TIDMMOD

RNS Number : 6346N

MOD Resources Limited

25 September 2019

25 September 2019

MOD Resources Limited

("MOD" or the "Company")

Cash-settled Equity Swap

MOD Resources Ltd, (ASX/LSE: MOD) the copper exploration and development company focused on the central Kalahari Copper Belt in Botswana, advises that Athos Capital Limited ("Athos") has issued a disclosure entitled "Equity Derivatives of Athos Capital Limited" to the Australian Securities Exchange.

The notice is provided in compliance with the disclosure requirements under the Australian Takeovers Panel Guidance Note 20. As at the date of this disclosure, Athos' aggregate long exposure in MOD equates to approximately 12.31% of MOD's shares.

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 & IR) 
   Investor Relations                   Tavistock 
   +61 9322 8233                        +44 207 920 3150 
   IR@modresources.com.au    MOD@tavistock.co.uk

Subscribe at: www.modresources.com.au

About MOD Resources

MOD Resources Ltd 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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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September 25, 2019 05:59 ET (09:59 GMT)

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