# EDGAR Filing Document

**Accession Number:** 0002039972
**File Stem:** 0001104659-26-032255
**Filing Date:** 2026-3
**Character Count:** 25439
**Document Hash:** ec49c371d68b7d87b37ac179db3f7a6c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-032255.hdr.sgml**: 20260319

**ACCESSION NUMBER**: 0001104659-26-032255

**CONFORMED SUBMISSION TYPE**: F-1MEF

**PUBLIC DOCUMENT COUNT**: 17

**FILED AS OF DATE**: 20260319

**DATE AS OF CHANGE**: 20260319

**EFFECTIVENESS DATE**: 20260319

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Guardian Metal Resources PLC
- **CENTRAL INDEX KEY:** 0002039972
- **STANDARD INDUSTRIAL CLASSIFICATION:** METAL MINING [1000]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 994890935
- **STATE OF INCORPORATION:** X0
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** F-1MEF
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-294470
- **FILM NUMBER:** 26775802

**BUSINESS ADDRESS:**
- **STREET 1:** SALISBURY HOUSE
- **STREET 2:** LONDON WALL
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** EC2M 5PS
- **BUSINESS PHONE:** 44 20 3778 1396

**MAIL ADDRESS:**
- **STREET 1:** SALISBURY HOUSE
- **STREET 2:** LONDON WALL
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** EC2M 5PS

#### As filed with the Securities and Exchange Commission on March 19, 2026.

#### Registration No. 333-

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

### FORM F-1

#### REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

### Guardian Metal Resources PLC
(Exact name of Registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **United Kingdom**  | **1000**  | **N/A**  |
| (State or other jurisdiction of <br> incorporation or organization)  | (Primary Standard Industrial <br> Classification Code Number)  | (I.R.S. Employer <br> Identification Number)  |
|  | **c/o Orana Corporate LLP <br> 25 Eccleston Place <br> London SW1W 9NF <br> United Kingdom <br> +(44) 20 7078 8496**  |  |
| (Address, Including Zip Code, and Telephone Number, Including Area Code, of Registrant's Principal Executive Offices)  | (Address, Including Zip Code, and Telephone Number, Including Area Code, of Registrant's Principal Executive Offices)  | (Address, Including Zip Code, and Telephone Number, Including Area Code, of Registrant's Principal Executive Offices)  |

---

 **c/o Golden Metal Resources LLC 3800 Howard Hughes Parkway STE 1000 Las Vegas, Nevada 89169, United States of America +1 (702) 667-4854 (Name, address, including zip code, and telephone number, including area code, of agent for service)** 

#### Copies to:

---

| | |
|:---|:---|
| **Michael Kaplan <br> Connie Milonakis <br> Davis Polk & Wardwell LLP <br> 450 Lexington Avenue <br> New York, NY 10017 <br> United States of America <br> +1 (212) 450-4000**  | **Ryan J. Dzierniejko <br> Skadden, Arps, Slate, Meagher & Flom LLP <br> One Manhattan West <br> New York, NY 10001 <br> United States of America <br> + 1 (212) 735-3000**  |

---

**Approximate date of commencement of proposed sale to the public**: As soon as practicable after the effective date of this registration statement.

If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box. ☐

If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☒

(File No. 333-293793)

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933.

Emerging growth company ☒

If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards† provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

#### The Registration Statement shall become effective upon filing in accordance with Rule 462(b) promulgated under the Securities Act of 1933, as amended.
†

The term "new or revised financial accounting standard" refers to any update issued by the Financial Accounting Standards Board to its Accounting Standard Codification after April 5, 2012.

------

#### EXPLANATORY NOTE
Guardian Metal Resources PLC, an English public limited company incorporated under the laws of England and Wales (the "Registrant"), is filing this Registration Statement with the Securities and Exchange Commission (the "Commission") pursuant to Rule 462(b) under the Securities Act of 1933, as amended. This Registration Statement relates to the public offering of securities contemplated by the Registration Statement on Form F-1, as amended (File No. 333-293793) (the "Prior Registration Statement"), which the Commission declared effective on March 19, 2026.

The Registrant is filing this Registration Statement for the sole purpose of increasing the aggregate offering price of ordinary shares represented by American Depositary Shares ("ADSs") to be offered in the public offering by $11,499,310, which includes additional ordinary shares represented by ADSs that the underwriters have the option to purchase. The additional ordinary shares represented by ADSs that are being registered for issuance and sale are in an amount and at a price that together represent no more than 20% of the maximum aggregate offering price set forth in the Calculation of Registration Fee table contained in the Prior Registration Statement. The required opinion and consents are listed in Part II, Item 8 of this Registration Statement and filed herewith. The information set forth in the Prior Registration Statement, and all exhibits to the Prior Registration Statement, are hereby incorporated by reference into this Registration Statement.

