Tharisa plc

Good morning ladies and gentlemen and welcome to the Teresa PLC investor presentation. Questions are encouraged, they can be submitted at any time via the Q&A tab that's just situated on the right hand corner of your screen. Please just simply type in your questions and press send. The company may not be in a position to answer every question it receives during the meeting itself, however the company can review all questions submitted today and will publish our responses where it's appropriate to do so on the InvestorMeet company platform. Before we begin, as usual, we would just like to submit the following poll, and if you could give that your kind attention, I'm sure the company would be most grateful. And I'd now like to hand you over to CEO, Fivos Peroulis. Good morning, sir.

Good morning and welcome everyone to this half-year results presentation for our financial year 2026. With me today in the room is our CFO Michael Jones and CFO Designate Jacques Breitenbach who will be taking over from Michael from the 1st of August as Michael enters his retirement. So Really starting off with our intent and purpose statement of redefining resources, innovating with purpose and empowering futures. And we'll unpack those three pillars during the course of this morning. This is our agenda for the day, running through predominantly the financial highlights for the half year, but really touching on what we're doing beyond just mining and looking into our vision 2030 and our strategy around commercializing some of these innovative initiatives. I'd like to take a moment now to share a video that's been created by our team that spans across South Africa and Zimbabwe. So, Jake, over to you if you could share that video. Thank you.

The world depends on the responsible use of its natural resources. At Teresa, we are redefining how those resources are unlocked. through an integrated multi-commodity approach that delivers multi-generational value. Safety is our license to operate. It's our core value. It's embedded in every aspect of our business, from planning and design to execution on the ground, because our people are at the heart of everything we do. Our core product model enables the simultaneous extraction of platinum group metals and chrome concentrates, maximizing resource efficiency, minimizing environmental impacts, innovating with purpose. As a low-cost open-pit operation with integrated processing, we extract full utility across the value chain, consistently and at scale. This disciplined long-life approach defines the Tarisa investment case. A long-life asset base, disciplined capital allocation, and a cash generative business model designed to perform across cycles our underground transition marks a significant step forward extending our life of mine by more than 60 years and strengthening long-term value for our stakeholders it's an investment not only in our business but in empowering the future of the south african economy and the communities in which we operate As part of our unwavering commitment to South Africa's future, we have pledged 10.2 billion rand to drive local growth, industrial capacity and inclusive development. Sustainability at Tareesa is not an add-on. It's fully embedded in how we operate. From responsible water and land stewardship to meaningful, impactful community engagement, we are committed to creating shared long-term value our vision extends beyond south africa caro platinum is a next generation pgm mine under construction in zimbabwe advancing our strategy to build a globally relevant integrated resource group through downstream beneficiation and innovation we are unlocking new opportunities across our resource base extending value beyond extraction and into application, from infrastructure development to decarbonization to energy storage. Our purpose is clear. Redefining resources. Innovating with purpose. Empowering futures. Teresa, an integrated resource group, future focused and committed to playing a pivotal role in the global energy transition and decarbonization journey, delivering value with lasting intent.