Metals Acquisition Limited that Mr. Rhett Bennett, has resigned from his position as a Non Executive Director of the company, with immediate effect. The Board has for some time been discussing the need for greater diversity (including, but not limited to, geographical and gender diversity) including in the context of the Company's current operating asset being in Australia, whilst the majority of the Board are based in the Northern Hemisphere. It is in this context that Mr. Bennett offered his resignation.

The Board has commenced a process to identify and recruit additional directors that align with the diversification objectives of the Company.