COPPER 360 LIMITED - Copper 360 takes delivery of its first shipment of underground mining equipment ahead of schedule for the Rietberg M

Copper 360 takes delivery of its first shipment of underground mining equipment ahead of schedule for the Rietberg M

Copper 360 Limited
(Incorporated in the Republic of South Africa)
Registration number 2021/609755/06
JSE Share Code: CPR ISIN: ZAE000318531
("Copper 360" or "the Company")


COPPER 360 TAKES DELIVERY OF ITS FIRST SHIPMENT OF UNDERGROUND MINING EQUIPMENT AHEAD OF SCHEDULE FOR THE
RIETBERG MINE

Highlights

     •    Instalment Sale Agreements have been entered into for the financing of underground equipment dedicated to the
          Rietberg Mine.
     •    First development underground at the Rietberg Mine is planned to commence within H1 some 3 months ahead of
          schedule.

Copper 360 has entered into an agreement with Epiroc Financial Solutions AB for the procurement of underground mining
equipment ('the Equipment'). The Equipment will enable the Company to extract sulphide ore from its underground mining
operation at the Rietberg Mine. Delivery of the equipment will take place in phases and will consist of a full fleet of Epiroc and
AARD underground equipment ranging from Loaders, Haulers, Drill Rigs, Scissors Lifts, Scalers, and a Grader.

The first delivery took place on 30 April 2024, ahead of its planned mining schedule to commence at the Rietberg Mine next
month. The equipment is financed with Instalment Sale Agreements, payable over a period of 36 months.

Jan Nelson, Chief Executive Officer of Copper 360 said: "The early delivery of our underground equipment marks another notable
milestone in the Company's forward momentum. The Copper 360 team has shown remarkable endeavour by securing mine
equipment well ahead of schedule."

Any forward-looking statements contained in this announcement have not been reviewed or reported on by the Company's
external auditors.

Stellenbosch

6 May 2024

Designated advisor: Bridge Capital Advisors Proprietary Limited

Date: 06-05-2024 11:15:00
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