Share Purchase Plan dated 23 January 2017	Issued to directors of the company as a performance incentive
Class	a) Shares3 b) Shares3	Shares3	a) Performance Rights8 b) Performance Rights9
Date	3 March 2017	28 February 2017	12 December 2016

a) 2,000,000 b) 2,000,000 c) 2,000,000 d) 2,000,000 e) 250,000	Notes 1. Market Price means the closing price on ASX (excluding special crossings, overnight sales and exchange traded option exercises). For the purposes of this table the discount is calculated on the Market Price on the last trading day on which as sale was recorded prior to the date of issue of the relevant Equity Securities. 2. This is a statement of current intentions as at the date of this Notice. As with any budget, intervening events and new circumstances have the potential to affect the manner in which the funds are ultimately applied. The Board reserves the right to alter the way the funds are applied on this basis. 3. Fully paid ordinary shares in the capital of the Company, ASX Code: LCD (terms are set out in the Constitution). 4. Unlisted options, exercisable at 8 cents each on or before 30 November 2018 5. Unlisted options, exercisable at 15 cents each on or before 30 November 2019 6. Unlisted options, exercisable at 25 cents each on or before 30 November 2020 7. Unlisted options, exercisable at 8 cents each on or before 30 November 2019 8. Class A performance rights, converting 1 to 1 to fully paid ordinary shares upon the delineation of an additional 100,000 ounce JORC resource by the Company at a minimum grade cut-off of 1.0 g/t Au, expiring 12 December 2019 9. Class B Performance Rights, converting 1 to 1 to fully paid ordinary shares upon the Company completing its first commercial “gold pour” from mining production, expiring 12 December 2021
a) $94,000.0010 b) $67,168.4310 c) $72,596.3110 d) $77,427.3810 e) $9,723.2010
N/A
Nil
N/A
Nil
a-d) Issued as part consideration for the acquisition of the Mt Ida South project e) Issued to a contractor of the company, in accordance with the engagement letter.
a) Shares3 b) Options4 c) Options5 d) Options6 e) Options7
5 December 2016

LATITUDE CONSOLIDATED LIMITED ABN 23 080 939 135

EXPLANATORY MEMORANDUM TO SHAREHOLDERS

3.4 Compliance with ASX Listing Rules 7.1A.4 and 3.10.5A

When the Company issues Equity Securities pursuant to the 10% Placement Capacity, it must give to ASX:

• (a) a list of the recipients of the Equity Securities and the number of Equity Securities issued to each (not for release to the market), in accordance with Listing Rule 7.1A.4; and

• (b) the information required by Listing Rule 3.10.5A for release to the market.

Voting Exclusion:

A voting exclusion statement is included in this Notice. As at the date of this Notice, the Company has not invited any existing Shareholder to participate in an issue of Equity Securities under ASX Listing Rule 7.1A. Therefore, no existing Shareholders will be excluded from voting on Resolution 2.

4. RESOLUTION 3 ~ RE-ELECTION OF TIMOTHY MOORE AS A DIRECTOR

ASX Listing Rule 14.4 provides that a director of an entity must not hold office (without reelection) past the third AGM following the director’s appointment or 3 years, whichever is the longer.

Clause 14.2 of the Constitution of the Company requires that at the Company's annual general meeting in every year, one-third of the Directors for the time being, or, if their number is not a multiple of 3, then the number nearest one-third, shall retire from office, provided always that no Director (except a Managing Director) shall hold office for a period in excess of 3 years, or until the third annual general meeting following his or her appointment, whichever is the longer, without submitting himself or herself for re-election.

Accordingly, Mr Timothy Moore retires by rotation and seeks re-election.

Timothy Moore (Non-Executive Chairman & Director)

Tim has some 20 years practical experience in the international marketplace acquiring and integrating small to medium size businesses across a number of industries including media, manufacturing and resources.

He is the founder of the Photolibrary group of companies, a niche digital media company that services the advertising, publishing and web industries worldwide with licensed images and film. It was recently sold to the NY based Getty Group.

Tim holds a Bachelor of Business from the University of Technology Sydney, he has several other Board positions with private companies and Government entities and is an associate at Federation Capital corporate advisors.

If elected the board does not consider Timothy Moore will be an independent director.

The Board supports the re-election of Timothy Moore and recommends that Shareholders vote in favour of Resolution 3.

