COPPER 360 LIMITED - Appointment of Non-Executive Chairman and changes to executive responsibilities of Directors

Appointment of Non-Executive Chairman and changes to executive responsibilities of Directors

Copper 360 Limited
(Incorporated in the Republic of South Africa)
Registration number 2021/609755/06
JSE share code: CPR
ISIN: ZAE000318531
("Copper 360" or the "Company")

APPOINTMENT OF NON-EXECUTIVE CHAIRMAN AND CHANGES TO EXECUTIVE RESPONSIBILITIES
OF DIRECTORS

Shareholders are informed of the following changes in respect of the Board of Directors of Copper 360:
1. Ms Shirley Hayes has been appointed as Chief Executive Officer of Copper 360, relinquishing her
   previous position as Executive Chairperson
2. Mr Jan Nelson has been appointed as Executive Director of Resource Strategy and Equity Value
3. Mr Rupert Smith has been appointed as Non-executive Chairman of the Board of Directors

Since the formation of Copper 360 following its listing on ALT X on 21 April 2023, Copper 360 has been
singularly focused on building a strong foundation from which to turn its vast copper resources to account.
This foundation includes the commissioning of 2 processing plants (including the Nama Copper plant
acquired during 2024) with a third plant nearing completion, the commissioning of Rietberg underground
mine while extracting broken rock resources, the conclusion of long-term offtake agreements and the
establishment of a world class operating team. In a short period of time a robust platform has been built from
which to grow Copper 360 into a significant copper producer.

Copper 360 has now reached a point in its development where its focus will expand to disciplined execution
of its strategic plan for copper production from its existing operations in addition to developing and
implementing a sustainable growth path.

In terms of copper production, the Rietberg mine will shortly commence production of hard rock copper ore
with higher and more predictable grades, ramping up to volumes that will enable full practical capacity to be
maintained at the Company's two sulphide processing plants. Key priorities for management of the
operations are meticulous attention to operational detail; strong risk management to ensure the Company's
long term viability; implementation of controls to ensure accountability at all levels of management; and
disciplined resource allocation.

The key component of Copper 360's strategic plan is the development and implementation of the Cluster
Mining Model. With Rietberg now close to going into full scale production, the growth focus will be to plan
and develop the next series of mines and associated processing capacity, not only to turn the extensive
copper resource base to account, but also as an integral element of changing Copper 360's operational risk
profile. A systematic, calculated and risk-mitigated process will be followed to execute this key part of the
Company's strategic plan.

In order to achieve the above goals, it is necessary to implement a new executive management structure.

As CEO, Ms Hayes will focus primarily on operational and financial excellence ensuring strict cost discipline
and company resource optimisation; the implementation of the transition to producing status ensuring
integrated collaboration and disciplined execution and risk management; and driving the Company's long-
term vision whilst delegating investor relations to a capable team.

Mr Nelson will lead mineral resource optimization; drive the development of the Company's Cluster Mining
Model; and align operational and equity strategies to unlock and demonstrate the company's value to
investors.

Mr Smith will ensure that the Board of Directors provides governance oversight and strategic alignment of
the executive team with shareholder interests.
In order to assist the Board of Directors to execute its duties, it has been decided to implement a formal
Investment Committee which will have responsibility for approving significant capital expenditure and
investments in alignment with Copper 360's long term objectives and in accordance with acceptable risk
parameters.

Shirley Hayes said: "I am privileged to take on the role of Chief Executive Officer during this crucial phase in
the journey of Copper 360. As we advance into the next chapter, marked by the commencement of hard rock
copper production, our focus will be on disciplined execution, operational excellence, and prudent financial
management. This phase represents a strategic evolution as we align our resources and capabilities with the
long-term objectives of the company, ensuring sustainable progress and measurable value creation for our
stakeholders. My sincere gratitude is expressed to Jan Nelson and the executives and management who
have tirelessly worked to place Copper 360 in the position where it can embark on the exciting next phase of
its journey. I especially look forward to Jan's renewed focus on the growth of Copper 360."

The changes are effective immediately.

Stellenbosch
30 December 2024
Designated Advisor: Bridge Capital Advisors Proprietary Limited

Date: 30-12-2024 11:00:00
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