TP25/054
The Panel has accepted an undertaking from New World Resources Limited (NWC) in relation to the application dated 1 July 2025 by Kinterra Capital GP Corp II in its capacity as general partner of Kinterra Critical Materials & Infrastructure Opportunities Fund II LP (see TP25/052).
NWC has undertaken not to issue any NWC shares to Central Asia Metals PLC or any of its associates pursuant to the placement announced by NWC on 20 June 2025 without the prior consent of the Panel.
The undertaking has effect until the earlier of the determination of the proceedings and 2 months from the date of the undertaking.
A copy of the undertaking is attached.
Tania Mattei
General Counsel, Takeovers Panel
Level 16, 530 Collins Street
Melbourne VIC 3000
Ph: +61 3 9655 3500
takeovers@takeovers.gov.au
Annexure A
Australian Securities and Investments Commission Act 2001 (Cth) Section 201A
Undertaking
New World Resources Limited 02
New World Resources Limited (NWC) undertakes to the Panel that it will not, without the prior consent of the Panel, issue any NWC shares to Central Asia Metals PLC or any of its associates pursuant to the placement announced by NWC on 20 June 2025.
This undertaking ceases to apply on the earlier of:
- the determination of the proceedings in the matter of New World Resources Limited 02; and
- 2 months from the date of this undertaking.
Executed by Nicholas Woolrych, Managing Director & CEO of New World Resources Limited
by authority of its directors
Dated: 3 July 2025
