Implementation of the Schemes

• Warriedar Shares and Warriedar Listed Options transferred to Capricorn Metals Ltd
• Warriedar Shareholders issued 1 New Capricorn Share for every 52.75 Warriedar Shares held
• Warriedar Listed Optionholders issued 1 New Capricorn Option for every 52.75 Warriedar Listed Options held

Warriedar Resources Ltd (ASX: WA8) has provided an update on the proposed acquisition of 100% of its fully paid ordinary shares and listed options by Capricorn Metals Ltd (ASX: CMM). The acquisition is being implemented through Court-approved share scheme of arrangement and option scheme of arrangement under Part 5.1 of the Corporations Act 2001. All Warriedar Shares and Warriedar Listed Options have now been transferred to Capricorn. Warriedar Shareholders (excluding Ineligible Foreign Shareholders and Relevant Small Parcel Holders) have been issued 1 New Capricorn Share for every 52.75 Warriedar Shares held, while Warriedar Listed Optionholders (excluding Ineligible Foreign Optionholders) have been issued 1 New Capricorn Option for every 52.75 Warriedar Listed Options held. Ineligible Foreign Holders and Relevant Small Parcel Holders will receive their proportion of the Net Proceeds under the Sale Facility. An application has been made to remove Warriedar from the official list of the ASX, which is expected to take effect on and from the close of trading on Wednesday, 26 November 2025.