------

#### PART II INFORMATION NOT REQUIRED IN PROSPECTUS

#### Item 8. Exhibits and Financial Statement Schedules.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a)

The Exhibit Index is hereby incorporated herein by reference.

------

#### EXHIBIT INDEX

---

| | |
|:---|:---|
| **Exhibit No.**  | **Description**  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.1 | [Opinion of Haynes and Boone CDG LLP, counsel to the Registrant, as to the validity of the ordinary shares underlying the ADSs (including consent)](tm2532978d18_ex5-1.htm) |
| &nbsp;&nbsp;&nbsp;&nbsp;23.1 | [Consent of PKF Littlejohn LLP an independent registered public accounting firm](tm2532978d18_ex23-1.htm)  |
| &nbsp;&nbsp;&nbsp; 23.2 | [Consent of RESPEC Company LLC](tm2532978d18_ex23-2.htm)  |
| &nbsp;&nbsp;&nbsp; 23.3 | [Consent of Argus Media Group](tm2532978d18_ex23-3.htm)  |
| &nbsp;&nbsp;&nbsp; 23.4 | [Consent of Haynes and Boone CDG LLP (included in Exhibit 5.1)](tm2532978d18_ex5-1.htm)  |
| &nbsp;&nbsp;&nbsp; 24.1 | [Power of Attorney (included on signature page to the Registration Statement on Form F-1, File No. 333-293793)](https://www.sec.gov/Archives/edgar/data/2039972/000110465926020524/tm2532978-6_f1.htm#tSIG)  |
| &nbsp;&nbsp;&nbsp;&nbsp;107 | [Filing Fee Table](tm2532978d17_ex-filingfees.htm)  |

---

------

#### SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form F-1 and has duly caused this registration statement this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in London, United Kingdom on March 19, 2026.

#### GUARDIAN METAL RESOURCES PLC
By:

/s/ Oliver Friesen

Name:

Oliver Friesen

Title:

Chief Executive Officer

------

Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons on March 19, 2026 in the capacities indicated:

---

| | |
|:---|:---|
| **Name**  | **Title**  |
| /s/ Oliver Friesen <br>Oliver Friesen  | Chief Executive Officer and Director <br> (Principal Executive Officer)  |
| /s/ Benjamin James Hodges <br>Benjamin James Hodges  | Finance Director <br> (Principal Financial Officer and <br> Principal Accounting Officer)  |
| \* <br>Jason Thomas Starzecki  | Executive Chairman and Director  |
| \* <br>Mark Burnett  | Director  |
| \* <br>Michael X. Schlumpberger  | Director  |

---

\*By:

/s/ Oliver Friesen

Oliver Friesen

------

#### SIGNATURE OF AUTHORIZED U.S. REPRESENTATIVE
Under the Securities Act of 1933, as amended, the undersigned, the duly authorized representative in the United States of Guardian Metal Resources PLC, has signed this Registration Statement on March 19, 2026.

#### Golden Metal Resources LLC
By:

/s/ Jason Thomas Starzecki

Name:

Jason Thomas Starzecki

Title:

Authorized Signatory

------

## Exhibit 5.1

**Exhibit 5.1**

19 March 2026

Guardian Metal Resources PLC

c/o Orana Corporate Llp

25 Eccleston Place,

London SW1W 9NF

United Kingdom

Re: Guardian Metal Resources PLC <br> Registration Statement on Form F-1MEF

Ladies and Gentlemen:

We have acted as English legal adviser to Guardian Metal Resources PLC, a public limited company organised under the laws of England and Wales (the "**Company**") , in connection with the preparation of the Company's registration statement on Form F-1MEF, under the Securities Act of 1933, as amended (the "**Securities Act**"), filed with the Securities and Exchange Commission (the "**Commission**") on 19 March 2026 (the "**Registration Statement**"). The Registration Statement relates to the offering and sale of 4,444,400 American Depositary Shares ("**ADSs**"), each representing five (5) of the Company's ordinary shares, having a nominal value of £0.01 per share (the "**Ordinary Shares**") and the Ordinary Shares allotted and issued in connection therewith to Guaranty Nominees Ltd (the "**Custodian's Nominee**") of JPMorgan Chase Bank, N.A. (the "**Custodian**"), and represented by the ADSs, together with any Ordinary Shares allotted and issued in connection with additional ADSs proposed to be sold pursuant to an over-allotment option granted by the Company to the several underwriters (the "**Underwriters**") named in Schedule I to the Underwriting Agreement (the "**Underwriting Agreement**") to be entered into by and among the Company and the Underwriters, being the "**Shares**".

