ann out

Minemakers Limited is pleased to announce that BBY Limited has placed 7.7 million ordinary
shares in Minemakers to institutional and sophisticated investors. The placement, at a price
of $1.50 per share, was heavily oversubscribed and will raise $11.55 million.
The investors include offshore and domestic institutional funds and high-net-worth clients of
BBY Limited.
The placement has been completed using Minemakers’ ability under ASX Listing Rules to
issue new shares up to a total equivalent of 15% of its existing issued capital within a 12
month period without prior shareholder approval.
The funds raised from the placement will be used for:
• Wonarah Rock Phosphate project pre-feasibility and feasibility.
• Purchase of long lead-time capital items for Wonarah.
• Moina multi-commodity (Fluorite, Tungsten, etc.) studies.
• Tasmanian Tin or Tin/Tungsten project advancement.
• Possible exercise of the option over the Fraser Iron Magnetite project.
• Additional working capital.