Sharenet Sites 
Sharenet Sites
Strategic Repositioning to Higher Grade Sources of Ore and Operational Restructuring
COPPER 360 LIMITED
Incorporated in the Republic of South Africa
(Registration number 2021/609755/06)
Share code: CPR
ISIN: ZAE000318531
("Copper 360" or "the Company")
STRATEGIC REPOSITIONING TO HIGHER GRADE SOURCES OF ORE AND OPERATIONAL RESTRUCTURING
Shareholders are advised that the Board of Directors has approved a strategic operational restructuring
focused on accelerating the development of it's higher-grade in-situ ore at the Rietberg mine and has
suspended the processing of its lower-grade broken stock / waste material. The Group's operational focus and
available capital will be redirected toward underground development activities at Rietberg over the next four
to five months, with the objective of accessing the higher-grade in-situ ore body and with the aim of improving
operational economics and long-term sustainability.
The restructuring initiative is aimed at aligning the Group's cost base, preserving cash resources and
positioning the Group toward a sustainable long-term operating model. Processing operations associated with
broken stock material will be temporarily suspended while development activities at Rietberg are prioritised.
As part of the restructuring process, the Group has commenced the required labour consultation processes in
accordance with applicable labour legislation as part of aligning the workforce structure with the revised
operating model. The Board acknowledges the impact this process may have on a?ected employees, and these
decisions were not taken lightly but are considered necessary to support the long-term sustainability and
future viability of the business. Broader operational optimisation initiatives are also being implemented to
improve e?ciencies and reduce operating costs.
The Group believes this strategic repositioning reinforces the long-term potential of Copper 360's multi-mine
model, which includes 12 previously operating mines and approximately 60 identified copper prospects and
mineralisations. The Group also retains significant processing optionality through its SX-EW plant and the MFP1
plant, which remains approximately 80% complete and once commissioned it has the potential to more than
double Copper 360'sprocessing capacity.
Rupert Smith, Chairman of the Board commented: "The Board, in conjunction with mining and technical
consultation and advice, has undertaken and completed a holistic overview and assessment of the Company's
business and activities. It is our conclusion that the restructuring as proposed is a necessary and decisive step
to preserve capital, and to reposition the Company in a sustainable operating model. By focusing on the
development of higher-grade in-situ ore at Rietberg, we are aligning the Company with the strongest
opportunities within its asset base and creating a robust foundation for long-term profitability and value
creation.
While the transition involves di?cult decisions, the Board remains encouraged by the quality of the Company's
assets, and the strategic initiatives undertaken to achieve sustainable profitability in the near future.
We remain committed to keeping shareholders informed and will provide further updates as initiatives
advance".
11 May 2026
Stellenbosch
Designated Advisor: Bridge Capital Advisors Proprietary Limited
Date: 11-05-2026 05:15:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
