To
Armada Metals Limited
From
Simmons & Simmons LLP Projects Lawyers
Subject
Legal report on Armada Exploration Gabon SARL’s mining tenements
Date
08 November 2021
Dear Sirs, Legal Report on Armada Exploration Gabon SARL’s Mining Tenements We have been instructed by Armada Metals Limited (“AML”) to carry out a review of the mineral exploration permits G5-150 and G5-555 (the “Tenements” or “Exploration Permits”) held by Armada Exploration Gabon SARL (“AEG” or the “Company”) in the Republic of Gabon in relation to the listing of AML by the Australian Stock Exchange (ASX) (the “Report”) for inclusion in the prospectus (“Prospectus”) to be issued by AML in relation to such listing. 1.
INTRODUCTION
1.1
Scope of the Report (A)
The purpose of this Report is to: (1)
determine the good standing, or otherwise, of the Tenements; and
(2)
identify any material issues existing in respect of the Tenements.
1.2
Details of the Tenements are listed in Schedule 1 of this Report which forms part of this Report.
1.3
Assumptions (A)
In preparing this Report, we have the assumed the following: (1)
that the responses to the questions which we have put to the officers and advisers of AEG (the “Officers” and the “Advisers”) are true and accurate in all respects and have contained no material omissions;
(2)
that there are no documents, other than those which were given to us by the Officers and Advisers to review, that are relevant to the items which we examined;
(3)
the authenticity of all documents which were given to us by the Officers and Advisers;
(4)
the completeness and the conformity to original documents or instruments of all copies examined by us;
(5)
where unsigned documents have been supplied to us, the existence of validly executed versions of such documents; and
Prospectus | 159