In rendering the opinion set forth herein, we have examined (i) a copy of the Company's Certificate of Incorporation of a Private Limited Company dated 22 April 2021; (ii) a copy of the Company's Certificate of Incorporation on Re-Registration of a Private Company as a Public Company dated 8 March 2022; (iii) a copy of the Company's Certificate of Incorporation on Change of Name, dated 4 July 2024; (iv) a copy of the Articles of Association of the Company filed at Companies House on 8 March 2022; (v) a copy of executed minutes of the Board of Directors of the Company and copies of executed minutes of a committee of the Board of Directors related to the filing of the Registration Statement, the approval and issuance of the Shares and related matters (the "**Allotment Minutes**"); (vi) the Registration Statement and all exhibits thereto; (vii) the form of Underwriting Agreement; (viii) a certificate executed by an officer of the Company, dated as of the date hereof; (ix) the results of an online search in respect of the Company on the Companies House company information service, including a dissolved company search, made at 9:20 a.m. (London time) on 19 March 2026; and (x) such other records, documents and instruments as we deemed relevant and necessary for purposes of the opinion stated herein.

We have relied upon such certificates of officers of the Company and of public officials and statements and information furnished by officers of the Company with respect to the accuracy of material factual matters contained therein which were not independently established by us. In such examination we have assumed the genuineness of all signatures, the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents submitted to us.

We have not considered, and express no opinion herein as to, the laws of any jurisdiction other than the laws of England and Wales, as currently in effect.

In rendering the opinion set forth herein, we have assumed that, at the time of the issuance of the Shares, (i) the Registration Statement and any amendments thereto (including post-effective amendments) will have become effective and will remain effective; (ii) no stop order of the Commission preventing or suspending the use of the prospectus contained in the Registration Statement will have been issued; (iii) the prospectus contained in the Registration Statement and any required prospectus supplement will have been delivered to the purchaser of the ADSs as required in accordance with applicable law; (iv) the Allotment Minutes will not have been modified or rescinded; and (v) the Underwriting Agreement will have been duly authorised and approved, as applicable, and validly executed and delivered by the parties thereto (other than the Company) and will be enforceable obligations of the parties thereto.

Based upon the foregoing, and subject to the qualifications, assumptions and limitations stated herein, we are of the opinion that upon payment and delivery in accordance with the Underwriting Agreement approved by the Pricing Committee of the Board of Directors of the Company, the Shares underlying the ADSs registered in the name of the Custodian's Nominee in the register of members of the Company and delivered as described in the Registration Statement have been duly approved and will be validly issued, fully paid, or credited as fully paid and will not be subject to any call for payment of further capital and will be non-assessable.

For the purpose of this opinion, the term "non-assessable" in relation to the Shares, which has no recognised meaning in English law, means that, under the Companies Act 2006, the Articles of Association of the Company and any resolution taken under the Articles of Association of the Company approving the issue of the Shares, no holder of such Shares is liable, by reason solely of being a holder of such Shares, for additional payments or calls for further funds by the Company or any other person.

We hereby consent to the filing of this opinion with the Commission as an exhibit to the Registration Statement. We further consent to the reference to our firm under the caption "Legal Matters" in the prospectus constituting a part of the Registration Statement. In giving this consent, we are not admitting that we are within the category of persons whose consent is required under Section 7 of the Securities Act or the rules or regulations of the Commission.

Very truly yours,

/s/ Haynes and Boone CDG LLP

## Exhibit 23.1

**Exhibit 23.1**

**CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

We hereby consent to the use in this Registration Statement on Form F-1MEF filed by Guardian Metal Resources PLC pursuant to Rule 462(b) of the Securities Act of 1933, as amended, of our report dated December 16, 2025 relating to the financial statements of Guardian Metal Resources PLC, which appears in this Registration Statement. We also consent to the reference to us under the heading "Experts" in such Registration Statement.

/s/ PKF Littlejohn LLP

PKF Littlejohn LLP

London, United Kingdom

March 19, 2026

## Exhibit 23.2

**Exhibit 23.2**

![](tm2532978d18_ex23-2img001.jpg)

RESPEC Company, LLC

3824 Jet Drive

Rapid City, SD 57703

**Consent of RESPEC Company, LLC**

In connection with the Guardian Metal Resources PLC's Registration Statement on Form F-1MEF filed with the U.S. Securities and Exchange Commission in accordance with Rule 462(b) under the Securities Act of 1933, as amended (the "Registration Statement"), the undersigned consents to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. The
 filing of the technical report summary titled "S-K 1300 Technical Report Summary Pilot
 Mountain Tungsten Project, Mineral County, Nevada, USA" (the "Pilot Mountain
 TRS"), with an effective date of December 15, 2025, as an exhibit to and referenced
 in the Form F-1MEF;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. the
 incorporation by reference of the Pilot Mountain TRS in the Registration Statement, any other
 periodic reports filed by the company, including amendments or supplements thereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. the
 use of and references to our name in connection with the Pilot Mountain TRS and the Registration
 Statement, any other periodic reports filed by the company, including amendments or supplements
 thereto; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. the
 information derived, summarized, quoted or referenced from the Pilot Mountain TRS, or portions
 thereof, that was prepared by us, that we supervised the preparation of, and/or that was
 reviewed and approved by us, that is included or incorporated by reference in the Registration
 Statement.

