Wyloo Consolidated Investments Pty Ltd made an offer to acquire to acquire additional 80.1% stake in Mincor Resources NL (ASX : MCR) for AUD 610 million on March 21, 2023. Under the terms of transaction, Wyloo offer to acquire 429.4 million shares at price of AUD 1.4 per share. Wyloo has a relevant interest in 15.3 Mincor Shares on issue and Wyloo along with its associate had 19.87% of all Mincor Shares on issue. Wyloo will fund the maximum cash consideration from existing cash reserves held by Wyloo Consolidated and Tattarang which will be advanced to Wyloo Consolidated pursuant to existing intragroup funding arrangements of the Tattarang Group. Wyloo intends to reconstitute the Mincor Board with nominees of Wyloo. These nominees have not yet been identified by Wyloo. Wyloo believes that Mincor's management and employees, having built Mincor up to the company it is today, have appropriate skills and experience. Wyloo would review the future employment of the present employees of Mincor after the close of the Offer. Bidder's Statement will today be served on Mincor and lodged with each of the ASX and Australian Securities and Investments Commission. if Mincor becomes controlled by Wyloo (i.e. Wyloo Consolidated and its related entities acquire 50.1% or more of Mincor) but Wyloo is not entitled to proceed to compulsory acquisition in accordance with Part 6A.1 of the Corporations Act. Upon acquiring ownership of 100% of Mincor, Wyloo will seek to have Mincor removed from the official list of ASX. Shareholders are advised to take no action in relation to the Offer until they receive the Mincor Directors? formal recommendation. As of April 4, 2023, the offer is unanimously approved by the Board of Mincor. The Offer will officially be made during the period commencing on 5 April 5, 2023 and ending 8 May 8, 2023 unless extended by the Bidder pursuant to the Corporations Act. As of May 15, 2023, the offer has been extended till June 5, 2023. Wyloo Consolidated has engaged BofA Securities1 to act as its financial adviser and Clayton Utz to act as its legal adviser with respect to the Offer. o BofA Securities in this document is a reference to Merrill Lynch Markets (Australia) Pty. Limited in its capacity as financial adviser to the Bidder, and to Merrill Lynch Equities (Australia) Limited as Broker. Sternship Advisers, Barrenjoey and Gilbert + Tobin have been appointed to advise Mincor in relation to the Offer. As of July 6, 2023, Wyloo has proceeded with compulsory acquisition. Ernst & Young Strategy and Transactions Limited acted as financial advisor to Wyloo Consolidated Investments.

Wyloo Consolidated Investments Pty Ltd completed the acquisition of additional 80.1% stake in Mincor Resources NL (ASX : MCR) on July 25, 2023. As of July 6, 2023, Wyloo has proceeded with compulsory acquisition. On July 25, 2023, Mincor Resources NL was removed from the listing following compulsory acquisition of its remaining securities by Wyloo Consolidated Investments Pty Ltd.