ORBMINCO LIMITED — Capital/Financing Update 2017

Dec 20, 2017

AusROC Metals Ltd

21 December 2017

Ausroc Metals Limited (ACN 073 155 781) (ASX:ARK) ASX Announcement

Update on General / Vendor Offers and Prospectus

The Company refers to the prospectus lodged with ASIC on 5 December 2017 ( Prospectus ) in respect of the General Offer and Vendor Offers (as those terms are defined in the Prospectus) of its shares.

The Company wishes to advise that subsequent to the lodgement of the Prospectus, the Australian Securities and Investment Commission ( ASIC ) has requested that the Company provide further disclosure on, amongst other things, the historic exploration information set out in the Prospectus consistent with the JORC Code 2012. The Company is working closely with ASIC to ensure that it is satisfied in that regard. Accordingly, once the Company and ASIC have worked through the required further disclosure, the Company will seek to lodge a replacement prospectus.

As a result of the above, certain dates set out in the timetable in the Prospectus may be altered and the Board will provide an updated timetable in due course.

In the interim, the Company has agreed to provide a voluntary undertaking to ASIC that it will not offer any securities or accept any applications nor will it issue, sell or transfer any securities under the Prospectus pending the lodgement of a replacement prospectus on or before 8 January 2018.

The Board is confident that the issues raised by ASIC can be addressed in a timely manner and it is envisaged that a replacement prospectus, containing the required further disclosure, will be lodged early in the new year.

The Board will continue to update shareholders on further progress.

Jonathan Lindh Company Secretary Ausroc Metals Limited

Ausroc Metals Ltd ACN 073 155 781 Registered Office

Level 4, 22 Grenfell Street, Adelaide SA Australia 5000

www.woomeramining.com.au