West Cobar Metals Limited

WC1

AU0000169963

Specialty Mining & Metals

Market Closed - Australian S.E. Other stock markets 01:00:37 2024-07-16 EDT			5-day change	1st Jan Change
0.031 ^AUD	+10.71%		-6.06%	-59.21%

07-08	West Cobar Metals Hits Rare Earths at Salazar Project; Shares Rise 3%	MT
07-01	West Cobar Metals Defines High Priority Targets at Salazar Project	MT

West Cobar Metals Limited - Despatch of Prospectus and Entitlement and Acceptance Form and Entitlement Offer Opens

July 16, 2024 at 09:48 am

West Cobar Metals Limited (ASX:WC1) (Company) refers to its announcements of 27 June 2024 and prospectus dated 3 July 2024 (Prospectus) in relation to the non-renounceable entitlement offer to shareholders of one (1) new option (New Option) for every four (4) shares held at the record date at an issue price of A$0.01 per New Option, to raise up to approximately A$381,000 (before costs) (Offer).

The Company advises that the Prospectus was despatched to eligible shareholders today in accordance with the timetable included within the Prospectus. Each copy of the Prospectus despatched includes a personalised Entitlement and Acceptance Form outlining eligible shareholders' entitlement under the Offer. The Offer opens today.

The closing date for the Offer is 5.00pm (WST) on Friday 2 August 2024 (unless extended). A letter to ineligible shareholders notifying them of the Offer and their inability to participate has also been despatched, the form of which is attached to this announcement.

Authorised for release by the Board of Directors of West Cobar Metals Limited.

Contact:

Tel: +61 8 9287 4600

Latest news about West Cobar Metals Limited

West Cobar Metals Hits Rare Earths at Salazar Project; Shares Rise 3%	07-08	MT
West Cobar Metals Defines High Priority Targets at Salazar Project	06-30	MT
West Cobar Metals Discovers New Drilling Targets at New South Wales Project; Shares Down 3%	06-26	MT
West Cobar Metals Raising AU$1.3 Million to Advance New South Wales, Western Australia Portfolio; Shares Down 3%	06-26	MT
West Cobar Metals Completes 63-Hole Aircore Drilling Campaign at Salazar Critical Minerals Project	06-04	MT
West Cobar Metals Hits Copper, Gold, Carbonatite Targets at Salazar Project in Western Australia	05-29	MT
West Cobar Metals Begins Drilling Campaign at Salazar Project	05-19	MT
West Cobar Metals Declares Maiden Resource for Newmont Deposit in Western Australia	04-28	MT
West Cobar Metals Limited Reports Earnings Results for the Half Year Ended December 31, 2023	03-08	CI
West Cobar Metals Secures R&D Tax Rebate for Fiscal Year 2023	12-25	MT
West Cobar Metals Limited Announces Change of Registered Office and Principal Place of Business	12-21	CI
West Cobar Metals Limited Announces Executive Changes	12-21	CI
West Cobar Hits Thick Copper Mineralization at New South Wales' Bulla Park Project; Shares Decline 8%	12-14	MT
West Cobar Metals Limited completed the acquisition of Four Exploration Licences E63/2056, E63/2083, E63/2078 and E63/2063 from Dundas Minerals Limited.	11-30	CI
West Cobar Metals Completes RC Drilling at Nevada's Montezuma Well, Big Smoky Valley Projects; Shares Fall 8%	11-26	MT
West Cobar Metals Limited Announces Resignation of Kevin Das as Non-Executive Director	11-23	CI
West Cobar Metals Begins RC Drilling at Nevada's Montezuma Well Project	11-02	MT
West Cobar Metals Raises Over AU$730,000 for Drilling, Commercialization	11-02	MT
West Cobar Completes Drilling of Hole at New South Wales Copper Project	23-10-25	MT
West Cobar Metals Begins Diamond Drilling at New South Wales Copper Project	23-10-15	MT
13,000,000 Options of West Cobar Metals Limited are subject to a Lock-Up Agreement Ending on 1-OCT-2023.	23-09-30	CI
10,749,925 Ordinary Shares of West Cobar Metals Limited are subject to a Lock-Up Agreement Ending on 1-OCT-2023.	23-09-30	CI
West Cobar Metals Limited Reports Earnings Results for the Full Year Ended June 30, 2023	23-09-27	CI
West Cobar Expands Salazar Project in Western Australia; Shares Fall 3%	23-09-25	MT
West Cobar Metals Limited entered into a binding agreement to acquire Four Exploration Licences E63/2056, E63/2083, E63/2078 and E63/2063 from Dundas Minerals Limited for AUD 0.45 million.	23-09-24	CI

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Company Profile

West Cobar Metals Limited is an Australia-based mineral exploration and development company. The Company is focused on rare earths and battery minerals within Australia and United States. The Companyâs projects include Salazar Rare Earths Clay, Nevada Lithium, Hermit Hill Lithium and Cobar West. The Salazar Rare Earths Clay Project is located on non-agricultural undeveloped state land approximately 120 kilometers (km) north-east of the township and deep-water port of Esperance in Western Australia. The Montezuma Well and Big Smoky Valley claims are considered prospective for large-scale sedimentary-hosted lithium claystone deposits. The Hermit Hill project area is located in the Litchfield Province in the Northern Territory, roughly 100 km south-southwest of Core Lithiumâs Finniss Lithium Project and Lithium Plus Mineralsâ Lei lithium prospect, and 30 km west of Ragusa Mineralsâ Tank Hill lithium discovery. The Cobar West projects include Bulla Park, Cawkerâs Well and the Nantilla.

Sector

Specialty Mining & Metals

Calendar

2024-09-24 - Q4 2024 Earnings Release (Projected)

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Income Statement Evolution

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Sector Copper Ore Mining

	1st Jan change	Capi.
WEST COBAR METALS LIMITED	-59.21%	2.89M
PT AMMAN MINERAL INTERNASIONAL TBK	+71.37%	51.89B
ANTOFAGASTA PLC	+26.70%	27.46B
SOCIEDAD MINERA CERRO VERDE S.A.A.	+9.86%	14.04B
FIRST QUANTUM MINERALS LTD.	+63.13%	11.12B
KGHM POLSKA MIEDZ	+18.79%	7.87B
KATANGA MINING LIMITED	+19.23%	6.98B
TONGLING NONFERROUS METALS GROUP CO.,LTD.	+10.06%	6.44B
CAPSTONE COPPER CORP.	+60.78%	5.72B
HINDUSTAN COPPER LIMITED	+20.36%	3.83B