Weatherly International PLC Berg Aukas Update (1820R)

TIDMWTI

RNS Number : 1820R

Weatherly International PLC

13 June 2018

13 June 2018

The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

Weatherly International plc (AIM:WTI)

("Weatherly" or the "Company")

Berg Aukas Update

Further to the announcements of 5 February 2018 and 26 April 2018, Weatherly is pleased to announce that it has received regulatory approval, from the Namibian Competition Commission, in relation to its acquisition of a further 65% interest in China Africa Resources Namibia Limited ("CARN") (the "Acquisition").

All conditions precedent to the Acquisition have therefore now been satisfied and the Acquisition has therefore completed in accordance with the terms of the binding agreement between the Company and Hong Kong East China Non-Ferrous Mineral Resources Co Ltd.

Accordingly, the Company now has a 90% interest in CARN, which owns 100% of the high-grade Berg Aukas underground zinc-lead-vanadium project near Grootfontein.

The Company remains in administration and its ordinary shares remain suspended from trading on AIM.

Further announcements will be made as required.

For further information please contact:

   FTI Consulting LLP                                          [phone] 

(Administrators)

Simon Kirkhope / Andrew Johnson

   Strand Hanson Limited                                    [phone] 

(Nominated Adviser & Broker)

Rory Murphy / James Dance / Jack Botros

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June 13, 2018 02:00 ET (06:00 GMT)