New World Resources : Notice of General Meeting/Proxy Form

For personal use only

ACN 108 456 444

NOTICE OF MEETING

AND EXPLANATORY STATEMENT

This Notice of Meeting and Explanatory Statement should be read in its entirety.

If Shareholders are in doubt as to how they should vote, they should seek advice from their

accountant, solicitor or other professional adviser without delay.

Should you wish to discuss the matters in this Notice of Meeting please do not hesitate to contact

the Company Secretary on +61 8 9226 1356.

For personal use only

IMPORTANT INFORMATION IN REGARD TO SHAREHOLDER MEETING VOTING

Notice is hereby given that a general meeting of Shareholders of New World Resources Limited (New World) will be held at Level 2, 40 Kings Park Road, West Perth WA 6005 on Thursday, 14 April 2022 at 10.00am (WST) (Meeting).

Based on the information available at the date of the Notice of Meeting, the Board considers that it will be in a position to hold a physical meeting with appropriate measures in place to comply with Federal and State COVID-19 restrictions regarding gatherings. However, New World strongly encourages Shareholders to submit completed Proxy Forms prior to the Meeting in accordance with the instructions set out in the Proxy Form and the Notice. The Board also advises Shareholders to monitor New World's website and ASX announcements for any updates in relation to the Meeting that may need to be provided.

In accordance with the Corporations Amendment (Meetings and Documents) Act 2021 (Cth), New World will not be sending hard copies of the Notice of Meeting to Shareholders. Instead, Shareholders can access a copy of the Notice at the following link:

https://newworldres.com/wp-content/uploads/NoticeOfGeneralMeeting14April22.pdf

How Shareholders Can Participate

1. Shareholders are urged to appoint the Chair as their proxy. Shareholders can complete the Proxy Form to provide specific instructions on how a Shareholder's vote is to be cast on each item of business and the Chair must follow the Shareholder's instructions. Lodgement instructions (which include the ability to lodge proxies electronically) are set out in the Proxy Form attached to the Notice. If a person other than the Chair is appointed as proxy, the proxy will revert to the Chair in the absence of the appointed proxy holder's attendance at the Meeting. Your proxy voting instructions must be received by 10.00am (WST) on Tuesday, 12 April 2022.
2. Shareholders may submit questions in advance of the Meeting by email to the Company Secretary at icunningham@newworldres.com. Responses will be provided at the Meeting in respect of all valid questions received prior to 10.00am (WST) on Tuesday, 12 April 2022. Shareholders who physically attend the Meeting, will also have the opportunity to submit questions during the Meeting.

Shareholders should contact the Company Secretary on +61 8 9226 1356 or by email at icunningham@newworldres.com if they have any queries in relation to the Meeting arrangements.

If the above arrangements with respect to the Meeting change, Shareholders will be updated via the ASX Market Announcements Platform and on New World's website at www.newworldres.com.

C O N T E N T S

I M PORTA NT I N FORMA TI ON useTime and place of Meeting

The General Meeting of the Shareholders to which this Notice of Meeting relates will be held at 10.00am (WST) on Thursday, 14 April 2022 at:

personalYour vote is important

The business of the Meeting affects your shareholding and your vote is important.

Voting eligibility

New World may specify a time, not more than 48 hours before the Meeting, at which a "snap-shot" of Shareholders will be taken for the purposes of determining Shareholder entitlements to vote at the Meeting.

New World's Directors have determined that all Shares of New World that are on issue at 12.00pm (WST) on Tuesday, 12 April 2022 shall, for the purpose of determining voting entitlements at the Meeting, be taken to be held by the persons registered as holding the Shares at that time.

Voting in person

To vote in person, attend the Meeting at the time, date and place set out above. However, New World strongly encourages all Shareholders to participate in the Meeting by reading the Notice carefully and voting by proxy in accordance with instructions below.

ForVoting by proxy

Shareholders are strongly urged to appoint the Chair as their proxy. Shareholders can complete the Proxy Form to provide specific instructions on how a Shareholder's vote is to be cast on the relevant item of business, and the Chair must follow Shareholder's instructions. Lodgement instructions (which include the ability to lodge proxies online) are set out in the Proxy Form attached to this Notice of Meeting. If a person other than the Chair is appointed as proxy, the proxy will revert to the Chair in the absence of the appointed proxy holder's attendance at the Meeting. Proxy Forms must be received prior to 10.00am (WST) on Tuesday, 12 April 2022.

B USI NE S S O F THE MEETI NG

AGENDA

2. RESOLUTION 2 - AMENDMENT TO CONSTITUTION

personalIAN CUNNINGHAM COMPANY SECRETARY 14 March 2022

For

E X PL ANATO RY S TATE ME N T

This Explanatory Statement has been prepared to provide information which the Directors believe to be material to Shareholders in deciding whether or not to pass the Resolutions which are the subject of the business of the Meeting.

onlyUnless stated otherwise, variable information (such as the number of Shares on issue, market capitalisation and Share price) is as at the date of the Notice of Meeting.

1.

1.1

1.1.1 Background

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