MEEKA METALS LIMITED — Capital/Financing Update 2016

Dec 4, 2016

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Australian Securities Exchange Code: LCD ABN 23 080 939 135

5 December 2016

Completion of Mt Ida South AcquisitionHistorical gold prospects identified

Highlights

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Chief Executive Officer Michael Edwards

• Tenements contiguous with Latitude’s recently acquired Quinns and Mt Ida South gold projects.

• Project area contains numerous historical gold prospects.

• Review of historical data ongoing to prioritise targets.

Non-Executive Directors Timothy Moore (Chairman) Morgan Barron Roger Steinepreis

Joint Company Secretaries Brett Tucker Joel Ives

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Issued Capital: 85.8 million Options Issued: 12 million Perform Shares: 4 million Perform Rights: 5 million Debt: Nil Cash (Approx.): $1 million (as at 30 September 2016)

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Ground Floor 16 Ord Street West Perth WA 6005

PO Box 902 West Perth WA 6872

E: info@latitudeconsolidated.com.au T: +61 8 9482 0550 F: +61 8 9482 0505

WA gold company Latitude Consolidated (ASX: LCD) is pleased to announce that it has completed the previously announced acquisition of an 80% interest in the Mt Ida South gold projects ( see ASX Announcement – 8 September 2016 ).

Latitude now holds an 80% interest in the project tenements listed in Appendix 1, which are located in the highly prospective Mt Ida gold district of WA.

The tenement package (excluding excisions) includes both granted tenements and tenement applications (see Figure 1). This acquisition, together with additional ground which Latitude has pegged in its own right, takes the total Mt Ida area under control to 312km[2] .

Within this newly acquired JV ground, Latitude has located a vast amount of exploration data dating back from the late 1960’s (nickel boom) to present times and has commenced a review. Significant evidence has been uncovered that suggests the tenement area is highly prospective for both Gold and Nickel.

Much of the tenure has undergone surface geochemical sampling which has been completed on varying grid spacing and is dominated by auger sampling, with selected areas tested using sieved soils. Many of these areas have never been followed up.

These datasets are the product of many generations of exploration completed by a number of companies who have explored within the Mt Ida district. They have yet to be scrutinized and validated to the point where they can be considered JORC 2012 compliant.

The Company is currently undertaking this work, which is expected to significantly enhance its exploration efforts in the region.

From an initial investigation, a number of target areas stand out (see Figure 2).

www.latitudeconsolidated.com.au

Some of these targets are based on surface geochemistry and have yet to be drilled. There are also a number of targets that have been tested with broad spaced (200m x 50m) drilling that clearly demonstrate the need for follow up work. Historical workings that have been confirmed by surface geochemistry also appear to be untested with drilling.

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Figure 1: Latitude Tenement Holdings – Mt Ida District Western Australia

Newly acquired gold prospects include the Shepard’s Bush prospect, which is located approximately 2km due south of Latitude’s Spotted Dog South Prospect. Several other gold prospects have been defined by previous explorers in close proximity to the Ballard Fault (known mineralised structure hosting Black Kite, Bluebird and Quinn Hills prospects), which are located between 2.6 km to 6.0 km north of Latitude’s Black Kite Prospect. These include Golden Ridge, Golden Ridge North and Wedgetail. Other prospects identified include Unexpected East and Pianto’s Find North, and several targets near the historical Lady Doris West workings.

Latitude believe that this tenement package is highly prospective and complements the Company’s existing ground-holding within the Mt Ida Greenstone belt. The review of the historical datasets is continuing and the Company will update the market as this work progresses.

An Appendix 3B is attached in relation to the issue of consideration securities, and contractor options as approved by shareholders at the Annual General Meeting held on 29 November 2016.

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Figure 2: Mt Ida JV Tenements – highlighting recently identified target areas and historical workings

For more information please contact:-

Mr Michael Edwards Chief Executive Officer

(p) 08 9482 0550 (e) medwards@latitudeconsolidated.com

Mr Nicholas Read/Paul Armstrong

Read Corporate – Investor and Public Relations

(p) 08 9388 1474 (e) nicholas@readcorporate.com.au

About the Company

Latitude Consolidated (ASX:LCD) is an ASX-listed Perth-based resources company with a focus on exploring and developing high grade gold projects within the Mt Ida region. Latitude has recently expanded its land-holding in the region to 312km2 and it is continuing to review acquisitions in the area as part of its strategy to consolidate a significant gold inventory.

Competent Person Statement

The information in this announcement that relates to Mineral Resources is based on, and fairly represents, information and supporting documentation compiled by or under the supervision of Mr Michael Edwards, a Competent Person who is a member of the Australian Institute of Geoscientists a “Recognized Professional Organization” (RPO) included in a list that is posted on the ASX website from time to time. Mr Edwards has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 and 2012 editions of the Australian Code for Reporting Exploration Results Mineral Resources and Ore Reserves. Latitude Consolidated confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and, in the case of estimates of Mineral Resources, all material assumptions and technical parameters underpinning the estimates in the initial announcement continue to apply and have not materially changed. Latitude Consolidated confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement.

