MINING AND PROCESSING ▪ Detailed design work completed for the installation and commissioning of a modular copper processing plant ▪ Run-of-mine feed from conventional open pit mining focused on the shallow and high-grade copper mineralisation in the Takela 1, 2, 3, 4 and 12 pits ▪ Initial mining and processing works to run in parallel with ongoing exploration work ▪ Major processing options reviewed in Q2 2024 to maximise recoveries and copper ▪ Processing plant to now include additional milling and leaching circuit to produce a higher value copper cement ▪ Processing plant capacity to be increased in parallel with ongoing exploration work ▪ Off-take negotiations advanced for sale of copper concentrates to UK-based and global trading commodity groups ▪ Site works and upgrades to infrastructure accelerated in Q4 2024 ▪ Plant construction and commissioning in H1 2025 First copper sales and revenues in late H2 2024 52
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