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).

Joel

Free State, South Africa · 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	1.82 Mt	8.46 g/t	0.49 Moz	30 June 2025
Indicated	2.94 Mt	6.82 g/t	0.64 Moz	30 June 2025
Inferred	0.19 Mt	8.01 g/t	0.05 Moz	30 June 2025
Total Resources	4.94 Mt	7.47 g/t	1.19 Moz	30 June 2025
Proved	2.08 Mt	4.69 g/t	0.31 Moz	30 June 2025
Probable	0.17 Mt	5.35 g/t	0.03 Moz	30 June 2025
Total Reserves	2.25 Mt	4.74 g/t	0.34 Moz	30 June 2025

Cut-off grade

558.0000 g/t Au · 915.0000 g/t Au

Price assumption

US$2349.00/oz · US$2237.00/oz

JORC code year

—

Peer benchmark — producing Au projects (282 with resources)Resource size P41Resource grade P94View 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: 20-F · 30 June 2025
Reporting code: SK-1300
Convention: exclusive
Currency assumption: US$

Current R&R

Resources

Category	Tonnes (Mt)	Au		As at	Source	Provenance
Category	Tonnes (Mt)	Grade (g/t Au)	Contained (Moz Au)	As at	Source	Provenance
Measured	1.82 Mt	8.46 g/t	0.49 Moz	30 June 2025	Mineral Resources (exclusive of Mineral Reserves) summary table / Joel Mineral Resource EstimateUnverified Evidence record Joel Measured · Au · as at 2025-06-30 Reported figure Area Whole project Basis 100% Ore tonnes (t) 1817000.0000 Grade 8.4600 Contained (oz) 494285.5777 Classification Resource Source trail 20-F: 20-F Mineral Resources (exclusive of Mineral Reserves) summary table / Joel Mineral Resource Estimate Published 2025-10-31 Verification Approved; not independently verified · Model extracted QA BLOCK: recomputed contained 494215.4891 oz vs reported 494285577.7460865725467707199 oz (99.90% disagreement) \| QA FIX (claude-agent-qa): printed kg contained was converted with the oz-per-TONNE factor (32,150.75) instead of oz/kg (32.1507) — divided by 1,000. Tonnes/grades verified faithful to print. \| QA sweep: print-verified Copies a pre-filled issue record so you can send it through your normal channel.

Reserves

Category	Tonnes (Mt)	Au		As at	Source	Provenance
Category	Tonnes (Mt)	Grade (g/t Au)	Contained (Moz Au)	As at	Source	Provenance
Proved	2.08 Mt	4.69 g/t	0.31 Moz	30 June 2025	Mineral Reserves summary table / Joel Mineral Reserve EstimateUnverified Evidence record Joel Proved · Au · as at 2025-06-30 Reported figure Area Whole project Basis 100% Ore tonnes (t) 2078000.0000 Grade 4.6900 Contained (oz) 313148.2716 Classification Reserve Source trail 20-F: 20-F Mineral Reserves summary table / Joel Mineral Reserve Estimate Published 2025-10-31 Verification Approved; not independently verified · Model extracted QA BLOCK: recomputed contained 313335.3889 oz vs reported 313148271.5784365302852573703 oz (99.90% disagreement) \| QA FIX (claude-agent-qa): printed kg contained was converted with the oz-per-TONNE factor (32,150.75) instead of oz/kg (32.1507) — divided by 1,000. Tonnes/grades verified faithful to print. \| QA sweep fix: incl_of_res cleared — flag belongs on resource rows only; figures print-verified Copies a pre-filled issue record so you can send it through your normal channel.	notes (6) Source: 20-F: 20-F · published 31 Oct 2025 Ref: Mineral Reserves summary table / Joel Mineral Reserve Estimate SK-1300 — Reporting code of record: SK-1300 Cutoff 915.00 g/t Au — Cut-off grade assumption from the source statement. @ US$ 2,237/oz — Metal price assumption used to derive this estimate. QA notes: QA BLOCK: recomputed contained 313335.3889 oz vs reported 313148271.5784365302852573703 oz (99.90% disagreement) QA FIX (claude-agent-qa): printed kg contained was converted with the oz-per-TONNE factor (32,150.75) instead of oz/kg (32.1507) — divided by 1,000. Tonnes/grades verified faithful to print. QA sweep fix: incl_of_res cleared — flag belongs on resource rows only; figures print-verified
Probable	0.17 Mt	5.35 g/t	0.03 Moz	30 June 2025	Mineral Reserves summary table / Joel Mineral Reserve EstimateUnverified Evidence record Joel Probable · Au · as at 2025-06-30 Reported figure Area Whole project Basis 100% Ore tonnes (t) 168000.0000 Grade 5.3500 Contained (oz) 28903.5212 Classification Reserve Source trail 20-F: 20-F Mineral Reserves summary table / Joel Mineral Reserve Estimate Published 2025-10-31 Verification Approved; not independently verified · Model extracted QA BLOCK: recomputed contained 28897.0910 oz vs reported 28903521.16519655448936821108 oz (99.90% disagreement) \| QA FIX (claude-agent-qa): printed kg contained was converted with the oz-per-TONNE factor (32,150.75) instead of oz/kg (32.1507) — divided by 1,000. Tonnes/grades verified faithful to print. \| QA sweep fix: incl_of_res cleared — flag belongs on resource rows only; figures print-verified Copies a pre-filled issue record so you can send it through your normal channel.	notes (6) Source: 20-F: 20-F · published 31 Oct 2025
Total Reserves	2.25 Mt	4.74 g/t	0.34 Moz	30 June 2025	derived from 2 rows Proved: Mineral Reserves summary table / Joel Mineral Reserve Estimate Probable: Mineral Reserves summary table / Joel Mineral Reserve Estimate Unverified Evidence record Joel Total Reserve · Au · as at 2025-06-30 Reported figure Area Whole project Basis 100% Ore tonnes (t) 2246000 Grade 4.739367764915405 Contained (oz) 342051.7928 Classification Reserve Source trail 20-F: 20-F Mineral Reserves summary table / Joel Mineral Reserve Estimate · contributes Proved 20-F: 20-F Mineral Reserves summary table / Joel Mineral Reserve Estimate · contributes Probable Verification Approved; not independently verified · Model extracted Copies a pre-filled issue record so you can send it through your normal channel.