KEY INFORMATION

Lowell Resources Fund

[ARSN 093 363 896]

A Specialist Fund Investing in Emerging Mining & Energy Companies

PRODUCT DISCLOSURE STATEMENT

An offer of Units and 1 for 1 free attaching unlisted options at an Issue Price of $1.35 per Unit to raise up to approximately $13.2 million before costs of the Offer. Eligible Existing Unitholders at the Record Date will receive an offer to accept new Units (and free attaching options) on a 1 for 3 basis (the Offer). The Offer closes at 5pm Melbourne, Victoria time on 2 September 2022 (which date may change without notice). Each unlisted free attaching option will have an exercise price of $1.65, an expiry date of 4 March 2024, and will, upon exercise, entitle the holder to one Unit.

Responsible Entity

Cremorne Capital Limited [ACN 006 844 588] [AFSL 241175]

Investment Manager

Lowell Resources Funds Management Ltd [ACN 006 769 982] [AFSL 345674]

Lead Manager

MP Capital Partners Pty Ltd ACN 159 200 503 AFSL 443025

THIS DOCUMENT IS IMPORTANT AND SHOULD BE READ IN ITS ENTIRETY It is important that you read this PDS carefully before deciding whether to accept or apply for Units and free attaching options described in this PDS. If you do not understand its contents you should consult your stockbroker, accountant or other professional adviser. The securities offered under this PDS are considered speculative.