Copper 360 completes first on-ore blast, commencing hard rock mining at the Rietberg Mine 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") COPPER 360 COMPLETES FIRST ON-ORE BLAST, COMMENCING HARD ROCK MINING AT THE RIETBERG MINE Copper 360 is pleased to announce a major operational milestone with the successful execution of the first on-ore blast at Rietberg Mine on Friday, 31 January 2025. This marks the first such blast in 42 years, signalling the start of Copper 360's transition from less predictable mine development towards structured hard rock mining. Since the re-opening of Rietberg Mine in August 2024, the development and commissioning stage required Copper 360 to work through the highly oxidised, unpredictable and lower grade broken rock before being able to target the more structured hard rock resource, containing higher in-situ copper grades which aligns to our historic drill results and mine plans. Development at Rietberg Mine will continue over the next 9 months, ramping up to full production of c. 40 000 tpm expected by the end of the 2025 calendar year. This milestone marks another step in Copper 360's aspirations to become a meaningful global copper producer by efficiently exploiting its own vast copper resources in the region. THE IMPLICATIONS OF ON-ORE MINING • Phasing out of Broken Rock Processing: The Company is transitioning away from historically unpredictable broken and transitional rock, which presented challenges in estimating grade, volumes and recoveries; • Consistent Grade and Mineralogy: On-reef mining allows for the extraction of material with known grade and mineralogical characteristics, significantly improving predictability and operational planning; • Infrastructure and Equipment Readiness: The required underground infrastructure and equipment have been strategically planned, procured and implemented to support long-term hard rock mining; • Operational Milestone: The first on-ore blast marks a fundamental step in Copper 360's evolution, ensuring more predictable production and financial performance. Shirley Hayes, CEO of Copper 360, commented: "This marks a pivotal moment for Copper 360 as we shift from an unpredictable phase of broken rock processing to a structured, sustainable hard rock mining operation. This transition will provide us with the consistency and reliability needed to achieve our production and financial targets. The successful execution of the first on-ore blast at Rietberg Mine is a testament to the hard work and commitment of our team. We are confident that this strategy will drive long-term value for our shareholders and position Copper 360 for sustainable success." Stellenbosch 5 February 2025 Designated Advisor: Bridge Capital Advisors Proprietary Limited Date: 05-02-2025 10:00:00 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.