KRUISRIVIER COBALT PROJECT ▪ The company acquires 51% majority interest in Mansena Kruisrivier Cobalt Proprietary Limited ("MKC") ▪ Kruisrivier Cobalt is located 180 kilometres northeast of Johannesburg on a granted Prospecting Right ▪ Kruisrivier Cobalt, is a former producing cobalt mine that operated intermittently for over 55 years up to the 1930s ▪ Historical records confirm the presence of high-grade cobalt, gold, nickel, copper, chromium, zinc, lead, platinum and silver mineralisation as well production and sales of high-grade concentrates of cobalt ore of up to 16.67% cobalt and accompanied by exceptionally high-grade gold grades of up 68 grammes per tonne ▪ Current non-JORC compliant historical resources of 733,000t of ore grading 8% cobalt have also been reported down to a depth of 200 metres ▪ Visible high grade cobalt mineralisation identified at surface and in the shallow underground workings by MC and as part of the Company's detailed due diligence ▪ Exploration work on Kruisrivier Cobalt has been ongoing since 2022 and has determined a current non-JORC compliant historical resources of 733,000t of ore grading 8% cobalt down to a depth of 200m increasing to 1.5 million tonnes of ore grading 8% cobalt down to 500m 61
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