View settings100% · M+I+I · Resources excl. reserves · Native commodities

Reporting assumptions

These choices persist and are added to shared URLs.

Ownership basis

Show the full project inventory before ownership adjustment.

Display scale

Display contained quantities in millions of ounces or tonnes.

Resource treatment

Normalise Resources to exclude Reserves: where a project is flagged inclusive, net Reserves out of Resources so the figure is additional Resources beyond Reserves. Unknown-convention rows are shown as stated.

Resource total

Total Resource includes Inferred (JORC convention). Totals are re-derived from category rows wherever the document discloses them.

Recovery basis

Show the issuer's headline recoverable figure as reported. Lithium-brine reserves already have the brine-processing recovery factor applied; everything else is shown as stated.

Commodity view

Primary view: each commodity in its own contained unit (oz / t).

How Mine

Matabeleland South, Zimbabwe · Producing · 100.0% ownedUnverified

Current R&R by category

Whole-project rollup at the latest vintage per category: printed project-level rows are preferred, and mining areas are summed (tonnes-weighted grade) only where the issuer prints no project-level row. Per-area and per-source detail in the Current R&R table below.

Category	Tonnes (Mt)	Grade (g/t Au)	Contained (Moz Au)	As at
Measured	13.70 Mt	1.32 g/t	0.58 Moz	31 Dec 2025
Indicated	10.20 Mt	1.41 g/t	0.46 Moz	31 Dec 2025
Inferred	43.00 Mt	1.74 g/t	2.40 Moz	31 Dec 2025
Total Resources	66.90 Mt	1.60 g/t	3.44 Moz	31 Dec 2025
Proved	1.08 Mt	1.40 g/t	0.05 Moz	31 Dec 2025
Probable	1.41 Mt	1.19 g/t	0.05 Moz	31 Dec 2025
Total Reserves	1.60 Mt	1.50 g/t	0.08 Moz	31 Dec 2025

Sub-category rows are as disclosed (no Reserves-treatment netting); the Total rows honour the Resources treatment and Inferred-policy toggles, so components may not sum to the Total.

Cut-off grade

0.5500 g/t Au · 0.6400 g/t Au · 0.7500 g/t Au

Price assumption

US$3600.00/oz · US$3272.00/oz

JORC code year

—

Peer benchmark — producing Au projects (282 with resources)Resource size P66Resource grade P54View on grade-tonnage chart →

Percentile of this project's current total Resource among covered peers (P100 = largest / highest grade). Basis and Inferred toggles apply.

Data quality

Latest source: 20-F: ANNUAL REPORT · 31 Dec 2025
Reporting code: SK-1300
Convention: exclusive
Currency assumption: US$
Disagreement flags: 4 rows

Current R&R

Resources

Area	Category	Tonnes (Mt)	Au		As at	Source	Provenance
Area	Category	Tonnes (Mt)	Grade (g/t Au)	Contained (Moz Au)	As at	Source	Provenance
Total	Measured	13.70 Mt	1.32 g/t	0.58 Moz	31 Dec 2025	Mineral Resources (exclusive of Mineral Reserves) — How Mine tableUnverified Evidence record How Mine Measured · Au · as at 2025-12-31 Reported figure Area Whole project Basis 100% Ore tonnes (t) 13700000.0000 Grade 1.3200 Contained (oz) 583000.0000 Classification Resource Source trail 20-F: ANNUAL REPORT Mineral Resources (exclusive of Mineral Reserves) — How Mine table Published 2026-04-02 Verification Approved; not independently verified · Model extracted AGENT-QA 2026-07-10 (tranche-4 first gate, operator-delegated): figures verified against the 20-F's printed tables (How Mine / Mazowe / Redwing; M+I-as-total convention noted, re-based at display). Approved. Copies a pre-filled issue record so you can send it through your normal channel.

Sands (Tailings)

Inferred

12.00 Mt

0.59 g/t

0.22 Moz

31 Dec 2025

Mineral Resources (exclusive of Mineral Reserves) — How Mine table (Inferred Resources Sands/Tailings)Unverified

notes (6)

Source: 20-F: ANNUAL REPORT · published 02 Apr 2026

Ref: Mineral Resources (exclusive of Mineral Reserves) — How Mine table (Inferred Resources Sands/Tailings)

SK-1300 — Reporting code of record: SK-1300
Cutoff 0.64 g/t Au — Cut-off grade assumption from the source statement.
@ US$ 3,600/oz — Metal price assumption used to derive this estimate.
excl — Stated Resources are EXCLUSIVE of Reserves — they sit on top of the reserve, so decks quoting inclusive resources will show a larger figure (inclusive = this row + the converted reserve).

QA notes:

QA INFO: recompute differs 3.47% from the printed contained figure, but the printed tonnes/grade/contained are only good to ±3.12% (rounding granularity) — treated as reconciled.
AGENT-QA 2026-07-10 (tranche-4 first gate, operator-delegated): figures verified against the 20-F's printed tables (How Mine / Mazowe / Redwing; M+I-as-total convention noted, re-based at display). Approved.

