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Production report for the six months ended 30 June 2023

Published: 2023-07-17 09:00:32 ET
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MERAFE RESOURCES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1987/003452/06)
JSE and A2X share code: MRF
ISIN: ZAE000060000
(“Merafe” or the “Company”)

PRODUCTION REPORT FOR THE SIX MONTHS ENDED 30 JUNE 2023

Merafe’s attributable ferrochrome production from the Glencore Merafe Chrome Venture for the six
months ended 30 June 2023 decreased by approximately 9% compared to the prior comparative period.
The reduction is due to planned pullback in production. Only the Lion smelter is scheduled to operate
over the 3 month high electricity demand winter season, a period of elevated power prices.

                                                                     Six months ended
                                                                30 June 2023      30 June 2022
 Attributable ferrochrome production (kt)                                185               203


Sandton
17 July 2023

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