Update on the Acquisition of the Eureka Project

1 May 2025

AJAX RESOURCES PLC

("Ajax" or the "Company")

Update on the Acquisition of the Eureka Project

Ajax, the natural resources investment company [LSE: AJAX], is pleased to provide an update on the Company's acquisition of Puna Metals S.A. ("Puna"), a company holding the mining rights for the Eureka Project located in the Republic of Argentina ("Eureka" or the "Project"), from Bezant Resources plc ("Bezant"). 

Ajax and Bezant have agreed that the completion date for the acquisition of Eureka (the "Acquisition") will occur on 21 May 2025. All other elements of the Acquisition remain as set out in the Company's announcement of 16 April 2025. The cancellation of the listing of the Company's ordinary shares of 1 pence each ("Ordinary Shares") from the Equity Shares (Shell Companies) category of the Official List and to trading on the LSE Main Market, and to proposed admission of the Ordinary Shares to the Aquis Stock Exchange Growth Market Access Category continues to be expected to take place on 20 May 2025.

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