General Discussions, page-32674

SYR reminded the world about the value of sovereignty…..

ASX Announcement / Media Release12 December 2024Balama force majeureSyrah Resources Limited (ASX:SYR) (“Syrah” or “Company”) advises its subsidiary Twigg Exploration and Mining, Limitada(“Twigg”) declared a force majeure event concerning its Balama Graphite Operation (“Balama”) in Mozambique under theterms of its Mining Agreement with the Mozambique Government.On 24 October 2024, the results of Mozambique’s general election were announced, with the ruling Frelimo party, led bypresidential candidate Daniel Chapo, extending its majority across both Provincial and National levels of government. Theseresults are being contested by opposition parties, citing allegations of electoral fraud and irregularities. The MozambiqueConstitutional Council is yet to confirm the official election results. Nationwide protests associated with the electoral processis causing widespread disruptions throughout Mozambique, including at several mining operations. Circumstancessurrounding the general election and the ongoing protests are significantly impacting National Government operations, andhindering the ability of District and Provincial Government authorities to resolve illegal protest actions at Balama.The protest actions at Balama, originally linked to a small group of farmers with historical farmland resettlement grievances,commenced in late September 2024, impeding Syrah’s ability to conduct operations at the Balama site. Prior to theMozambique general election on 9 October 2024, and since the election outcomes were announced, protest actions havecontinued, with segments of the local population not directly involved in Balama’s resettlement process conflating unrelatedissues and objectives. The movement of people and supplies, site access and plant operations have continued to beinterrupted. Most operational personnel have been demobilised from the site and a full contract security presence remainsonsite. The protest actions have been peaceful with no evident actions to deliberately damage property, plant or equipmentat Balama.Sustained efforts by the Company to achieve a positive resolution of protest actions through lawful and constructive dialoguewith Mozambique Government authorities, host community leaders and protestors, and the pursuit of legal avenues, havebeen unsuccessful to date.Syrah was granted a provisional injunction by the Judicial Court of the District of Balama in response to a restraining orderapplication in relation to certain individuals organising the protest. After service procedures are properly completed inDecember 2024, the Company will seek orders from the Court to enforce the provisional injunction. It is uncertain whetherthe provisional injunction will be administered by District authorities and if it will be effective in removing the relevantindividuals from the protest at Balama. Mozambique Government authorities have also not been able to implement supportfor right of access obligations under the Mining Agreement.With conditions continuing to deteriorate across Mozambique and further National Government opposition protest actionsrecently announced, Syrah is unable to undertake a production campaign at Balama in the December 2024 quarter that isrequired to replenish finished product inventory, and for customer sales. Consequently, force majeure is declared under theMining Agreement.Syrah remains committed to achieving a positive resolution of the protest and addressing all legitimate resettlementconcerns through the appropriate consultative and dispute resolution mechanisms. The Company relies on the MozambiqueGovernment to uphold the rule of law and ensure free movement of goods and people to and from the Balama site, asrequired under the Mining Agreement. Syrah will continue working intensively with all levels of the MozambiqueGovernment, local communities, employees and the protestors to restore normal operations at Balama as quickly aspossible. The Company acknowledges that resolution of the Balama protest will take time due to broader unrest anddisruptions across Mozambique and the new Mozambique Government not being formed until January 2025.The impacts and duration of the protest actions have triggered events of default in the Company’s loans with United

…….And people wonder why you don’t touch Africa with money you care about…….. fortunes can be made if you have machine guns….. lots of machine guns….. but rest assured the tribes and the unseen can take your operation however and whenever they like.