IMPALA PLATINUM HOLDINGS LTD

IMPALA PLATINUM HOLDINGS LTD Organogram

Impala Platinum Holdings Ltd (Implats) is an investment holding company with interests in the mining, refining and marketing of platinum group metals (PGMs), nickel, copper, gold, silver, chrome and cobalt. Operations are situated on the Bushveld Complex in South Africa, the Great Dyke in Zimbabwe and the Canadian Shield in Canada. Impala Platinum Holdings holds an 87% interest in Impala Platinum Limited (Impala), which includes Impala Rustenburg and Impala Refining Services (IRS). Refined products are marketed primarily into South Africa, Japan, China, the United States and Europe. Mining operations South Africa • Impala Rustenburg (87%) – Consolidated operation comprising the former Impala Rustenburg and Impala Bafokeng assets. The operation includes multiple shaft complexes, concentrators, smelting operations and chrome recovery facilities. Life of Mine (LOM): 22 years and 53,096 employees. • Marula (73%) – Two decline shafts and a concentrator plant. LOM: 10 years and 6,105 employees. Marula jointly owns the Makgomo Chrome operation which processes and markets chrome tailings. • Two Rivers (46%) – Two on-reef shafts and associated processing facilities. LOM: 16 years and 4,080 employees. • Impala Refining Services (IRS) – Manages the Group’s metal concentrate purchases and optimises the use of available processing capacity. IRS operates through offtake agreements with Implats group companies (excluding Impala Canada) and third-party producers, providing smelting and refining services using Impala’s infrastructure in Springs. Impala Bafokeng was consolidated into Impala Rustenburg effective 1 July 2025. Zimbabwe • Zimplats (87%) – Four underground mines and concentrator operations at Ngezi, together with processing facilities at Selous Metallurgical Complex. LOM: 41 years and 7,959 employees. • Mimosa (50%) – One shallow mechanised underground mine accessed via a decline shaft and a concentrator plant. LOM: 7 years and 3,309 employees. Canada • Lac des Iles (LDI) Mine (100%) – Located in Ontario, Canada, north of Thunder Bay. The operation comprises both underground and surface mining supported by an on-site concentrator. Current operating plan extends to June 2027, with further life-extension opportunities under evaluation. 717 employees. Current exploration and development projects • Afplats Leeuwkop (74%) – Mineral rights holding. The project remains impaired and non-operational. I• nkosi (49%) – Mineral rights holding. • Waterberg Project – Implats held 14.63% at 30 June 2026 following dilution from prior funding rounds. The project is accounted for as a financial asset and remains a significant future development option in the Bushveld Complex. • Mineral Resources and Reserves (FY2026) • Attributable Mineral Resources: 308.7Moz 6E • Attributable Mineral Reserves: 53.8Moz 6E