RESPEC Company, LLC, is responsible for authoring, and this consent pertains to, the following sections of the Pilot Mountain TRS: All sections of the report excluding Section 1.4, Section 10.0, and Section 17.0.

Report Effective Date: December 15, 2025

Consent Date: March 19, 2026

---

| |
|:---|
| /s/ Michael S. Lindholm |
| Michael S. Lindholm |
| RESPEC Company, LLC |

---

![](tm2532978d18_ex23-2img002.jpg)

## Exhibit 23.3

**Exhibit 23.3**

Argus Media Group

March 19, 2026

Guardian Metal Resources PLC

Re: Consent of Argus Media Group

Dear Sirs,

We refer to the registration statement on Form F-1MEF (the "Registration Statement") to be filed by Guardian Metal Resources PLC (the "Company") with the United States Securities and Exchange Commission (the "SEC") in accordance with Rule 462(b) under the Securities Act of 1933, as amended, in connection with its proposed initial public offering (the "Proposed IPO").

We hereby consent to the use of our name and the inclusion of information, data and statements from our industry report commissioned by the Company, entitled "Tungsten Market Outlook" dated November 17, 2025 (the "Report"), and any amendments or updates thereto, in the following: (i) the Registration Statement and any amendments, including under "Prospectus Summary," "Industry," and "Business"; (ii) written correspondence with the SEC; (iii) future SEC filings by the Company, including Forms 20-F, 6-K and other filings (collectively, the "SEC Filings"); (iv) the Company's and its affiliates' websites and publicity materials; (v) institutional and retail roadshows and related activities for the Proposed IPO; and (vi) other marketing materials in connection with the Proposed IPO.

We further consent to the filing of this letter as an exhibit to the Registration Statement, any amendments thereto, and any other SEC Filings for the purposes stated above.

---

| | |
|:---|:---|
| For and on behalf of<br> Argus Media Group | For and on behalf of<br> Argus Media Group |
| /s/ Chris Hairel | /s/ Chris Hairel |
| Name: | Chris Hairel |
| Title: | Vice President, Consulting |

---

## Ex-Filing

?xml version='1.0' encoding='ASCII'? EX-FILING FEES

---

| |
|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Calculation of Filing Fee Tables**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **F-1**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Guardian Metal Resources PLC**  |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Security Type**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Security Class Title**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Fee Calculation or Carry Forward Rule**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Maximum Aggregate Offering Price**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Fee Rate**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Amount of Registration Fee**  |
| **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** |
| Fees to be Paid | 1 | Equity | Ordinary Shares, nominal value GBP0.01 per share, represented by American depositary shares | 457(o) | $11499310.00 | 0.0001381 | $1588.05 |
| Fees Previously Paid |  |  |  |  |  |  |  |
| **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** |
| Carry Forward Securities |  |  |  |  |  |  |  |
|  |  |  | Total Offering Amounts: | Total Offering Amounts: | $11499310.00  |  | $1588.05  |
|  |  |  | Total Fees Previously Paid:  | Total Fees Previously Paid:  |  |  | $0.00  |
|  |  |  | Total Fee Offsets:  | Total Fee Offsets:  |  |  | $0.00  |
|  |  |  | Net Fee Due:  | Net Fee Due:  |  |  | $1588.05  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Offering Note** <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <sup>1</sup> American depositary shares ("ADSs'') issuable upon deposit of ordinary shares registered hereby will be registered under a separate registration statement on Form F-6 (Registration No. 333-293793). Each ADS represents five ordinary shares. Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(o) under the Securities Act of 1933, as amended. In accordance with Rule 416, the Registrant is also registering an indeterminate number of additional ordinary shares represented by ADSs that shall be issuable after the date hereof as a result of share splits, share dividends, or similar transactions. The Registrant previously registered ordinary shares represented by ADSs with a proposed maximum aggregate offering price not to exceed $57,500,000 on a Registration Statement on Form F-1, as amended (File No. 333-293793), which was declared effective by the Securities and Exchange Commission on March 19, 2026. In accordance with Rule 462(b) promulgated under the Securities Act of 1933, as amended, an additional amount of ordinary shares represented by ADSs having a proposed maximum aggregate offering price of $11,499,310 is hereby registered, which includes the additional ordinary shares represented by ADSs that the underwriters have the option to purchase.

---

| |
|:---|
| |
| **Rules 457(b) and 0-11(a)(2)** |
| Fee Offset Claims |
| Fee Offset Sources |
| **Rule 457(p)** |
| Fee Offset Claims |
| Fee Offset Sources |

---