GEMFIELDS GROUP LIMITED - Update regarding Cabo Delgado insurgency

Update regarding Cabo Delgado insurgency

GEMFIELDS GROUP LIMITED
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")


Update regarding Cabo Delgado insurgency
LONDON, 13 JUNE 2022


During the week commencing 6 June 2022, several attacks attributed to insurgent activity occurred
in the vicinity of Ancuabe, a town in the Cabo Delgado province of Mozambique. Ancuabe lies
approximately 65 kilometres east-north-east of MRM. As such, these attacks are considerably closer
to the operations of Montepuez Ruby Mining Limitada (“MRM”), in which Gemfields holds a 75%
interest. Most of the earlier insurgent activity has occurred more than 150 kilometres to the north-
east of MRM.

The incidents are reported as having occurred between 15 kilometres and 40 kilometres north of
the N1 and N14 roads, the principal route used by MRM to travel to and from the coastal town of
Pemba, the provincial capital. At the time of writing, military escorts are accompanying civilian
vehicles on the stretch of road closer to Pemba.

Last week’s attacks reportedly included the killing of two employees of the Ancuabe Graphite
Project owned by Grafex Limitada, a subsidiary of Australian company Triton Minerals Limited.

While MRM has implemented certain travel restrictions, its mining and processing operations
remain unaffected.

Gemfields and MRM hold the health and safety of their employees and contractors as their highest
priority. The group remains in regular contact with government authorities and is closely
monitoring developments.



           

               Further information on Gemfields Group Limited can be found at:


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                                companysecretary@gemfields.com


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                                    gemfields@camarco.co.uk




                                           ENQUIRIES




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


 SPONSOR (JSE)                     Investec Bank Limited


 SEDIBELO SALE PROCESS             Liberum
                                   Nehal Patel
                                   T: +44(0) 20 3100 2222


 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 of responsible 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: 13-06-2022 12:00:00
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