Namib Minerals Improves Operational Stability and Cost Performance

Namib Minera;s provided an operational update highlighting improving stability and cost performance across its producing asset as the Company approaches financial year-end. Over the past 30 days, operational throughput has been maintained, reflecting a period of increased consistency in plant performance and mine operations. During this period, on-mine all-in sustaining costs declined by approximately 8% month-on-month to $2,140 per ounce, while company-level AISC declined by approximately 11%, supported by sustained cost control measures and improving operational discipline. Operational focus during this phase has been directed toward stability, predictable run-rates, cash discipline, and consistent cost management. Management noted that these efforts are contributing to improved cost visibility and execution reliability. Safety performance remained strong during the period, with no reportable lost-time injuries recorded over the three months ended November, reflecting continued emphasis on operational discipline and workforce safety.