5. RESOLUTION 4 ~ ELECTION OF DAVID NICHOLAS CASTLEDEN AS A DIRECTOR

The Constitution allows the Directors to appoint at any time a person to be a Director either to fill a casual vacancy or as an addition to the existing Directors, but only where the total number of Directors does not at any time exceed the maximum number specified by the Constitution.

LATITUDE CONSOLIDATED LIMITED ABN 23 080 939 135

EXPLANATORY MEMORANDUM TO SHAREHOLDERS

Pursuant to the Constitution and ASX Listing Rule 14.4, any Director so appointed holds office only until the next following annual general meeting and is then eligible for election by Shareholders but shall not be taken into account in determining the Directors who are to retire by rotation (if any) at that meeting.

Mr Castleden, having been appointed by other directors on 21 June 2017 in accordance with the Constitution, will retire in accordance with the Constitution and ASX Listing Rules 14.4 and being eligible, seeks election from Shareholders.

David Nicholas Castleden (Director)

Mr Castleden is a geologist with over 20 years of experience in the mineral exploration and development industry. Mr Castleden has worked in various exploration, geological and management roles with well-regarded Australian mining companies including Mt Isa Mines, Perilya Mines, MPI Mines, LionOre, and with corporate firm Verona Capital. Mr Castleden has extensive operational experience in Africa, North and South America and across Australia.

Mr Castleden also has specific experience in Western Australian gold, nickel and base metal exploration businesses including participating in the discovery and delineation of gold and nickel sulphide deposits that have progressed from feasibility studies through to successful mining operations.

The board does not consider Mr Castleden to be an independent director.

The Board supports the re-election of Nicholas Castleden and recommends that Shareholders vote in favour of Resolution 4.

6. ENQUIRIES

Shareholders are required to contact the Company Secretary on (+61 8) 9482 0550 if they have any queries in respect of the matters set out on these documents.

LATITUDE CONSOLIDATED LIMITED ABN 23 080 939 135

EXPLANATORY MEMORANDUM TO SHAREHOLDERS

7. GLOSSARY

$ means Australian dollars.

10% Placement Capacity has the meaning given in section 3.1 of the Explanatory Statement.

Annual General Meeting means the meeting convened by the Notice of Meeting.

ASIC means the Australian Securities and Investments Commission.

ASX means ASX Limited.

ASX Listing Rules means the Listing Rules of ASX.

Board means the current board of directors of the Company.

Business Day means Monday to Friday inclusive, except New Year’s Day, Good Friday, Easter Monday, Christmas Day, Boxing Day, and any other day that ASX declares is not a business day.

Closely Related Party of a member of the Key Management Personnel means:

• (a) a spouse or child of the member;

• (b) a child of the member’s spouse;

• (c) a dependent of the member or the member’s spouse;

• (d) anyone else who is one of the member’s family and may be expected to influence the member, or be influenced by the member, in the member’s dealing with the entity;

• (e) a company the member controls; or

• (f) a person prescribed by the Corporations Regulations 2001 (Cth).

Company means Latitude Consolidated Limited (ABN 23 080 939 135).

Constitution means the Company’s constitution.

Corporations Act means the Corporations Act 2001 (Cth).

Directors means the current directors of the Company.

Eligible Entity means an entity that, at the date of the relevant general meeting:

• (a) is not included in the S&P/ASX 300 Index; and

• (b) has a maximum market capitalisation (excluding restricted securities and securities quoted on a deferred settlement basis) of $300,000,000.

Equity Securities includes a Share, a right to a Share or Option, an Option, a convertible security and any security that ASX decides to classify as an Equity Security.

Explanatory Statement means the explanatory statement accompanying the Notice of Meeting.

Key Management Personnel has the same meaning as in the accounting standards issued by the Australian Accounting Standards Board and means those persons having authority and responsibility for planning, directing and controlling the activities of the Company, or if the Company is part of a consolidated entity, of the consolidated entity, directly or indirectly, including any director (whether executive or otherwise) of the Company, or if the Company is part of a consolidated entity, of an entity within the consolidated group..

Notice of Meeting or Notice of Annual General Meeting means this notice of annual general meeting including the Explanatory Statement.

Officer means any Director of the Company or such other person within the meaning of that term as defined by the Corporations Act.

LATITUDE CONSOLIDATED LIMITED ABN 23 080 939 135

EXPLANATORY MEMORANDUM TO SHAREHOLDERS

Options means an unlisted option to acquire a Share, with the terms detailed in the explanatory statement of this Notice of Meeting where applicable. Ordinary Securities has the meaning set out in the ASX Listing Rules.

