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RNS Number : 9685N

MOD Resources Limited

27 September 2019

27 September 2019

MOD Resources Limited

("MOD" or the "Company")

Form 603 - Notice of initial substantial shareholder

MOD Resources Ltd, (ASX/LSE: MOD) the copper exploration and development company focused on the central Kalahari Copper Belt in Botswana, advises that Athos Capital Limited ("Athos") has issued a Form 603 to the Australian Securities Exchange.

The Form 603 titled Notice of initial substantial holder' indicates that Athos holds 24,869,165 common stock or 7.31% of total common stock.

The full PDF version of the Form 603 is available on the Company's website at: https://www.modresources.com.au/announcements

For and on behalf of the Board.

   Julian Hanna                         Mark Clements 
   Managing Director                  Executive Chairman and Company Secretary 
   Jeff Sansom                          Jos Simson / Emily Moss (UK PR & IR) 
   Investor Relations                   Tavistock 
   +61 9322 8233                        +44 207 920 3150 
   IR@modresources.com.au    MOD@tavistock.co.uk

Subscribe at: www.modresources.com.au

About MOD Resources

MOD Resources Ltd (ASX/LSE: MOD) is a dual listed copper exploration and development company with a dominant land position within the Kalahari Copper Belt in Botswana. The Company is focussed on developing the 100% MOD owned T3 Copper Project, which has potential to be a high-margin, low-cost copper mine. In parallel with the progressing towards the development of the T3 Copper Project, MOD has undertaken substantial exploration programs across several priority drill targets and within untested areas of interesting and potentially significant Electromagnetic and Cu-Zn soil anomalies.

MOD and its in-country operating companies Tshukudu Metals Botswana (Pty) Ltd and Tshukudu Exploration (Pty) Ltd have a social licence to operate within Botswana as well as within the host community of Ghanzi. MOD continues to work collaboratively with Government regulators and members of the Ghanzi District community to ensure that any social investments and developments are targeted to create a positive and lasting legacy.

On 25 June 2019, the Company announced Sandfire had made an offer to acquire 100% of MOD shares by way of a Scheme of Arrangement.

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September 27, 2019 06:11 ET (10:11 GMT)

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