APPENDIX 1 – Tenement Schedule

Tenement	Block Size	Grant Date
E29/921	28 BL	17/11/2014
E29/900	30 BL	Grant pending
E29/901	4 BL	01/12/2014
E29/969	11 BL	Grant pending
E29/970	2 BL	17/11/2016
E29/971	1 BL	17/11/2016
E29/973	3 BL	Grant pending
E29/992	20 BL	Grant pending
E29/993	1 BL	Grant pending

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 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12

Name of entity

Latitude Consolidated Limited

ABN

23 080 939 135

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 a) Ordinary shares be issued b) Unlisted options c) Unlisted options d) Unlisted options e) Unlisted options

Issued pursuant to shareholder approval at the annual general meeting on 29 November 2016.

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

• a) 2,000,000 b) 2,000,000 c) 2,000,000 d) 2,000,000 e) 250,000

3 Principal terms of the+securities (eg, if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion) 4 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 5 Issue price or consideration 6 Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets) 6a Is the entity an+eligible entity that has obtained security holder approval under rule 7.1A? If Yes, complete sections 6b – 6h in relation to the+securities the subject of this Appendix 3B, and comply with section 6i	a) Fully paid ordinary shares b) Unlisted options, exercisable at 8 cents each on or before 30 November 2018 c) Unlisted options, exercisable at 15 cents each on or before 30 November 2019 d) Unlisted options, exercisable at 25 cents each on or before 30 November 2020 e) Unlisted options, exercisable at 8 cents each on or before 30 November 2019
	a) Yes b) No, will rank equally upon conversion to ordinary fully paid shares c) No, will rank equally upon conversion to ordinary fully paid shares d) No, will rank equally upon conversion to ordinary fully paid shares e) No, will rank equally upon conversion to ordinary fully paid shares
	(a-d) securities are issued as part consideration for the acquisition of the Mt Ida South gold project pursuant to shareholder approval at the annual general meeting on 29 November 2016 (e) securities issued to a contractor of the company, in accordance with the engagement letter.
	(a-d) securities are issued as part consideration for the acquisition of the Mt Ida South gold project pursuant to shareholder approval at the annual general meeting on 29 November 2016 (e) securities issued to a contractor of the company, in accordance with the engagement letter.
	Yes

6b The date the security holder resolution under rule 7.1A was passed 6c Number of +securities issued without security holder approval under rule 7.1 6d Number of+securities issued with security holder approval under rule 7.1A 6e Number of+securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting) 6f Number of securities issued under an exception in rule 7.2 6g If securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the issue date and both values. Include the source of the VWAP calculation. 6 h If securities were issued under rule 7.1A for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements 6i Calculate the entity’s remaining issue capacity under rule 7.1 and rule 7.1A – complete Annexure 1 and release to ASX Market Announcements 7 Dates of entering+securities into uncertificated holdings or despatch of certificates	29 November 2016	29 November 2016
	Nil
	Nil
	a) 2,000,000 b) 2,000,000 c) 2,000,000 d) 2,000,000 e) 250,000 a) to e) approved at the annual general meeting of shareholders held on 29November 2016
	Nil
	Not Applicable
	Not Applicable
	Rule 7.1 – 12,866,474 Rule 7.1A – 8,577,650
	30 November 2016
	Number	+Class

8 Number and +class of all +securities quoted on ASX (including the securities in clause 2 if applicable 9 Number and +class of all +securities not quoted on ASX (including the securities in clause 2 if applicable)	85,776,495	Fully Paid Ordinary Shares
	Number	+Class
	284,856 1,250,000 2,000,000 2,000,000 1,250,000 1,200,000 750,000 988,000 2,000,000	Options exercisable at $0.20 each, expiring 31/12/16 Options exercisable at $0.10 each, expiring 31/08/2019 Class A performance shares, which convert on a 1-to-1 basis to fully paid ordinary shares. Class B performance shares, which convert on a 1-to-1 basis to fully paid ordinary shares. Options exercisable at $0.08 each and expiring 24 November 2019, vesting upon delineation of an additional 100,000 ounce JORC resource by the Company at a minimum grade cut-off of 1.0 g/t Au, or change of control event. Options exercisable at $0.15 each and expiring 24 November 2020, vesting upon successful completion of a pre- feasibility study, or change of control event. Options exercisable at $0.25 each and expiring 24 November 2021, vesting upon the Company completing its first commercial “gold pour” from mining production, or change of control event. Options exercisable at $0.08 each and expiring 24 November 2019. Options, exercisable at 8 cents each on or before30

