LARISORO MANGANESE MINE ▪ initial mining and processing operations commenced in Q1 2024 ▪ long-term offtake agreement signed in 2024 ▪ Exports sales of an initial 476 tonnes of manganese at an average grade of 37% manganese ("Mn") from the stockpiled manganese ore in Nairobi was completed under the management of GIM and with SGLGroup ▪ increased production and sales of a highgrade manganese product in H2 2024 ▪ Low cost and high margin and processing mining operation ▪ Acquisition of new mobile mining equipment; a Front-End Loader ZWL33G, Crawler Excavator ZE245EPro and Hydraulic Hammer ▪ The arrival and use of this equipment will give the Company the operating capacity to achieve its target monthly manganese ore production and processing rates to an initial 10,000 tonnes Processing plant upgrades and open pit mine operations underway Exploration work has commenced to expand and better define highgrade resources Historical assay results have confirmed a high value product of +37% Mn Sales scheduled to continue in H2 2024 from the planned low cost operation
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