COPPER 360 LIMITED - Trading Statement

Trading Statement

Copper 360 Limited
(Incorporated in the Republic of South Africa)
Registration number 2021/609755/06
JSE Share Code: CPR ISIN: ZAE000318531
("Copper 360" or "the Company")

TRADING STATEMENT

In terms of section 3.4(b) of the JSE Limited Listings Requirements, a company is required to publish
a trading statement as soon as it becomes reasonably certain that the financial results for the period
to be reported on will differ by at least 20% or more from those of the previous corresponding period.

For the twelve months ended 28 February 2025, shareholders are advised that basic loss per share
and headline loss per share are expected to have increased by at least 100%, compared to the 2024
Financial Year results published in August 2024.

The decrease in earnings is mainly attributable to:
    - Operating losses incurred at the SXEW plant, due to lower-than-expected feed grade. The
      SXEW plant was placed into care and maintenance during the second half of the financial
      year.
    - The commissioning of a new Modular Floatation Plant (MFP2 at Nama Copper) that only
      reached operating capacity during the second half of the financial year.
    - Mining operations commenced at Rietberg mine at the end of the first half of the financial
      year, with the first development blast into sulphide ore only occurring at the end of January
      2025. Although expenses were contained within budgeted parameters, planned revenue was
      not realised, mainly due to construction and consequent production delays, which resulted
      in operating losses.

The financial information on which this trading statement is based is the responsibility of the directors
of the Company and has not been reviewed or reported on by the Group's independent external
auditor.

The Company's provisional results for the financial year ended 28 February 2025 will be published by
no later than 30 June 2025.

Stellenbosch
30 May 2025
Designated Advisor: Bridge Capital Advisors Proprietary Limited

Date: 30-05-2025 05:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.