Summarised group Mineral Resource And Mineral Reserve estimates

This section outlines the reported Mineral Resources and Mineral Reserves remaining as at 31 December 2023. Mineral Resources and Mineral Reserves figures are not an inventory of all mineral occurrences drilled or sampled but a realistic record of those, under assumed and justifiable technical and economic conditions, that may be economically extractable currently and in future.

Mineral Resources and Mineral Reserves are reported inclusive of Mineral Resources that have been converted to Mineral Reserves. An exception is reporting for BMM and Sishen and Kolomela mines because figures received from Vedanta Resources (JORC Code) and Kumba Iron Ore represent Mineral Resources excluding those converted to Mineral Reserves.

We provide Coal Resource estimates within LoMP and applicable modifying factors when converting Coal Resources to Coal Reserves. Mineral Resources and Mineral Reserves are reported at 100%, irrespective of the percentage attributable to Exxaro.

Explanations for material changes in year-on-year movements are provided as footnotes in the Mineral Resources and Mineral Reserves tables.

Table 8: Total attributable Coal Resources and Coal Reserves

Offloading coal at the tip bin at our Mafube open-pit operation, Mpumalanga