• Warriedar to be acquired by Capricorn Metals via court-approved scheme of arrangement
• Independent Expert concludes schemes are fair and reasonable
• Warriedar Board unanimously recommends shareholders vote in favor of schemes
• Scheme meetings scheduled for November 6, 2025

Warriedar Resources Ltd (ASX: WA8) has announced that it has completed the dispatch of a scheme booklet to its securityholders regarding the proposed acquisition of 100% of Warriedar by Capricorn Metals Ltd (ASX: CMM) via court-approved schemes of arrangement. The scheme booklet contains important information about the schemes, including the reasons why shareholders may wish to vote in favor or against the scheme resolutions, and details on Capricorn's intentions for the enlarged group. The Independent Expert has concluded that the share scheme and option scheme are fair and reasonable and in the best interests of Warriedar shareholders and listed optionholders, respectively, in the absence of a superior proposal. The Warriedar Board unanimously recommends that securityholders vote in favor of the relevant scheme, in the absence of a superior proposal and subject to the Independent Expert continuing to conclude that the schemes are in the best interests of the relevant securityholders. The scheme meetings are scheduled to be held on November 6, 2025, with the share scheme meeting at 3:00pm AWST and the option scheme meeting at the later of 4:00pm AWST and the conclusion of the share scheme meeting. If the schemes are approved, Warriedar will apply to the Court for orders approving the schemes, with an indicative timetable for implementation provided.