On October 30, 2023, Northern Minerals Limited announced that the Australian Securities and Investments Commission (ASIC) has granted relief to the Company under section 250P of the Corporations Act 2001 (Cth) to extend the period within which the Company must hold its 2023 annual general meeting from 30 November 2023 to 29 February 2024 (Extension). Wu Tao?s nomination was proposed by a nominated representative of Yuxiao Fund. The Board stated that it would be appropriate for Yuxiao Fund to apply to the Foreign Investment Review Board (FIRB) to seek approval for Wu?s appointment.

As of the date of this announcement, the Company has not received any confirmation from Wu that Yuxiao Fund intends to seek such approval and the Company stated that it will issue a further announcement once a new date has been chosen for the holding of the 2023 AGM.