2,000,000 2,000,000 250,000	November 2018 Options, exercisable at 15 cents each on or before 30 November 2019 Options, exercisable at 25 cents each on or before 30 November 2020 Options, exercisable at 8 cents each on or before 30 November 2019

• 10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)

Part 2 - Bonus issue or pro rata issue – DETELED AS NOT APPLICABLE

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

• 36 If the[+] securities are[+] equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001 and over

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

Entities that have ticked box 34(b)

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

41 Reason for request for quotation now Example: In the case of restricted securities, end of restriction period (if issued upon conversion of another security, clearly identify that other security)

Number +Class

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

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: 5 December 2016 ( Company Secretary ) Print name: Mr Joel Ives

Appendix 3B – Annexure 1

Calculation of placement capacity under rule 7.1 and rule 7.1A for +eligible entities

Introduced 01/08/12

Part 1

Rule 7.1 – Issues exceeding 15% of capital

Step 1: Calculate “A”, the base figure from which the placement capacity is calculated

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Insert number of fully paid ordinary 31,675,953
securities on issue 12 months before date
of issue or agreement to issue
Add the following:
• Number of fully paid ordinary securities
issued in that 12 month period under an 24,998,842
exception in rule 7.2
• Number of fully paid ordinary securities
29,101,700
issued in that 12 month period with
shareholder approval
• Number of partly paid ordinary securities
that became fully paid in that 12 month Nil
period
Note:
• Include only ordinary securities here –
other classes of equity securities cannot
be added
• Include here (if applicable) the securities
the subject of the Appendix 3B to which
this form is annexed
• It may be useful to set out issues of
securities on different dates as separate
line items
Subtract the number of fully paid ordinary Nil
securities cancelled during that 12 month
period
“A” 85,776,495
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Step 2: Calculate 15% of “A”

Step 2: Calculate 15% of “A”	Step 2: Calculate 15% of “A”
“B”	0.15 [Note: this value cannot be changed]
Multiply“A” by 0.15	12,866,474
Step 3: Calculate “C”, the amount of placement capacity under rule 7.1 that has already been used
Insertnumber of equity securities issued or agreed to be issued in that 12 month period not counting_those issued: • Under an exception in rule 7.2 • Under rule 7.1A • With security holder approval under rule 7.1 or rule 7.4 _Note: • This applies to equity securities, unless specifically excluded – not just ordinary securities • Include here (if applicable ) the securities the subject of the Appendix 3B to which this form is annexed • It may be useful to set out issues of securities on different dates as separate line items	Nil
“C”	Nil
Step 4: Subtract “C” from [“A” x “B”] to calculate remaining placement capacity under rule 7.1
“A” x 0.15 Note: number must be same as shown in Step 2	12,866,474
Subtract“C” Note: number must be same as shown in Step 3	Nil
Total[“A” x 0.15] – “C”	12,866,474 [Note: this is the remaining placement capacity under rule 7.1]

Step 4: Subtract “C” from [“A” x “B”] to calculate remaining	Step 4: Subtract “C” from [“A” x “B”] to calculate remaining
placement capacity under rule 7.1
“A” x 0.15	12,866,474
Note: number must be same as shown in
Step 2
Subtract“C”	Nil
Note: number must be same as shown in
Step 3
Total[“A” x 0.15] – “C”	12,866,474
	[Note: this is the remaining placement
	capacity under rule 7.1]

Part 2

Rule 7.1A – Additional placement capacity for eligible entities

Step 1: Calculate “A”, the base figure from which the placement capacity is calculated

“A” 85,776,495 Note: number must be same as shown in Step 1 of Part 1

Step 2: Calculate 10% of “A”

“D” 0.10 Note: this value cannot be changed Multiply “A” by 0.10 8,577,650

Step 3: Calculate “E”, the amount of placement capacity under rule 7.1A that has already been used

Insert number of equity securities issued or Nil agreed to be issued in that 12 month period under rule 7.1A

Notes:

• This applies to equity securities – not just ordinary securities

• • Include here – if applicable – the securities the subject of the Appendix 3B to which this form is annexed

• • Do not include equity securities issued under rule 7.1 (they must be dealt with in Part 1), or for which specific security holder approval has been obtained

• • It may be useful to set out issues of securities on different dates as separate line items

• “E” Nil

Step 4: Subtract “E” from [“A” x “D”] to calculate remaining placement capacity under rule 7.1A

Step 4: Subtract “E” from [“A” x “D”] to calculate remaining placement capacity under rule 7.1A	Step 4: Subtract “E” from [“A” x “D”] to calculate remaining placement capacity under rule 7.1A
“A” x 0.10 Note: number must be same as shown in Step 2	8,577,650
Subtract“E” Note: number must be same as shown in Step 3	Nil
Total[“A” x 0.10] – “E”	8,577,650 Note: this is the remaining placement capacity under rule 7.1A