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Production report for the nine months ended 30 September 2021

Published: 2021-10-22 06:00:00 ET

Merafe Resources Limited (JSE:MRF) News - Production report for the nine months ended 30 September 2021

MERAFE RESOURCES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/003452/06)
Share Code: MRF
ISIN: ZAE000060000
(“Merafe” or the “Company”)

PRODUCTION REPORT FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2021

Merafe’s attributable ferrochrome production from the Glencore Merafe Chrome Venture in the third
quarter ended 30 September 2021 is 77kt, resulting in an overall 64.6% increase in production for the
nine months ended 30 September 2021 compared to the prior comparative period. As reported in the
announcement published on SENS on 26 July 2021, the increase was mainly due to current production
being less affected by the COVID-19 restrictions coupled with improved plant efficiencies achieved at
our smelters.

                                                             Nine months            Nine months
                                                                   ended                  ended
                                                       30 September 2021      30 September 2020
Attributable ferrochrome production (kt)                             276                    168


Sandton
22 October 2021

Sponsor
One Capital

Date: 22-10-2021 08:00:00
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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.