Essential Metals Limited announced that the scheme of arrangement under which Develop Global Limited (Develop) will acquire all of the issued shares in Essential (Essential Shares) (the Scheme) has been implemented. Changes to Essential Board Composition: With effect from implementation of the Scheme: Craig McGown, Warren Hallam and Paul Payne resigned from the Essential Board; and Bill Beament, Ben MacKinnon and Michael Blakiston have been appointed as Directors of Essential.