Namib Minerals (NAMM) Investor presentation summary

Strategic positioning and asset portfolio

• Holds three gold assets in Zimbabwe: one producing (How Mine) and two restart projects (Mazowe and Redwing), with significant measured, indicated, and inferred gold resources totaling over 4 million ounces as of December 2023.

• How Mine produced 36.6koz of gold in 2024, with expansion plans to increase production and extend mine life.

• Mazowe and Redwing mines are preparing for restart, targeting recommencement within 24–30 months of funding, leveraging established infrastructure and high ore grades.

• Portfolio includes interest in 13 copper and cobalt exploration permits in the DRC, with a joint venture structure and initial drilling success.

• Assets are strategically located in mining-friendly jurisdictions with improving political and economic stability, and strong infrastructure support.

Growth strategy and operational performance

• Focused on scaling production through proven methodologies, optimizing cash flow, and capital efficiency to fund future projects.

• 2024 Adjusted EBITDA potential of $24.5M, with revenue of $86M and gold production costs (AISC) at $1,414/oz.

• Exploration pipeline in Zimbabwe and the DRC aims to expand resource base and diversify into battery metals.

• Cash flow from Zimbabwe operations intended to support further exploration and development in the DRC.

• Historical legacy of production and operational turnaround experience provides a foundation for future growth.

Leadership, governance, and ESG commitment

• African-led executive team with global mining experience, strong local relationships, and a track record of scaling production and operational turnarounds.

• Board includes leaders with backgrounds in mining, finance, and corporate governance, supporting strategic growth.

• Rigorous safety, health, and environmental standards, with ISO 14001, 9001, and 45001 certifications.

• Community-focused initiatives include healthcare, education, infrastructure, and social services investments.

• ESG principles embedded at every stage, aiming for responsible, long-term growth and positive local impact.