Remuneration Report means the remuneration report set out in the Director’s report section of the Company’s annual financial report for the year ended 30 June 2017.

Resolutions means the resolutions set out in the Notice of Meeting, or any one of them, as the context requires.

Share means a fully paid ordinary share in the capital of the Company.

Shareholder means a holder of a Share.

WST means Western Standard Time as observed in Perth, Western Australia.

LATITUDE CONSOLIDATED LIMITED ABN 23 080 939 135

Instructions for Completing ‘Appointment of Proxy’ Form

1. Your Name and Address

This is your name and address as it appears on the Company’s share register. If this information is incorrect, please Contact the Share register on 1300 554 474 (toll free) . Security holders sponsored by a broker should advise their broker of any changes. Please note, you cannot change ownership of your securities using this form.

2. Appointment of a Proxy

If you wish to appoint the Chairman of the Meeting as your proxy, mark the box. If the person you wish to appoint as your proxy is someone other than the Chairman of the Meeting please write the name of that person. If you leave this section blank, or your named proxy does not attend the meeting, the Chairman of the Meeting will be your proxy. A proxy need not be a security holder of the Company.

3. Votes on Items of Business

You may direct your proxy how to vote by placing a mark in one of the boxes opposite each item of business. All your securities will be voted in accordance with such a direction unless you indicate only a portion of voting rights are to be voted on any item by inserting the percentage or number of securities you wish to vote in the appropriate box or boxes. If you do not mark any of the boxes on a given item, your proxy may, subject to the comments below, vote as he or she chooses. If you mark more than one box on an item your vote on that item will be invalid.

New sections 250BB and 250BC of the Corporations Act came into effect on 1 August 2011 and apply to voting by proxy on or after that date. Shareholders and their proxies should be aware of these changes to the Corporations Act, as they will apply to this Annual General Meeting. Broadly, the changes mean that:

• (a) if proxy holders vote, they must cast all directed proxies as directed; and

• (b) any directed proxies which are not voted will automatically default to the Chair, who must vote the proxies as directed.

Further details on these changes are set out below.

Proxy vote if appointment specifies way to vote

Section 250BB(1) of the Corporations Act provides that an appointment of a proxy may specify the way the proxy is to vote on a particular resolution and, if it does :

• (a) the proxy need not vote on a show of hands, but if the proxy does so, the proxy must vote that way (i.e. as directed); and

• (b) if the proxy has 2 or more appointments that specify different ways to vote on the resolution – the

• proxy must not vote on a show of hands; and

• (c) if the proxy is the chair of the meeting at which the resolution is voted on – the proxy must vote on a poll, and

• must vote that way (i.e. as directed); and

• (d) if the proxy is not the chair – the proxy need not vote on the poll, but if the proxy does so, the proxy must vote

• that way (i.e. as directed).

Transfer of non-chair proxy to chair in certain circumstances

Section 250BC of the Corporations Act provides that, if:

• (a) an appointment of a proxy specifies the way the proxy is to vote on a particular resolution at a meeting of the Company's members; and

• (b) the appointed proxy is not the chair of the meeting; and

• (c) at the meeting, a poll is duly demanded on the resolution; and

• (d) either of the following applies:

• the proxy is not recorded as attending the meeting;

• the proxy does not vote on the resolution,

the chair of the meeting is taken, before voting on the resolution closes, to have been appointed as the proxy for the purposes of voting on the resolution at the meeting.

4. Appointment of a Second Proxy

You are entitled to appoint up to two persons as proxies to attend the meeting and vote on a poll. If you wish to appoint a second proxy, an additional Proxy Form may be obtained by telephoning the Company’s share registry or you may copy this form.

To appoint a second proxy you must:

• (a) on each of the first Proxy Form and the second Proxy Form state the percentage of your voting rights or number of securities applicable to that form. If the appointments do not specify the percentage or number of votes that each proxy may exercise, each proxy may exercise half your votes. Fractions of votes will be disregarded.

• (b) return both forms together in the same envelope.

5. Signing Instructions

You must sign this form as follows in the spaces provided:

Individual: where the holding is in one name, the holder must sign.

Joint Holding: where the holding is in more than one name, all of the security holders should sign.

Power of Attorney: to sign under Power of Attorney, you must have already lodged this document with the registry. If you have not previously lodged this document for notation, please attach a certified photocopy of the Power of Attorney to this form when you return it.

