Investor Presentaiton

• • • OPERATIONAL PERFORMANCE BY ASSET TAILINGS OPERATIONS BTRP BTRP LOM production profile 30 000 Production stable at 10,0040z (2019: 10,619oz) - AISC of US$864/oz (2019: US$643/oz) LOM of 9 years - 2-3 years at current resources, additional feed sources planned from Royal Sheba project EBITDA generated: ZAR134,6million (US$8,3million) Reduces Barberton Mines environmental and rehabilitation liabilities - clean up of historic tailings frees up land for other uses Ounces 25 000 20 000 15.000 10 000 5 000 0 2018 2019 2020 2021 2022 2023 2024 2025 Tailings Surface Other sources 16

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