SABLE EXPLORATION AND MINING LIMITED - Operational update, audit progress, delay in publication of annual financial statements and results of GM

Operational update, audit progress, delay in publication of annual financial statements and results of GM

SABLE EXPLORATION AND MINING LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 2001/006539/06
JSE Share Code: SXM
ISIN: ZAE000303319
("SEAM" or "the Company")
General Segment

OPERATIONAL UPDATE, AUDIT PROGRESS, DELAY IN PUBLICATION OF ANNUAL FINANCIAL
STATEMENTS AND RESULTS OF GENERAL MEETING

1. Operational Update – Lapon Plant
Shareholders are advised that the Company's Lapon Plant is currently operational on a limited basis,
producing approximately 10% of its full production capacity. The Company expects the plant to ramp
up production progressively and anticipates achieving full operational capacity within the next two
months. Management continues to monitor plant performance closely to ensure optimal efficiency and
sustainability.

2. Audit Progress
The audit of the Company's financial statements has commenced and is progressing well. The
auditors are working in close collaboration with management to ensure all audit procedures are
completed in accordance with applicable regulatory requirements.

3. Delay in Publication of Annual Financial Statements
As a result of operational challenges and the extended audit process, the publication of the
Company's Annual Financial Statements for the year ended 28 February 2025 have been delayed
beyond the prescribed period in terms of the JSE Listings Requirements. The Company is engaging
with the JSE regarding this delay and will provide further updates. The expected date of publication is
31 August 2025.

4. Results of the General Meeting
Shareholders are referred to the General Meeting ("GM") of Sable Exploration and Mining Limited
held on Wednesday, 6 August 2025. The meeting was convened in accordance with the notice
distributed to shareholders. As stated in the notice, no ordinary or special resolutions were tabled for
voting at the meeting. The GM served as an engagement session between shareholders and the
Company, during which management provided updates and addressed matters raised by
requisitioning shareholders. No binding decisions were made at the meeting.

Johannesburg
11 August 2025

Sponsor

Exchange Sponsors

Date: 11-08-2025 02:22:00
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