PAN AFRICAN RESOURCES PLC

PAN AFRICAN RESOURCES PLC Organogram

Pan African Resources PLC is the holding company for a mining group focused on gold production in South Africa and Australia. Barberton assets include: • Barberton Mines - A long-life, high-grade operation comprising three underground mines: Fairview, Sheba and Consort - Life of Mine (LOM) 23 years. • Barberton Tailings Retreatment Plant (BTRP) - The plant was completed in June 2013 and adds high-margin and low-risk ounces to production - LOM 7 years (current surface sources excludes Royal Sheba material). Evander assets include (1 mine, a tailing retreatment operation and several projects): • Evander Mines (Underground Mining Operations) - Extraction of the 8 shaft pillar and the development of the 24, 25, and 26 level high-grade areas - LOM 12 years. • Evander Mines (Surface Resources) - Purchases gold-bearing material from third parties - leveraging the excess capacity of Evander Mines’ metallurgical plants. • Elikhulu Tailings Retreatment Plant - This plant exploits tailings deposited on the Kinross, Leslie/Bracken, and Winkelhaak tailings storage facilities in Evander. It commenced production in 2018 - LOM 8 years. • Egoli project - A drilling programme and feasibility study were completed in September and November 2017, respectively. Dewatering following the phased development approach has commenced. The Egoli project will be developed as a project independent of Evander Mines’ underground operation - LOM 9 years. • Rolspruit project - is a down-dip extension of the same Kinross payshoot currently being exploited at 8 shaft. The project is located immediately west-north-west of the 8 shaft. Tennant Mines consists of the Nobles Gold Mine (consisting of stockpiles, open pit and underground mines) and the Warrego copper and gold project): • Nobles Gold Mine contains the: Tennant Mines - Nobles Gold operation - White Devil - Juno - Golden Forty - Golden Kangaroo - Extensive Tennant Creek exploration portfolio - Warrego copper-gold project West Rand Assets: • Mogale Tailings Retreatment (MTR) surface operations successfully commissioned its expansion in December 2025, with production of 51,927oz for 2026 Financial year and a LoM of 17 years