Chrome Mine

Chrome Mine in Rustenburg

A chrome mining opportunity located in the Rustenburg region of the North West Province, within the Western Limb of the Bushveld Complex, one of South Africa's established mineral-producing regions. The project is focused on the extraction and beneficiation of chrome-bearing ore, with potential participation across the mining, processing and chrome concentrate value chain. The opportunity is being presented to strategic parties interested in project development, mining operations, capital participation, equipment provision, processing and/or offtake, depending on the preferred transaction structure. Rustenburg has an established mining ecosystem with existing chrome and PGM operations, supporting infrastructure, processing facilities and access to established transport and commercial networks. The broader Bushveld Complex contains multiple chromitite horizons, including LG, MG and UG groups, which are exploited through different mining and processing model

Chrome ore is a strategic mineral input into the ferrochrome industry, with ferrochrome predominantly used in the production of stainless steel and other corrosion-resistant steels. South Africa remains a major global source of chromite, with significant production taking place within the Bushveld Complex. In 2024, South African operations produced substantial volumes of chromite, including production associated with the Rustenburg and Marikana areas. The Rustenburg area provides an established mining environment with existing chrome-mining, processing and ferrochrome infrastructure. Major industry operations in and around the region demonstrate the presence of established supply chains and technical capabilities within the local chrome ecosystem. Potential commercial opportunities include: Chrome ore extraction Chrome beneficiation and concentration Sale of chrome concentrate Metallurgical-grade chrome products Lumpy chrome ore, where applicable Processing and recovery opportunities Strategic offtake arrangements Mining contractor participation Equipment and infrastructure partnerships Expansion of existing production capacity

Shareholding: Shareholder A — 60% Shareholder B — 40% The project is held through the project company, which is responsible for the relevant mining rights, operational arrangements and project development activities. The proposed transaction may be structured through equity participation, a joint venture, strategic partnership or project-level investment, subject to due diligence and agreement between the existing shareholders and incoming parties.