Ann: Preliminary Final Report, page-8

I appreciate that it’s not in anyone’s interest to know the day-to-day issues with our alluvial operation at Lulo, however I do strongly believe that LOM shareholders should be informed of major issues/ disruption to operations - see below extract from the financial report.

We can only hope that there’s a marked improvement in first half of this year, and that the recent blockade has minimal impact on SML’s EBITDA.

“Lucapa’s share of SML’s after tax earnings was a loss of US$0.9 million, compared to a profit of US$4.2 million in 2023. SML reported an EBITDA of US$8.1 million (2023: US$23.6 million) for the year, which was impacted by flooding caused by a severe end to the wet season and poor management of a temporary river crossing by a government contractor tasked with upgrading the main highway from Luanda to Saurimo that crosses through the Lulo concession. This impacted the mine’s ability to mine in planned areas throughout the year and led to lower carat recoveries and revenues during the second half of 2024.”