MANTENGU LIMITED - Blue Ridge Platinum Enters into Supply Agreement with Monteagle International (UK)

Blue Ridge Platinum Enters into Supply Agreement with Monteagle International (UK)

MANTENGU LIMITED
(formerly Mantengu Mining Limited)
Incorporated in the Republic of South Africa
(Registration number: 1987/004821/06)
Share code: MTU ISIN: ZAE000320347
("MTU" or "the Company")

BLUE RIDGE PLATINUM ENTERS INTO SUPPLY AGREEMENT WITH MONTEAGLE INTERNATIONAL
(UK)

The board of directors of MTU is pleased to announce that the Company's 70% subsidiary,
Blue Ridge Platinum Proprietary Limited ("Blue Ridge"), entered into a life of mine
agreement entitled "Chrome Concentrate Supply Agreement" with Monteagle
International (UK) Limited ("Monteagle") on 5 November 2025 (the "Supply Agreement").

In terms of the Supply Agreement, Blue Ridge has agreed to deliver, and Monteagle has
agreed to purchase, a minimum of 300 000 dry metric tonnes at a rate of 10 000 dry metric
tonnes per month. The product will be a 40% - 42% chrome concentrate and will be sold on
a CIF (Cost, Insurance and Freight) basis using the published market price by
FerroAlloyNet.com. The approximate price at the time of this announcement is US$280 per
tonne. Blue Ridge expects that deliveries will commence during the first half of calendar
2026 after an approximate 4 month capex build of a new chrome plant.

Monteagle is an Investment Company which holds a diversified range of investments.
Monteagle, together with its subsidiaries, is a multinational enterprise that holds substantial
listed equity investments, provides procurement, logistics and marketing in hard and soft
commodities as well as trade finance services.

Johannesburg
11 November 2025

Designated Advisor
AcaciaCap Advisors Proprietary Limited

Date: 11-11-2025 08:20:00
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.