The Company refers to its off-market takeover bid for all of the ordinary shares in Lincoln Minerals Limited (Lincoln), on the terms set out in the Company's replacement bidder's statement dated 6 September 2022, (Offer).

The Offer is currently scheduled to close at 7.00pm (Melbourne time) on 14 July 2023. The Offer remains subject to the conditions set out in section 12.9 of the Bidder's Statement (Conditions). The Company has determined not to declare the Offer free from the Conditions or extend the Offer period.

As a result, the Offer will lapse at 7.00pm (Melbourne time) on 14 July 2023. Lincoln shareholders who have accepted the Offer will retain ownership of their Lincoln shares after the Offer lapses on 14 July 2023, and will be free to deal with their shares as they see fit.

In accordance with section 630(3) of the Corporations Act 2001 (Cth), the Company encloses formal notice in relation to the status of the defeating conditions of the Offer.

Contact:

Email: info@qgraphite.com

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