The Karo Platinum Project ('Karo Project') is a long-life asset with an initial 20 year life of mine ('LOM'). It has initial probable reserves of 35.5 Mt at 2.31 g/t and 2.6 Moz (5PGE+Au) and a 3PGE+Au resource prill split favouring platinum (45.0%), palladium (42.0%) rhodium (4.0%) and gold (9.0%) with material base metal credits. The project is owned 66.3% owned by Tharisa plc.