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    MBK   AU000000MBK5

METAL BANK LIMITED

(MBK)
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Metal Bank : Commencement of Rights Trading – MBKR

10/28/2021 EST

ASX ANNOUNCEMENT 28 October 2021

ASX: MBK

Commencement of Rights Trading on ASX

Metal Bank Limited (ASX:MBK) ('Metal Bank', 'MBK' or the 'Company') is pleased to advise that the rights to the Company's renounceable Entitlement Offer announced on 26 October 2021 have commenced trading today under the ASX Code MBKR.

Under the timetable for the Entitlement Offer, rights trading will end on 24 November 2021.

Authorised by the Board

For further information contact:

Sue-Ann Higgins - Director and Company Secretary sue-ann@metalbank.com.au

About Metal Bank

Metal Bank Limited is an ASX-listed minerals exploration company (ASX: MBK). Metal Bank's core focus is creating value through a combination of exploration success and quality project acquisition.

The Company's 100% owned South East Qld Gold Projects - 8 Mile, Wild Irishman and Eidsvold gold projects - are situated in the northern New England Fold Belt of central Queensland, which also hosts the Cracow (3 Moz Au), Mt Rawdon (2 Moz Au), Mt Morgan (8 Moz Au, 0.4Mt Cu) and Gympie (5 Moz Au) gold deposits. Each of these projects are associated with historical goldfields and represent intrusion related gold systems (IRGS) with multi-million-ounce upside.

The Company is committed to a strategy of diversification and growth through identification of new exploration opportunities which complement its existing portfolio and pursuit of other opportunities to diversify the Company's assets through acquisition of advanced projects or cash- flow generating assets to assist with funding of the exploration portfolio.

In pursuit of this strategy, the Company has entered into an agreement to purchase a 75% interest in the advanced Livingstone gold project in Western Australia and has secured an exclusive option to earn up to an 80% interest in the Millennium copper-cobalt project near Mt Isa. The Company is also actively reviewing other new opportunities within Australia and is continuing to work with government and stakeholders in the MENA region with a view to securing an advanced copper exploration project.

P a g e | 1 Metal Bank Limited ABN 51 127 297 170 Suite 506 Level 5 50 Clarence Street Sydney NSW 2000

Metal Bank Project locations

Board of Directors and Management

Registered Office

Inés Scotland

Metal Bank Limited

(Non-Executive Chairperson)

Suite 506, Level 5

50 Clarence Street

Guy Robertson

Sydney NSW 2000

(Executive Director)

AUSTRALIA

Phone:

+61 2 9078 7669

Sue-Ann Higgins

Email:

info@metalbank.com.au

(Executive Director and Company Secretary)

Share Registry

Rhys Davies

Automic Registry Services

(Exploration Manager)

Phone:

1300 288 664 (local)

Trevor Wright

+61 2 9698 5414 (international)

Email:

hello@automic.com.au

(Technical Advisor)

Web site:

www.automic.com.au

Please direct all shareholding enquiries to the

share registry.

P a g e | 2

Disclaimer

Metal Bank Limited published this content on 28 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 November 2021 03:49:06 UTC.


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Financials
Sales 2021 0,11 M 0,08 M 0,08 M
Net income 2021 -0,36 M -0,26 M -0,26 M
Net cash 2021 1,00 M 0,72 M 0,72 M
P/E ratio 2021 -21,9x
Yield 2021 -
Capitalization 15,6 M 11,2 M 11,2 M
EV / Sales 2020 661x
EV / Sales 2021 68,9x
Nbr of Employees -
Free-Float 44,4%
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Income Statement Evolution
Managers and Directors
InÚs Louise Scotland Non-Executive Chairman
Guy Robertson Executive Director
Sue-Ann Higgins Secretary & Executive Director
Rhys Davies Exploration Manager
Sector and Competitors