MERAFE RESOURCES LIMITED - Production report for the quarter and year ended 31 December 2022

Production report for the quarter and year ended 31 December 2022

MERAFE RESOURCES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1987/003452/06)
Share Code: MRF
ISIN: ZAE000060000
(“Merafe”)

PRODUCTION REPORT FOR THE QUARTER AND YEAR ENDED 31 DECEMBER 2022

Merafe’s attributable ferrochrome production from the Glencore Merafe Chrome Venture decreased by
approximately 5.0% for the quarter ended 31 December 2022 and increased by approximately 1.3% for
the full year compared to the year ended 31 December 2021. The production levels were achieved in
spite of the Eskom load curtailments that affected operations.

                                     Quarter ended 31 December      Year ended 31 December
                                             2022        2021            2022         2021
Attributable ferrochrome
production (kt)                               97          102             384          379
  

Sandton
16 January 2023

Sponsor
One Capital

Date: 16-01-2023 08:00:00
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