Cash Offer Price Increase for New World Resources

Upon the publication of this announcement, via a regulatory information service, such inside information is now considered to be in the public domain.

Central Asia Metals PLC

(the 'Group', the 'Company' or 'CAML')

Increased CAML Cash Offer Price of A$0.065 per share for New World Resources Limited

Central Asia Metals Plc (AIM: CAML) refers to the proposed acquisition of 100% of the issued share capital of New World Resources Limited (ASX: NWC) ('NWR') by CAML via a NWR board recommended off-market takeover bid under Chapter 6 of the Corporations Act 2001 (Cth), in accordance with the terms of the Bid Implementation Deed between CAML and NWR dated 21 May 2025 (as amended and restated by a deed of amendment and restatement dated 6 July 2025) ('BID') ('CAML Offer').

CAML announces that on 16 July 2025 the BID was varied pursuant to a deed of variation (the 'Deed of Variation') under which CAML and NWR agreed to increase the Offer Price from A$0.062 to A$0.065 per NWR share, valuing NWR at approximately A$240 million. In addition, CAML has declared the CAML Offer unconditional.

The BID sets out the agreed terms on which CAML will make the CAML Offer and the obligations of the parties in relation to the CAML Offer. A copy of the Deed of Variation was attached in full to NWR's ASX announcement dated 17 July 2025 titled "New World Board Recommends Revised CAML Takeover Offer" and a copy is available from the ASX website at (www.asx.com.au).

CAML has commenced the despatch of its Bidder's Statement (the 'Bidder's Statement') as of the date of this announcement, with the CAML Offer now open for acceptance.

Details of the CAML Offer, including its terms, are set out in this Bidder's Statement, which NWR shareholders should read in its entirety. The CAML Offer is open for acceptance until 7:00pm (Sydney time) on 18 August 2025, unless extended. A copy of the Bidder's Statement is available from NWR's announcements page on the ASX website at (www.asx.com.au).

CAML notes that, subsequent to the announcement in Australia of the increased CAML Offer price to A$0.065 per NWR share, Kinterra has increased its offer price to A$0.066 per NWR share. CAML will provide further updates as appropriate in due course.

Advisers and counsel

BMO Capital Markets is acting as lead financial adviser, Mayer Brown is acting as UK and US legal adviser, and Clayton Utz is acting as Australian legal adviser to CAML. Canaccord Genuity is also acting as financial adviser to CAML.