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Press Release

Oryx Global Partners Consortium Provides Update on Kenmare Resources Transaction

London, Abu Dhabi, 19 June 2025 – Oryx Global Partners Limited (“Oryx”), together with Michael Carvill (the “Consortium”), today confirms that, after a lengthy process and detailed due diligence consideration, it will not be proceeding with an offer for Kenmare Resources plc (“Kenmare”), and has terminated all engagement with Kenmare regarding a potential transaction.

Following a comprehensive due diligence process and after accounting for its findings, the Consortium was unable to reach alignment with Kenmare on its updated valuation and as a result the Consortium has ceased engagement.

Oryx Global Partners remains committed to its strategy of investing in high-quality assets that support the global energy transition and secure critical mineral supply chains and will continue with its measured and disciplined approach to investment selection. The Consortium wishes Kenmare and its stakeholders every success in delivering the Wet Concentrator Plant A upgrade project and extension of the Implementation Agreement.

Notes to Editors  

For more information, contact:

Camarco:

Gordon Poole
Georgina Whittle
Amrith Uppuluri
oryx@camarco.co.uk

About Oryx Global Partners Limited

Oryx Global Partners is a specialist investment firm dedicated to facilitating the energy transition and securing supply chains through strategic investments in the minerals value chain.

The Oryx team, composed of financial, technical, and operational experts with extensive resources and investment management experience, utilises a proven investment process to identify high-quality investments and deliver significant operational value-add.

Oryx is committed to delivering attractive returns to its investors and a net positive impact through its operations. Their responsible and sustainable approach enables Oryx to create lasting value through industry that benefits both its investors and broader stakeholders.