Zeta Resources' Investment Update

Zeta Resources Limited (ASX:ZER) has announced a significant material transaction regarding its investment in Koumbia Bauxite Investments Ltd (KBI). The company expects to receive approximately USD 41 million from the termination of KBI's commercialisation deed with Alliance Mining Commodities Ltd (AMC). This payment aligns with Zeta's net tangible asset backing statement as of 30 September 2024 and will increase the company's available cash for new investment opportunities to around AUD 70 million.

Executive Commentary

Zeta Resources is pleased to announce the anticipated receipt of approximately USD 41 million from the termination of KBI's commercialisation deed with AMC. This transaction is in line with our commitment to maximizing total returns for our shareholders by identifying and investing in undervalued resource assets and companies. The additional cash will enhance our financial flexibility and enable us to pursue new investment prospects that align with our investment aim.

Summary of Announcement

Zeta Resources (ASX:ZER) anticipates receiving USD 41 million from the termination of its investment in Koumbia Bauxite Investments Ltd (KBI), enhancing its cash reserves for new investment opportunities. The company's ongoing progress in the compulsory acquisition process is expected to lead to a formal compulsory acquisition notice at a price equal to Zeta's net tangible asset per share. This announcement reflects Zeta's commitment to maximizing shareholder returns and its focus on identifying undervalued resource assets and companies. The additional cash will provide Zeta with the financial flexibility to pursue new investment prospects that align with its investment aim.