• Ramelius has successfully completed the acquisition of Spartan Resources
• All Spartan Shares have been transferred to Ramelius, and eligible Scheme Shareholders have been issued the Scheme Consideration
• Spartan will be delisted from the ASX

Ramelius Resources Limited (ASX: RMS) (Ramelius) has successfully completed the acquisition of Spartan Resources Limited (ASX: SPR) (Spartan) by way of a scheme of arrangement pursuant to Part 5.1 of the Corporations Act 2001 (Cth). All Spartan Shares have now been transferred to Ramelius, and eligible Scheme Shareholders have been issued the Scheme Consideration of 0.6957 New Ramelius Shares and $0.25 for each Spartan Share held on the Scheme Record Date. The New Ramelius Shares are expected to commence trading on the ASX on a normal settlement basis on 1 August 2025. Ineligible Shareholders have also been paid the cash component of the Scheme Consideration but will not receive New Ramelius Shares as part of the Scheme Consideration. Spartan will apply for its removal from the official list of the ASX and termination of the official quotation of its shares, which is expected to take effect from close of trading on 1 August 2025. As part of the merged group, Simon Lawson has been appointed as Non-Executive Director and Deputy Chair of Ramelius, and Deanna Carpenter has been appointed as Non-Executive Director of Ramelius. Mark Zeptner has been appointed a Director of Spartan, and Robert Vassie has been appointed a Director of Spartan. Certain executive management positions at Spartan have been made redundant, and some directors have resigned from their positions.