MERAFE RESOURCES LIMITED (Incorporated in the Republic of South Africa) (Registration number 1987/003452/06) Share Code: MRF ISIN: ZAE000060000 (“Merafe”) PRODUCTION REPORT FOR THE QUARTER ENDED 31 MARCH 2023 Merafe’s attributable ferrochrome production from the Glencore Merafe Chrome Venture for the quarter ended 31 March 2023 marginally increased by approximately 3% compared to the prior comparative period. Quarter ended 31 March 2023 31 March 2022 Attributable ferrochrome production (kt) 103 100 Sandton 21 April 2023 Sponsor One Capital