ASX

Announcement

12 October 2020

PLACEMENT CLOSES WELL OVERSUBSCRIBED

Cyclone Metals Limited (previously called Cape Lambert Resources Limited (ASX: CLE) (Cyclone or the Company)), is pleased to announce that the placement approved by shareholders at a general meeting held on 6 October 2020, to raise up to $2 million has closed well oversubscribed.

Shares are expected to be issued and excess applications funds returned to subscribers later this week.

At the general meeting shareholders also approved the Company's change of name to Cyclone Metals Limited.

This announcement has been approved by the Company's Non-Executive Chairman, Terry Donnelly.

Yours faithfully

Cyclone Metals Limited

Terry Donnelly

Non-Executive Chairman

For further information please contact:

Investor Relations

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ASX: CLE

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Cape Lambert Resources Ltd. published this content on 12 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 October 2020 02:29:06 UTC