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RNS Number : 3082P

MOD Resources Limited

09 October 2019

9 October 2019

MOD Resources Limited

("MOD" or the "Company")

Suspension from Official Quotation

MOD Resources Ltd (ASX/LSE:MOD) (Company or MOD), advises that its securities will be suspended from quotation on the Australian Securities Exchange at the close of trading, today Wednesday 9 October 2019, in accordance with Listing Rule 17.2, following lodgment of the Supreme Court of Western Australia orders with the Australian Securities and Investments Commission approving the scheme of arrangement by which Sandfire Resources NL will acquire all of the issued shares in MOD.

The full PDF version of the announcement is available on the Company's website at: https://www.modresources.com.au/announcements.

For and on behalf of the Board.

 
Julian Hanna                Mark Clements 
 Managing Director           Executive Chairman and Company 
                             Secretary 
Jeff Sansom                 Jos Simson / Emily Moss (UK PR 
 Investor Relations          & IR) 
 E: IR@modresources.com.au   Tavistock 
 P: +61 (8) 9322 8233        P: +44 (0) 207 920 3150 
                             P: +44 (0) 778 855 4035 
                             E: MOD@tavistock.co.uk

Subscribe at: www.modresources.com.au

About MOD Resources

MOD Resources Ltd (ASX/LSE: MOD) is a dual listed copper exploration and development company with a dominant land position within the Kalahari Copper Belt in Botswana. The Company is focussed on developing the 100% MOD owned T3 Copper Project, which has potential to be a high-margin, low-cost copper mine. In parallel with the progressing towards the development of the T3 Copper Project, MOD has undertaken substantial exploration programs across several priority drill targets and within untested areas of interesting and potentially significant Electromagnetic and Cu-Zn soil anomalies.

MOD and its in-country operating companies Tshukudu Metals Botswana (Pty) Ltd and Tshukudu Exploration (Pty) Ltd have a social licence to operate within Botswana as well as within the host community of Ghanzi. MOD continues to work collaboratively with Government regulators and members of the Ghanzi District community to ensure that any social investments and developments are targeted to create a positive and lasting legacy.

On 25 June 2019, the Company announced Sandfire had made an offer to acquire 100% of MOD shares by way of a Scheme of Arrangement.

-ENDS-

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