EXXARO RESOURCES LTD

EXXARO RESOURCES LTD Organogram

Exxaro Resources Ltd is a diversified resources group engaged in the mining, extracting, and processing of minerals and metals including coal, mineral sands (titanium ore and titanium dioxide), base metals (primarily zinc, lead and copper) and selected industrial minerals as well as renewable energy solutions, with interests in South Africa, Europe, Asia and Australia.\r\n\r\nThe coal operations are mainly situated in the Waterberg (Limpopo) and Mpumalanga regions. Coal commercial operations comprise the company holding a 100% stake in the Grootegeluk, Matla, Belfast and Leeuwpan mines, and a 50% interest in the Mafube mine (a joint venture with Anglo).\r\n\r\nCoal mining operations in South Africa comprise:\r\n• Grootegeluk complex - an open-cut mine with a Life of Mine (LoM) of over 19 years that produces thermal and metallurgical coal with a Run of mine (RoM) of 56.05Mt.\r\n• Matla - an underground mine with a LoM of 1 year that produces about thermal coal with a Run of mine (RoM) 6.01Mt.\r\n• Belfast - an open-cut mine with a LoM of 10 years that produces thermal coal with a Run of mine (RoM) 3.16Mt.\r\n• Leeuwpan - an open-cut mine with a LoM of 6 years that produces saleable coal with a Run of Mine (RoM) 4.82Mt.\r\n• Mafube (50% JV) - an open cut mine with a LoM of over 21 years that produces thermal coal with a Run of mine (RoM) of 5.44Mt.\r\n\r\nCoal exploration projects:\r\n• Thabametsi - an open-cut project with a LoM of 23 years to produce thermal coal.\r\n• Waterberg North - in closure\r\n• Waterberg South - in closure\r\n\r\nNon-controlled coal operations include:\r\n• 20.62% interest in Sishen Iron Ore Company (Pty) Ltd which extracts and processes iron ore.\r\n• 12.04% interest in Richards Bay Coal Terminal (Pty) Ltd which operates a coal export terminal.\r\n\r\nRenewable energy operations in South Africa comprise:\r\n• Cennergi (Pty) Ltd - an independent power producer that operates the following wind farms:\r\n- Amakhala Emoyeni windfarm (95% owned) - has a capacity of 95MW, 56 x 2.4MW turbines and a power purchase agreement of 20 years.\r\n- Tsitsikamma community windfarm (75% owned) has a capacity of 95MW, 31 x 3.1MW turbines and a power purchase agreement of 20 years.\r\n- Lephalale solar project (100% owned) - will have a capacity of 68MW with commercial operations estimated for 2025.