Acquisition of Khoemacau

Khoemacau overview Project overview Location Resource Current operations Mining method Employment • . Botswana, Africa (4,040km2 property license area) Zone 5 Group - 166Mt @ 2.0% Cu & 26g/t Ag (3,324kt Cu & 140Moz Ag) Total Resource -450Mt @ 1.4% Cu & 18g/t Ag (6,374kt Cu & 263Moz Ag) Underground mechanised mining at Zone 5 Road haulage of ores to Boseto Process Plant for treatment Agreement with mining contractor Barminco expiring in 2025 Long-hole open stoping, transition to pastefill Processing rate • Silver stream (Royal Gold) • • Offtake . 95% of company employees are from Botswana ~30% of company employees are from local districts Pre-expansion: 3.65Mtpa Boseto plant Post-expansion: 3.65Mtpa Boseto plant and 4.5Mtpa New Zone 5 Plant LOM production of Zone 5 and Mango NE 100% payable Ag production until 40Moz, 50% thereafter Cash price equal to 20% of spot Ag price for each ounce delivered 3-year offtake agreement with Trafigura Consistent tax policy and reliable VAT cycle Mining profits taxed using to the following formula1 = 70% 15% (profitability ratio²) Botswana tax 3% royalty for base metals and 5% for precious metals Other tax includes withholding tax, customs duties and transfer duty on immovable property Notes: 1. subject to a 22% minimum. 2. Profitability ratio equals taxable income/gross income. 24 24 Executive management team Johan Ferreira Chief Executive Officer Jaco Maritz Chief Financial Officer Khoemacau Boikobo Paya Executive Director Stakeholder Engagement, Sustainability and Legal Compliance Mmama Mhlanga- Fichani Vice President Human. Resources and Communications In-country site leadership team Neo Kwakwa Acting General Manager Logic Sebopeng Mining Manager Dale Quaker Chief Financial Officer Cupric Africa Warren Rigelsford Chief of Staff Mompati Babusi Process Manager Johnny Marudu Environment and Community Manager Tobokani Mosetlha Finance Manager Emmanuel Ntshwarang Acting Central Services Manager Bava Reddy Technical Services Manager Gomolemo Gaolatlhe Health and Safety Manager Steven Wilson Technical Services Manager Vincent Mothupi Human Resources Manager Oarabile Disang Exploration Manager W MMG

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