Issuance of LTIPs

About this update from Arc Minerals Limited

7 April 2025, 07:30 UTC   The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (MAR) as in force in the United Kingdom pursuant to the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service (RIS), this inside information will be in the public domain .   Arc Minerals Ltd ('Arc' or the 'Company') Issuance of LTIPs   Arc Minerals (LSE: ARCM), announces the award of long term incentives to the board and senior management.   Long Term Incentives Following a 5-year period during which the Company did not issue any options or share awards to management, the Board has deemed it appropriate to approve equity incentives to ensure that management is aligned with shareholders' long-term interests. The Board has approved the issuance of a combination of restricted stock units and share options, equating to 5.5% of the issued share capital (being 3% of the issued share capital in respect of LTIPs issued to directors). The Restricted Stock Units ("RSUs") granted to the executive director and senior management are performance-based, will have a five-year term, and will vest in three equal tranches subject to the achievement of share price targets of 2.5p, 4p, and 6p over a three-year period, with the following additional performance-based acceleration milestones:   -    in relation to the Anglo JV, Anglo exercising their option to accelerate Phase 1; or -    a Zambia Discovery, defined as a new resource where at least three holes drilled each assayed more than 50m% CuEq. (100m @ 0.5% Cu; 25m @ 2% Cu); or -    a Botswana Discovery, defined as a new resource where at least three holes drilled each assayed more than 25m% CuEq. (10m @ 2.5% Cu).   In addition, share options over ordinary shares in the Company ("Options") will be issued to directors and senior management as set out below. The Options will have an exercise price of 2.5p, will vest equally over three years and will be exercisable at any time after vesting and during the term of five years. The RSUs and Options have been awarded as follows:   Restricted Stock Units Share Options Nicholas von Schirnding Executive Chairman 21,856,494 14,570,996 Vassilios Carellas Chief Operating Officer 10,928,247 7,285,498 Ian Lynch Chief Financial Officer 10,928,247 7,285,498 Rémy Welschinger Non-Executive Director n/a 3,642,748 Valentine Chitalu Non-Executive Director n/a 3,642,748     For further information contact: Arc Minerals Ltd Nick von Schirnding (Executive Chairman) [email protected] Zeus ( Nominated Adviser & Joint Broker) Katy Mitchell/Harry Ansell Tel: +44 (0) 20 3829 5000 Shard Capital Partners LLP (Joint Broker) Damon Heath Tel: +44 (0) 20 7186 9952                                                    For more information, visit  www.arcminerals.com .   1 Details of the person discharging managerial responsibilities / person closely associated a) Name 1.    Nicholas von Schirnding 2.    Vassilios Carellas 3.    Ian Lynch 4.    Rémy Welschinger 5.    Valentine Chitalu 2 Reason for the notification a) Position/status Director/PDMR b) Initial notification /Amendment Initial Notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Arc Minerals Limited b) LEI 213800XHFJVCC9GP2G75 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument Identification code   Ordinary shares of 0.1p each VGG045791016 b) Nature of the transaction Issue of RSUs and Share Options c) Price(s) and volume(s)   Price Volume (a)  Nicholas von Schirnding RSU 1.   2.5p 2.   4p 3.   6p Share Options 2.5p     1.   7,285,498 2.   7,285,498 3.   7,285,498   14,570,996   (b)  Vassilios Carellas   RSU 1.   2.5p 2.   4p 3.   6p Share Options 2.5p         1.   3,642,749 2.   3,642,749 3.   3,642,749   7,285,498 (c)   Ian Lynch   RSU 1.   2.5p 2.   4p 3.   6p Share Options 2.5p         1.   3,642,749 2.   3,642,749 3.   3,642,749     7,285,498 (d)  Rémy Welschinger   2.5p     3, 642,748 (e)  Valentine Chitalu Share Options 2.5p     3,642,748 d) Aggregated information       Price Volume (a)  3.5p 36,427,490 (b)  3.5p 18,213,745 (c)  3.5p 18,213,745 (d)  2.5p 3, 642,748 (e)  2.5p 3,642,748     e) Date of the transaction 7 April 2025 f) Place of the transaction Off market   Forward-looking Statements This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterised by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such factors include, among others: the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; possible variations in ore grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; and fluctuations in metal prices. There may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.   Background on the Joint Venture with a subsidiary of Anglo American   Arc Minerals has entered into a Joint Venture Agreement with a subsidiary of Anglo American on its Zambian Copper Project (ZPC) comprising a number of licenses covering circa 870km 2  ha in the North Western Province, in the Domes region of the Zambian Copperbelt near world-class mines such as First Quantum Minerals' Sentinel and Kansanshi copper mines and Barrick's Lumwana mine.   The license areas are located approximately 900 km from Lusaka, in Mwinilunga, North Western Province, and is well within the trending arm of the major geological structure known as the Lufilian Arc (Copperbelt), on the western flank of the Kabompo Dome.   The Copperbelt is home to all the major copper mines in Zambia and these licenses represent one of the last dome-related areas in Zambia yet to be explored in any detail.   Under the agreement, Anglo American can an earn-in on the ZCP by making a number of project expenditures and assume operator ship of the project. The details of the agreement are set out below: ·      Phase 1 - Anglo will pay $14.5M in staged cash payments to Unico Minerals Ltd (67% owned by Arc) and invest up to $24m in exploration expenditures (total $38.5M) within three years and 180 days of the signing of the Agreement (RNS 20.04.23) to secure a 51% interest in ZCP. ·      Phase 2 - Anglo may elect to increase its interest in the ZCP to 60% by investing a further $20M (total $58.5M) within two years of the completion of Phase 1. ·      Phase 3 - Anglo may elect to increase its interest in the ZCP to 70% by investing a further $30M (total $88.5M) within two years of the completion of Phase 2.   **ENDS**

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