Companies: where the company has a sole director who is also the sole company secretary, this form must be signed by that person. If the company (pursuant to section 204A of the Corporations Act) does not have a company secretary, a sole director can also sign alone. Otherwise this form must be signed by a director jointly with either another director or a company secretary. Please indicate the office held by signing in the appropriate place.

6. Attending the Meeting

Completion of a Proxy Form will not prevent individual members from attending the Annual General Meeting in person if they wish. Where a member completes and lodges a valid Proxy Form and attends the Annual General Meeting in person, the proxy’s authority to speak and vote for the member is suspended while the member is present at the Annual General Meeting.

If a representative of the corporation is to attend the Meeting the appropriate "Certificate of Appointment of Corporate Representative" should be produced prior to admission. A form of the certificate may be obtained from the Company's share registry.

Lodgement of a Proxy

This Proxy Form (and any Power of Attorney under which it is signed) must be received at the address given below not later than 48 hours before the commencement of the Meeting scheduled for 9:00AM (AWST) 24 November 2017. Any Proxy Form received after that time (9:00AM (AWST) Wednesday, 24 November 2017) will not be valid for the scheduled Meeting.

Documents may be lodged:

By email jives@latitudeconsolidated.com.au By mail - Latitude Consolidated Limited PO Box 902 West Perth WA 6872 or in person– Ground Floor, 16 Ord Street West Perth WA 6005	OR	By facsimile – Within Australia (08) 9482 0550 Outside Australia +618 9482 0505

PROXY FORM

LATITUDE CONSOLIDATED LIMITED

ABN 23 080 939 135

All correspondence to:

Latitude Consolidated Limited PO Box 902, West Perth WA 6872 Phone: 08 9482 0550

I/We

(insert name of holder – please print)

Of

(insert address of holder – please print)

Appointment of Proxy

I/We being member/s of Latitude Consolidated Limited and entitled to attend and vote hereby appoint

The Chairman Write here the name of the person you are of the Meeting appointing if this person is someone other OR (mark with an than the Chairman of the Meeting ‘X’)

or failing the person named, or if no person is named, the Chairman of the Meeting or a nominee of the Chairman, as my/our proxy to act generally at the meeting on my/our behalf and to vote in accordance with the following directions (or if no directions have been given, as the proxy sees fit) at the Annual General Meeting of Latitude Consolidated Limited to be held at Ground Floor, 16 Ord Street, West Perth, Western Australia on 24 November 2017 at 9:00AM (AWST) and at any adjournment of that meeting.

AUTHORITY FOR CHAIR TO VOTE UNDIRECTED PROXIES ON REMUNERATION RELATED RESOLUTIONS

Where I/we have appointed the Chair as my/our proxy (or where the Chair becomes my/our proxy by default), I/we expressly authorise the Chair to exercise my/our proxy on Resolution 1 (except where I/we have indicated a different voting intention below) even though Resolution 1 is connected directly or indirectly with the remuneration of a member of the Key Management Personnel, which includes the Chair.

Important: The Chair of the Meeting intends to vote all undirected proxies in favour of all Resolutions. If the Chair of the Meeting is your proxy or is appointed your proxy by default, unless you indicate otherwise by ticking either the ‘for’, ‘against’ or ‘abstain’ box, you will be authorising the Chairman to vote in accordance with the Chairman’s voting intentions even if those Resolutions are connected directly or indirectly with the remuneration of a member of the Key Management Personnel.

Voting directions to your proxy - please mark	Voting directions to your proxy - please mark	X to	X to	indicate your	directions
Ordinary business			For	Against	Abstain*
Resolution 1	Approval of remuneration report				
Resolution 2	Approval of 10% Placement Capacity				
Resolution 3	Re-election of Mr Timothy Moore				
Resolution 4	Re-election of Mr Nick Castleden				

If no directions are given my proxy may vote as the proxy thinks fit or may abstain. * If you mark the Abstain box for a particular item, you are directing your Proxy not to vote on your behalf on a show of hands or on a poll and your votes will not be counted in computing the required majority on a poll.

PLEASE SIGN HERE

This section must be signed in accordance with the instructions overleaf to enable your directions to be implemented.

Individual or Securityholder 1 Securityholder 2 Securityholder 3 Sole Director and Sole Company Secretary Director Director/Company Secretary

Contact Name

Contact Daytime Telephone Date