Equities

ORR

AU000000ORR2

Market Closed - Australian S.E. Other stock markets 02:10:05 2024-04-29 am EDT			5-day change	1st Jan Change
0.565 ^AUD	-.--%		-.--%	-0.88%

Apr. 26	Silvercorp Metals Down 5% as Says to Acquire Adventus Mining; Comes After Silvercorp Failed to Land Orecorp	MT
Apr. 26	Silvercorp Metals to Acquire Adventus Mining; Comes After Silvercorp Failed to Land Orecorp	MT

Response to announcement regarding takeover bid by Perseus Mining Limited

January 23, 2024 at 06:03 am EST

OreCorp Limited (OreCorp or the Company) (ASX: ORR) refers to the announcement today by Perseus Mining Limited (Perseus) that it intends to make an unsolicited takeover bid for OreCorp.

OreCorp confirms that on Friday evening it received a confidential, conditional proposal from Perseus to make a takeover bid for OreCorp.

The Board of OreCorp carefully considered the proposal over the weekend with its advisers and notified Perseus that it was not considered to be a Superior Proposal for the purposes of the Bid Implementation Deed with Silvercorp Metals Inc. (Silvercorp) dated 27 December 2023. The OreCorp Board is working through the Perseus announcement released today.

The Board has not changed their existing unanimous recommendation in favour of the current offer by Silvercorp. The Company shall continue to provide further information to shareholders in accordance with its continuous disclosure obligations.

Contact:

Tel: +61 9381 9997

ABOUT ORECORP LIMITED

OreCorp Limited is a Western Australian based mining development company listed on the Australian Securities Exchange (ASX) under the code 'ORR'. OreCorp's key project is the Nyanzaga Gold Project in northwest Tanzania

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	PERSEUS MINING LIMITED	2.38 AUD	-1.65%	+3.48%	2.22B
	ORECORP	0.565 AUD	-.--%	-.--%	179M

Latest news about ORECORP

Silvercorp Metals Down 5% as Says to Acquire Adventus Mining; Comes After Silvercorp Failed to Land Orecorp	Apr. 26	MT
Silvercorp Metals to Acquire Adventus Mining; Comes After Silvercorp Failed to Land Orecorp	Apr. 26	MT
Silvercorp Metals Brief: Said Earlier Friday It Is Buying Adventus; Comes After It Failed To Land Orecorp	Apr. 26	MT
Perseus Mining Reports Production for Quarter Ending March 31	Apr. 24	MT
Perseus Mining Proceeds to Compulsory Acquisition of OreCorp	Apr. 18	MT
Perseus Mining Limited completed the acquisition of remaining 80.1% stake in OreCorp Limited from Silvercorp Metals Inc. and Rollason Pty Ltd.	Apr. 18	CI
OreCorp CEO, Directors Resign from Board as Perseus Takeover Offer Becomes Unconditional	Apr. 10	MT
Perseus Mining Brief: Said Overnight Silvercorp Accepts Perseus's offer for OreCorp; Perseus Added Its Offer is open until April 19, 2024 (Unless Extended)	Apr. 10	MT
OreCorp Shareholder Silvercorp Accepts Perseus Mining Acquisition Offer	Apr. 09	MT
Canaccord Downgrades OreCorp to Hold from Speculative Buy, Price Target is AU$0.58	Apr. 09	MT
Perseus Mining Says OreCorp Offer Is Now 'Unconditional and Best and Final'; Separately Notes Senior Management Change	Apr. 08	MT
Perseus Mining Declares OreCorp Bid Unconditional, Best and Final	Apr. 07	MT
Perseus Offer for Orecorp Becomes Unconditional	Apr. 07	MT
Silvercorp's Offer For Orecorp Lapses	Mar. 26	MT
Orecorp Board Recommends Amended Perseus Proposal as Silvercorp Offer Lapses	Mar. 24	MT
Silvercorp Metals Inc. terminated the offer to acquire the remaining 84.26% stake in OreCorp Limited from Perseus Mining Limited, Rollason Pty Ltd, Mutual Investments Pty Ltd and Timothy R B Goyder	Mar. 21	CI
OreCorp Receives Increased Takeover Bid from Perseus Mining; OreCorp Shares Up 4%	Mar. 19	MT
Silvercorp Notes Takeover Bid For OreCorp Set To Expire March 22	Mar. 15	MT
Orecorp's Net Loss Widens in Fiscal H1	Mar. 15	MT
OreCorp Limited Reports Earnings Results for the Half Year Ended December 31, 2023	Mar. 14	CI
Silvercorp To Retain Minimum Acceptance Condition Under OreCorp Takeover Offer	Mar. 11	MT
Silvercorp Metals Trades Higher After Extending Takeover Bid for Australian Miner	Mar. 01	MT
Silvercorp Metals Extends Takeover Offer Period for OreCorp	Feb. 16	MT
Silvercorp Metals Secures Tanzanian FCC Approval for OreCorp Transaction; Down Over 3%	Feb. 02	MT
Silvercorp Metals Secures Tanzanian FCC Approval for OreCorp Transaction	Feb. 02	MT

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Company Profile

OreCorp Limited is an Australia-based mining exploration company. The Companyâs key project is the advanced high-grade multi-million-ounce Nyanzaga Gold Project in northwest Tanzania. The Nyanzaga Gold Project is an advanced development project in the Archaean Greenstones of the Lake Victoria Goldfields of northwest Tanzania. The Nyanzaga Gold Project is situated approximately 60 kilometers (km) southwest of the city of Mwanza, 60 km east of the Geita Gold Mine and 30 km northeast of the Bulyanhulu Gold Mine (Barrick Gold). The project comprises the Special Mining License (SML), which covers approximately 23.4 square kilometers and encompasses the Nyanzaga and Kilimani deposits and other exploration prospects.

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