Crestlink – Aztec Resources

WA-80044

Crestlink Koolan Pty Ltd (**Crestlink Koolan**) proposes to acquire 100% of the shares in MGX Resources Limited's (**MGX**) wholly owned subsidiary, Aztec Resources Limited, which through its subsidiaries holds the Koolan Island iron ore mining assets (the **Acquisition**). Crestlink Koolan is part of the Crestlink Group. The Crestlink Group is an Australian infrastructure and logistics provider with a focus on the Kimberley region and northern Australia. The Crestlink Group is backed by US infrastructure investor Cerberus Capital Management LP. Koolan Island has approached the natural end of its iron ore production and shipping operations, which were completed in July 2026. As part of the Acquisition, Crestlink Koolan will assume responsibility for the remaining mine rehabilitation obligations at Koolan Island. MGX is already undertaking substantial earthworks to remediate disturbed areas, with the remaining rehabilitation obligations at completion primarily related to the site's key infrastructure assets. Crestlink Koolan is establishing a logistics hub in the Kimberley region.