Bligh Capital (“Bligh”) was responsible for procuring the Offer...

Bligh Capital (“Bligh”) was responsible for procuring the Offer from MBL and has been engaged to secure
the requisite equity component. Bligh has advised that it has engaged with several parties who have
indicated a desire to provide all or part of the planned US$15 million equity.

The Company expects the
equity issue to be made at a

premium

to the closing price of IDM shares on ASX
prior to the most recent request for a trading halt

and conditional upon the irrevocable commitment for a
minimum of US$30 million debt facility.