MEEKA METALS LIMITED — Capital/Financing Update 2016

Jul 28, 2016

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29 July 2016

Dear Shareholder

LATITUDE CONSOLIDATED LIMITED – NON‐RENOUNCEABLE RIGHTS ISSUE

Latitude Consolidated Limited (ACN 080 939 135) ( Company ) is undertaking a pro‐rata non‐ renounceable rights issue ( Rights Issue or Offer ) of approximately 17,550,221 fully paid ordinary shares ( New Share ) to raise up to $702,008 before costs. The price of New Shares under the Offer is A$0.04 each ( Issue Price ) and will be offered to eligible shareholders on the basis of two (2) Share for every five (5) Shares held on the Record Date.

The Company lodged a Prospectus for the Rights Issue with ASIC and ASX on 29 July 2016 ( Prospectus ).

The Company intends to apply the funds raised from the Offer towards:

Data review and consolidation	$30,000
Tenement review and update	$30,000
Boudie Rat and Forrest Belle Pit Extensions RC Drilling	$180,000
Black Kite Drilling	$60,000
Assays	$30,000
Consultants	$55,000
Costs of the offer	$30,000
Furtherproject acquisitions	$150,000
Workingcapital	$137,008
TOTAL	$ 702,008

The above table is a statement of the Board’s current intentions as at the date of the Offer. The allocation of funds set out in the above table may change depending on a number of factors. The Board reserves the right to alter the way the funds are applied.

The Offer is being made to all shareholders of the Company ( Shareholders ) named on its register of members at 5:00 pm (WST) on 8 August 2016, whose registered address is in Australia or New Zealand.

New Shares will rank equally with all fully paid ordinary shares in the capital of the Company ( Shares ) already on issue.

Following completion of the Offer, the Company will have issued approximately 17,550,221 New Shares resulting in total Shares on issue of approximately 61, 425,773.

Ineligible shareholders

A Shareholder who has a registered address outside Australia and New Zealand ( Ineligible Shareholder ) will not be eligible to participate in the Offer.

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You are not eligible to participate in the Offer and you will not be sent a copy of the Prospectus. This decision has been made pursuant to Listing Rule 7.7.1(a) of the ASX Listing Rules after taking into consideration the costs of complying with legal and regulatory requirements in jurisdictions outside of Australia and New Zealand compared with the small number of Ineligible Shareholders and the number and value of New Shares to which they would otherwise be entitled.

If you have any queries concerning the Rights Issue, please contact your financial adviser or Mr Joel Ives, Company’s Company Secretary, on +61 8 9482 0550.

Yours sincerely

JOEL IVES COMPANY SECRETARY LATITUDE CONSOLIDATED LIMITED

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