The Egoli Project is a long life, high-margin brownfield project, that will capitalise on the Evander mine’s existing established infrastructure during its development and exploitation. This synergy has materially reduced Egoli’s upfront capital investment, when benchmarked against other development projects of similar scale, and contributed to its compelling and robust economic returns. The project has an initial life of mine of 9 years, with annual gold production of approximately 72koz at an average head grade of 6.61g/t (LOM gold production of 17,771 kg (c.570koz)). First gold is expected to be produced approximately 20 months after construction commences, with ramp up to steady state production over the following 16 months. Additional geological and operational upside exists when the Inferred Resources are accessed as underground development proceeds, potentially increasing LOM to 14 years.