Released today by NWA as follows:


 
...

Released today by NWA as follows:






























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29 November 2006
Manger of Company Announcements
Australian Stock Exchange Limited
Level 6, 20 Bridge Street,
Sydney NSW 2000
By E-Lodgement
Dear Sir / Madam
DISPOSAL OF AFRICAN ASSETS
New World Alloys Limited (NWA) advises that it has entered into a heads of agreement with
Weatherly International PLC (Weatherly) for the disposal of NWA’s African assets.
Weatherly, which trades on the AIM market of the London Stock Exchange, has entered into
preliminary discussions to acquire the wholly owned subsidiaries of NWA which hold all the
African assets. The consideration for the acquisition by Weatherly is A$7,500,000. New
World Alloys is responsible for paying all outstanding liabilities of its subsidiaries prior to
completion of the transaction, estimated to be US $500,000.
The transaction is conditional, subject to due diligence by Weatherly, shareholder approval by
NWA and any other regulatory approvals that may be required by either party.
Yours faithfully
DAVID McARTHUR
Company Secretary