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29/07/2025 , 09:19 ANGLO AMERICAN PLATINUM LIMITED - Approval of the Mototolo / Der Brochen life extension project , and update on 2021 guidanc ... ANGLO AMERICAN PLATINUM LIMITED - APPROVAL OF THE MOTOTOLO / DER BROCHEN LIFE EXTENSION PROJECT , AND UPDATE ON 2021 GUIDANCE AND OUTLOOK 10 December 2021 9:02 Valterra PLATINUM Approval of the Mototolo / Der Brochen life extension project , and update on 2021 guidance and outlook Anglo American Platinum Limited ( Incorporated in the Republic of South Africa ) ( Registration number : 1946/022452/06 ) Share Code : AMS ISIN : ZAE000013181 ( " The Company " or " Anglo American Platinum " ) 10 December 2021 Anglo American Platinum approves the Mototolo / Der Brochen life extension project , and provides an update on 2021 guidance and outlook Board approves the R3.9 billion Mototolo / Der Brochen life extension project The Future of Mogalakwena continues to make progress Refined PGM production guidance for 2021 increased to between 5.0 -5.1 million ounces Approval of the Mototolo / Der Brochen life extension project Anglo American Platinum announces that its Board has approved the Mototolo / Der Brochen life extension project . The development of the project leverages the existing Mototolo infrastructure , enabling mining to extend into the adjacent and down - dip Der Brochen resource , which will extend the life of mine beyond 30 years . The approval of the project supports the Company's strategic priority of maximising value from its core portfolio of assets , investing capital into this life - extension project which is expected to be value- accretive and generate strong returns . The Der Brochen UG2 orebody will use the same bord and pillar extraction method as Mototolo mine , and will be a fully mechanised operation , positioned in the bottom half of the primary PGM producer cost curve . The project includes development of a new shaft to replace the depleting Mototolo reserves ( Lebowa and Borwa shafts ) , maintaining the 240,000 tonnes per month mining rate . With the completion of the concentrator debottlenecking project in Q3 2021 , production from Mototolo / Der Brochen is expected to be maintained at around 250,000 PGM ounces per year . The execution of the project will begin in Q1 2022. The total capital investment is expected to be R3.9billion ( c . $ 245 million ) in nominal terms . Capital investment is over six years , with the majority of capital invested in 2022 , 2023 and 2024. The financial returns of the project are expected to be robust , with an IRR of over 25 % and payback of around six years from first production ( expected in late 2023 ) , based on consensus pricing . Natascha Viljoen , CEO of Anglo American Platinum , comments : " The Der Brochen project is one example of the high - quality , low - cost expansion options we have available in our existing portfolio of assets that will allow us to continue delivering industry - leading returns to shareholders . We are also progressing our various workstreams at Mogalakwena to ensure we realise the full potential of this world - class resource to the benefit of stakeholders for many decades to come . In addition , the strong performance by our processing operations over the period illustrates the significant work we have been doing to improve asset reliability in the business . Despite the challenges posed by Covid - 19 , our business is well - positioned to continue benefiting from the strong market fundamentals for PGMS . " https://irhosted.profiledata.co.za/amplats/SensPopUp.aspx?id=404669 1/5 55