Ann: Annual Report to Shareholders, page-2

If the market sells down to a silly share price then wa1 should takeover as they would be buying a share of themselves and some good exploration ground … wa1 also have the money to explore



Tali Resources Pty LtdTali is a private company which is 40% owned by Agrimin and is focused on exploration in the West Arunta regionof Western Australia. Tali holds one of the largest and most prospective tenement packages in the West Arunta(Figure 2). Tali also owns 13% of WA1 Resources Ltd (ASX: WA1), which had a carrying value of interest in associateof $46.4m as at 30 June 2024 for Agrimin’s 40% interest in Tali.During the year, Agrimin announced that the Farm-in and Joint Venture Agreement between Tali and Rio TintoExploration Pty Limited (“Rio Tinto”), as announced to the ASX by Agrimin on 12 March 2021, had been terminated.As a result, Tali has regained 100% ownership of the five relevant Exploration Licences. In consideration, Tali hasexecuted a Royalty Deed to grant to Rio Tinto a 1.25% net smelter return royalty from the sale of any mineralsextracted from the five Exploration Licences that were previously the subject of the Farm-in and Joint VentureAgreement.16 | Agrimin Limi