GEMFIELDS GROUP LIMITED - Cabo Delgado insurgency: evacuation of personnel from Nairoto Resources

Cabo Delgado insurgency: evacuation of personnel from Nairoto Resources

GEMFIELDS GROUP FOLLOWING
Incorporated in Guernsey. Guernsey registration Number: 47656.
South African external company registration number 2009/012636/10
Share code on JSE:GML / AIM:GEM
ISIN: GG00BG0KTL52 | LEI: 21380017GAVXTCYS5R31
("Gemfields" or the "Company")




Cabo Delgado insurgency: evacuation of personnel from Nairoto Resources
LONDON, 14 FEBRUARY 2023


Shortly before midnight on Sunday 12 February 2023, an attack attributed to insurgents took place
in the village of Nairoto in the Cabo Delgado province of Mozambique.

The village of Nairoto lies: (i) approximately 15km south west of the exploration camp of Nairoto
Resources Limitada (“NRL”), in which Gemfields owns 75%; and (ii) approximately 83km north
of Montepuez Ruby Mining Limitada (“MRM”), in which Gemfields also owns 75%.

As a consequence, NRL has initiated the process of evacuating operational employees and
contractors, and therefore operations at the site have ceased. There is no present impact on
operations at MRM.

Gemfields, MRM and NRL hold the health and safety of their employees and contractors as their
highest priority and remain in regular contact with government authorities.

                                               

               Further information on Gemfields Group Limited can be found at:
                                       GEMFIELDSGROUP.COM

                         To join our investor mailing list, contact us on:
                                          ir@gemfields.com

                           For any press enquiries please contact us on:
                                     gemfields@camarco.co.uk

                                          ENQUIRIES

 GEMFIELDS                        Sean Gilbertson / David Lovett / Ian Hughes
                                  T: +44(0) 20 7518 3400


 SPONSOR (JSE)                    Investec Bank Limited


 NOMINATED ADVISER                finnCap
 (AIM) & JOINT BROKER             Christopher Raggett / Tim Redfern / Edward Whiley
                                  T: +44(0) 20 7220 0500


 JOINT BROKER                     Liberum
                                  Scott Mathieson / Kane Collings
                                  T: +44(0) 20 3100 2222


 FINANCIAL PR/ IR                 Camarco
                                  Gordon Poole / Emily Hall
                                  T: +44(0) 20 3757 4980




ADDITIONAL INFORMATION ON GEMFIELDS

Gemfields is a world-leading miner and marketer of responsibly sourced coloured gemstones.
Gemfields is the operator and 75% owner of both the Kagem emerald mine in Zambia (believed
to be the world’s single largest producing emerald mine) and the Montepuez ruby mine in
Mozambique (one of the most significant recently discovered ruby deposits in the world). In
addition, Gemfields also holds controlling interests in various other gemstone mining and
prospecting licences in Zambia, Mozambique, Ethiopia and Madagascar.

Gemfields’ outright ownership of Fabergé - an iconic and prestigious brand of exceptional heritage
- enables Gemfields to optimise positioning, perception and consumer awareness of coloured
gemstones through Fabergé designs, advancing the wider group’s “mine and market” vision.

Gemfields has developed a proprietary grading system and a pioneering auction and trading
platform to provide a consistent supply of coloured gemstones to downstream markets, a key


component of Gemfields’ business model that has played an important role in the growth of the
global coloured gemstone sector.



                                         GEMFIELDS

                          GEMFIELDS.COM | INVESTORS |FOUNDATION

                          INSTAGRAM | FACEBOOK | TWITTER | YOUTUBE




                                          FABERGÉ

               FABERGÉ.COM | INSTAGRAM | FACEBOOK | TWITTER | YOUTUBE




                                   KAGEM MINING LINKEDIN

                              MONTEPUEZ RUBY MINING LINKEDIN




Date: 14-02-2023 09:00:00
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