Business
Zambia Legal Update
Arc Minerals Limited announced a positive legal development in Zambia where the High Court set aside a consent judgment that had transferred a portion of an exploration license owned by Handa Ltd to Lunda Resources Ltd. This ruling, which followed a challenge by Arc and its co-plaintiffs on grounds of natural justice and lack of involvement, removes an irregularly obtained judgment concerning an interest not considered material to Arc's portfolio, representing a significant step in addressing vexatious attempts to disrupt exploration activities. Disclaimer*
About this update from Arc Minerals Limited
18 November 2025, 15:10 UTC Arc Minerals Ltd ('Arc' or the 'Company') ZAMBIA LEGAL UPDATE Arc is pleased to provide an update on certain of the legal cases being progressed in Zambia. On 17 November 2025, the High Court in Zambia set aside in full a previously entered consent judgement which transferred a portion of an exploration license, legally owned by Handa Ltd, to Lunda Resources Ltd (the "Affected Interest"). The Affected Interest is not considered a material part of Arc Mineral's portfolio. The ruling followed a successful challenge by Arc and its co-plaintiffs on the basis that the consent judgement had been entered into without their involvement as the shareholders of Handa and contrary to principles of natural justice. This is a positive legal outcome for the Company in removing what the Company considers to have been an irregularly obtained consent judgement through overreach by a provisional receiver, whose appointment has since been stayed (see announcement dated 15 August 2025). Further updates will be provided as appropriate. Nick von Schirnding, executive chairman of Arc, commented: " The setting aside of a judgement to transfer a portion of one of our licenses represents a major step forward for Arc as we deal with a former shareholder's vexatious attempts to disrupt our exploration activities. It is of great comfort that we operate in a jurisidiction where a strong judiciary and adherence to the rule of law prevails." For further information contact: Arc Minerals Ltd Nick von Schirnding (Executive Chairman) [email protected] Zeus Capital Ltd ( 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 . **ENDS**
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