Investor Update

The Board of Western Australia Energy Resources Limited (ACN 658 425 754) (Company) advises that due to current market conditions, it has resolved to withdraw its initial public offering (IPO) and will not proceed with its ASX listing process at this time (refer to replacement prospectus with the ASIC for the Capital Raising Offer on 11 September 2023 (Replacement Prospectus), supplementary prospectus lodged with ASIC on 11 December 2023 (Fifth Supplementary Prospectus) and supplementary prospectus lodged on 20 February 2024 (Sixth Supplementary Prospectus) – together referred to as the Prospectus).

Prior to accessing the Prospectus through this website, you must ensure that you have read, understood and accepted the terms and conditions contained on this website.

Terms and Conditions

You must read these terms and conditions of access (Terms) before you attempt to access the Prospectus.

The paper form of the Prospectus is available electronically through this website. A hard copy of the Prospectus can be requested from the Company free of charge. If you request an electronic copy or hard copy of the Prospectus, you are not obliged to subscribe for Shares under the Capital Raising Offer.

Neither ASIC nor ASX Limited, nor any of their officers, take any responsibility for the contents of the Prospectus. Furthermore, to the extent permitted by law, the Company is not liable for any loss incurred for your reliance on these Terms or this website, including from data corruption on download of the Prospectus. These Terms and anything contained on this website does not form part of the Prospectus or the Capital Raising Offer.

The distribution of the Prospectus outside of Australia may be restricted by law. No action has been taken by the Company to register or qualify the Prospectus or the Capital Raising Offer or to otherwise permit an offering of Shares in any jurisdiction outside Australia or New Zealand. Neither the Prospectus nor the Capital Raising Offer has been or will be registered under the United States Securities Act of 1933 or any other securities laws within the United States. Accordingly, none of the Shares which are subject to the Capital Raising Offer may be offered, sold or resold in the United States or for the account or benefit of a United States resident.

People who are resident in countries outside Australia should consult with their professional advisers to determine whether any governmental or other constraints exist or whether any formalities are required to be followed. The submission of an Application Form by a person will be taken to constitute a representation and warranty that there has been no breach of such laws and that all necessary approvals and consents have been obtained.

Nothing contained in these Terms, on this website or in the Prospectus constitutes financial, investment, legal, business, tax or other advice.In particular, the information contained in these Terms, on this website and in the Prospectus does not consider your investment objectives, financial situation or particular needs. In making an investment decision, you must rely on your own examination of the Prospectus, including the merits and risks involved. You should consult your professional adviser for financial, legal, business or tax advice.

By clicking “I Accept”, you acknowledge that:

• you have read, understood and agree to these Terms;
• you are an Australian resident and are requesting a copy of the Prospectus from within Australia;
• if you are a non-Australian resident, you have consulted with your professional adviser as to whether any other formalities need to be considered and followed before accessing the Prospectus; and
• you will not pass onto any other person the Application Form unless it is attached to or accompanied by the completed unaltered electronic Prospectus.