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Investor Presentaiton

36 NEAR-TERM ORGANIC GROWTH - EGOLI PROJECT WAY FORWARD • Development plan · Detailed project scheduling and planning - to be completed: Q1 FY21 No.7 Shaft and Kinross Plant infrastructure: • • Dewatering to commence: Q1 FY21 Preliminary refurbishment: Q1 FY21 Placing orders for long-lead equipment: Q2 FY21 Commence with underground equipping: Q3 FY21 Financing Package: • Non-dilutive funding options currently being explored - to be finalised: Q2 FY21 PAN AFRICAN RESOURCES

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