Geita — gold mine

Geita is a managed gold operation in Tanzania. 2025 production was supported by improved head grade (3.26 g/t, +8%) from Nyamulilima Cut 2 open cut and higher grade ore. 2025 throughput dropped 4% due to unplanned maintenance and post-election incidents. Transition to TANESCO national grid (~45% renewable supply) stabilised during year (90% availability). FAP introduced tele-remote bogging from surface. The Company allocated an additional $15m per year for three years to grow the Mineral Reserve to extend mine life from seven to >10 years at ~500,000oz/yr. A conceptual study indicates potential to lift to ~600,000oz/yr for a decade; detailed feasibility commenced Q4 2025 (completion 2027). Net VAT receivable closing balance at Dec 31 2025 was $171m (2024: $163m).