• Fenix Resources Ltd offers to acquire all shares in CZR Resources Ltd
• Offer consideration of 0.85 Fenix Shares per CZR Share, increasing to 0.98 Fenix Shares if Fenix acquires 75% interest by 21 March 2025
• CZR Board unanimously recommends accepting the Offer in the absence of a Superior Proposal

Fenix Resources Ltd (Fenix) has made an off-market takeover bid to acquire all of the ordinary shares in CZR Resources Ltd (CZR). The offer consideration is 0.85 Fenix Shares per CZR Share, increasing to 0.98 Fenix Shares per CZR Share if Fenix acquires a 75% Relevant Interest in CZR Shares on or before 7:00pm (AEDT) on 21 March 2025. The CZR Board unanimously recommends that CZR Shareholders accept the Offer at both the Base Offer Consideration and, if relevant, the Increased Offer Consideration, in the absence of a Superior Proposal. The Offer is dated 25 February 2025 and expires at 7:00pm (AEST) on 8 April 2025, unless extended or withdrawn. The Bidder's Statement sets out the terms and conditions of the Offer and other important information relating to the Offer. It includes information on Fenix, CZR, and the Combined Group, as well as risk factors and tax considerations for CZR Shareholders.