Sharenet Sites 
Sharenet Sites
Trading Statement and Post Balance Sheet Date Events
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 six months ended 31 August 2025, shareholders are advised that basic loss per share and
headline loss per share are expected to have increased between 50% and 60%, i.e. between 18.24
cents per share and 19.46 cents per share, compared to the previous corresponding period, i.e. six
months ended 31 August 2024.
The decrease in earnings is mainly attributable to higher operating costs during the first half of the
2026-financial year, compared to the first half of the 2025-financial year, whilst the concentrate
segment, that includes mining, is not yet operating at intended capacity. The first six months of the
2025-financial year figures were at a low operating base, since the concentrate segment only
commenced operations in March 2024, with mining activities commencing at the end of the first half
of the 2025-financial year. Furthermore, the cathode segment was still contributing towards revenue
prior to suspending operations in the second half of the 2025-financial year. In the light of the decision
not to resume cathode production in the foreseeable future, the Company has reduced the cost base
through restructuring and eliminations of which the financial effects will only realise in the second half
of the 2026-financial year.
POST BALANCE SHEET DATE EVENTS
Shareholders are reminded of the CONCURRENT CLAW-BACK OFFER, RIGHTS OFFER AND DEBT
RESTRUCTURING RIGHTS OFFER, announced on SENS on 11 November 2025.
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 unaudited condensed results for the six months ended 31 August 2025 will be
published by no later than 28 November 2025.
Stellenbosch
25 November 2025
Designated Advisor: Bridge Capital Advisors Proprietary Limited
Date: 25-11-2025 11:06:00
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.