Reserves

Area	Category	Tonnes (Mt)	Au		As at	Source	Provenance
Area	Category	Tonnes (Mt)	Grade (g/t Au)	Contained (Moz Au)	As at	Source	Provenance
Sands (Surface)	Probable	0.89 Mt	0.89 g/t	0.03 Moz	31 Dec 2025	Mineral Reserves — How Mine table (Surface Probable Sands)Unverified Evidence record How Mine Probable · Au · as at 2025-12-31 Reported figure Area Sands (Surface) Basis 100% Ore tonnes (t) 890000.0000 Grade 0.8900 Contained (oz) 26000.0000 Classification Reserve Source trail 20-F: ANNUAL REPORT Mineral Reserves — How Mine table (Surface Probable Sands) Published 2026-04-02 Verification Approved; not independently verified · Model extracted QA INFO: recompute differs 2.05% from the printed contained figure, but the printed tonnes/grade/contained are only good to ±2.48% (rounding granularity) — treated as reconciled. \| AGENT-QA 2026-07-10 (tranche-4 first gate, operator-delegated): figures verified against the 20-F's printed tables (How Mine / Mazowe / Redwing; M+I-as-total convention noted, re-based at display). Approved. Copies a pre-filled issue record so you can send it through your normal channel.	notes (5) Source: 20-F: ANNUAL REPORT · published 02 Apr 2026 Ref: Mineral Reserves — How Mine table (Surface Probable Sands) SK-1300 — Reporting code of record: SK-1300 Cutoff 0.75 g/t Au — Cut-off grade assumption from the source statement. @ US$ 3,272/oz — Metal price assumption used to derive this estimate. QA notes: QA INFO: recompute differs 2.05% from the printed contained figure, but the printed tonnes/grade/contained are only good to ±2.48% (rounding granularity) — treated as reconciled. AGENT-QA 2026-07-10 (tranche-4 first gate, operator-delegated): figures verified against the 20-F's printed tables (How Mine / Mazowe / Redwing; M+I-as-total convention noted, re-based at display). Approved.
Underground	Proved	1.08 Mt	1.40 g/t	0.05 Moz	31 Dec 2025	Mineral Reserves — How Mine tableUnverified Evidence record How Mine Proved · Au · as at 2025-12-31 Reported figure Area Underground Basis 100% Ore tonnes (t) 1080000.0000 Grade 1.4000 Contained (oz) 48000.0000 Classification Reserve Source trail 20-F: ANNUAL REPORT Mineral Reserves — How Mine table Published 2026-04-02 Verification Approved; not independently verified · Model extracted QA INFO: recompute differs 1.27% from the printed contained figure, but the printed tonnes/grade/contained are only good to ±1.40% (rounding granularity) — treated as reconciled. \| AGENT-QA 2026-07-10 (tranche-4 first gate, operator-delegated): figures verified against the 20-F's printed tables (How Mine / Mazowe / Redwing; M+I-as-total convention noted, re-based at display). Approved. Copies a pre-filled issue record so you can send it through your normal channel.	notes (5) Source: 20-F: ANNUAL REPORT
Underground	Probable	0.52 Mt	1.70 g/t	0.03 Moz	31 Dec 2025	Mineral Reserves — How Mine tableUnverified Evidence record How Mine Probable · Au · as at 2025-12-31 Reported figure Area Underground Basis 100% Ore tonnes (t) 520000.0000 Grade 1.7000 Contained (oz) 28000.0000 Classification Reserve Source trail 20-F: ANNUAL REPORT Mineral Reserves — How Mine table Published 2026-04-02 Verification Approved; not independently verified · Model extracted QA INFO: recompute differs 1.50% from the printed contained figure, but the printed tonnes/grade/contained are only good to ±2.08% (rounding granularity) — treated as reconciled. \| AGENT-QA 2026-07-10 (tranche-4 first gate, operator-delegated): figures verified against the 20-F's printed tables (How Mine / Mazowe / Redwing; M+I-as-total convention noted, re-based at display). Approved. Copies a pre-filled issue record so you can send it through your normal channel.	notes (5) Source: 20-F: ANNUAL REPORT
Underground	Total Reserves	1.60 Mt	1.50 g/t	0.08 Moz	31 Dec 2025	Mineral Reserves — How Mine table (Underground Total)Unverified Evidence record How Mine Total Reserve · Au · as at 2025-12-31 Reported figure Area Underground Basis 100% Ore tonnes (t) 1600000.0000 Grade 1.5000 Contained (oz) 77000.0000 Classification Reserve Source trail 20-F: ANNUAL REPORT Mineral Reserves — How Mine table (Underground Total) Published 2026-04-02 Verification Approved; not independently verified · Model extracted AGENT-QA 2026-07-10 (tranche-4 first gate, operator-delegated): figures verified against the 20-F's printed tables (How Mine / Mazowe / Redwing; M+I-as-total convention noted, re-based at display). Approved. Copies a pre-filled issue record so you can send it through your normal channel.	notes (4) Source: 20-F: ANNUAL REPORT · published 02 Apr 2026