MERAFE RESOURCES LIMITED - Production report for the quarter ended 31 March 2025

Production report for the quarter ended 31 March 2025

MERAFE RESOURCES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1987/003452/06)
JSE and A2X share code: MRF
ISIN: ZAE000060000
("Merafe")

PRODUCTION REPORT FOR THE QUARTER ENDED 31 MARCH 2025

Merafe's attributable ferrochrome production from the Glencore Merafe Chrome Venture in the
first quarter ended 31 March 2025 was 71kt, resulting in a decrease of approximately 7% in production
when compared to the prior comparative period. The decrease is in response to market conditions.

                                                                    First quarter ended 31 March
                                                                             2025           2024
 Attributable ferrochrome production (kt)                                      71             77


Sandton
17 April 2025

Sponsor
One Capital

Date: 17-04-2025 08:00:00
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