A protest action at Balama, linked to a small contingent of...

A protest action at Balama, linked to a small contingent of farmers with historical farmland resettlement grievances,conflated with unrelated issues, is currently hindering the movement of people, interrupting site access and leading touncertainty in scheduling the next production campaign.The protest has not resulted in any damage to plant and equipment at Balama, and all employees and contractors remainsafe. As the non-operating period at Balama was longer than anticipated due to the protest, non-essential people havebeen demobilised from site and a full contract security presence remains. Despite the actions of protestors illegally impacting operational processes, the Company is motivated to engage withMozambique Government authorities and its host communities to ensure a permanent and positive resolution.The Company has conducted all resettlement activities and provided compensation in full compliance to legislativerequirements and under the oversight of independent auditors. Positive feedback has been received from most farmerswho had their farming plots resettled and/or been compensated since 2014.Mozambique general election results were announced on 24 October 2024. The ruling Frelimo party extended its majorityin Mozambique Parliament and Frelimo’s candidate, Daniel Chapo, was elected to become Mozambique’s next president.The official results are subject to confirmation by the Constitutional Council. There have been nationwide, and in somecases violent, protests associated with the electoral process that have caused disruptions throughout Mozambique.