Dec. 3 at 3:36 PM
$LVXFF The key asset of the AfriMetals Entities is the land package commonly referred to as the Central Project (“Central”), which directly adjoins MMG’s Khoemacau group of deposits and discoveries (“Khoemacau”), (combined Measured and Indicated Mineral Resources of 94Mt @1.8% Cu and 22 g/t Ag and Inferred Mineral Resources of 188Mt @1.6% Cu and 20 g/t Agii) on the Kalahari Copper Belt (the “KCB”) which, together with the nearby Banana Zone, Zone 6 and Ophion (combined Measured and Indicated Mineral Resources of 33Mt @1.4% Cu and 21 g/t Ag and Inferred Mineral Resources of 141Mt @0.9% Cu and 10 g/t Ag) were acquired by MMG Ltd in 2023 for US
$1.9 billion.