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NORTHAM PLATINUM HOLDINGS LIMITED - Northam concludes a ten-year offtake agreement with Ivanplats

Release Date: 09/12/2021 07:05
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Northam concludes a ten-year offtake agreement with Ivanplats

Incorporated in the Republic of South Africa                     Incorporated in the Republic of South Africa
Registration number: 2020/905346/06                              Registration number: 1977/003282/06
Share code: NPH ISIN code: ZAE000298253                          Debt issuer code: NHMI
(“Northam Holdings” or, together with its subsidiaries,          Bond code: NHM007        Bond ISIN: ZAG000158593
“Northam”)                                                       Bond code: NHM009        Bond ISIN: ZAG000158866
                                                                 Bond code: NHM011        Bond ISIN: ZAG000159237
                                                                 Bond code: NHM012        Bond ISIN: ZAG000160136
                                                                 Bond code: NHM015        Bond ISIN: ZAG000164922
                                                                 Bond code: NHM016        Bond ISIN: ZAG000167750
                                                                 Bond code: NHM018        Bond ISIN: ZAG000168097
                                                                 Bond code: NHM019        Bond ISIN: ZAG000168105
                                                                 Bond code: NHM020        Bond ISIN: ZAG000172594
                                                                 Bond code: NHM021        Bond ISIN: ZAG000181496
                                                                 (“Northam Platinum”)


Northam is pleased to announce that it has concluded a ten-year purchase of platinum group metal (“PGM”) concentrate
agreement (“Offtake Agreement”) with Ivanplats Proprietary Limited (“Ivanplats”), a subsidiary of Ivanhoe Mines
Limited (“Ivanhoe Mines”), as published on Wednesday, 8 December 2021, on SEDAR (

In terms of the Offtake Agreement, Northam Platinum will purchase 20 000 tonnes of PGM concentrate per annum
(“Offtake Volume”), representing approximately 50% of PGM concentrate to be produced from Phase 1 of the Platreef
Project. Ivanplats retains the option to reduce the Offtake Volume by up to a maximum of 5 000 tonnes per annum.
Production from the Platreef Project is scheduled to commence in 2024.

Paul Dunne, Northam Holdings’ Chief Executive Officer, commented “Northam is pleased to have secured
significant future off-take of metal relating to a very important orebody. The Ivanplats orebody is one of a very few
remaining untapped large PGM resources. It is mechanisable and situated in a geographically important area. The
metal content is especially favourable to Northam’s operational requirements and will be complimentary to our own
production profile. The transaction serves to further de-risk Northam’s operations from a mine to market perspective,
providing additional diversification of supply over a ten year period, whilst enhancing the flexibility and utilisation of our
recently upgraded metallurgical processing facilities.”

About the Platreef Project

The Platreef Project is owned by Ivanplats, which is 64% owned by Ivanhoe Mines. The Platreef Project hosts an
underground deposit of thick PGMs, nickel, copper and gold mineralisation on the Northern Limb of the Bushveld
Igneous Complex in Limpopo Province, approximately 280 kilometres northeast of Johannesburg and eight kilometres
from the town of Mokopane. Source:

9 December 2021

Corporate Advisor and Sponsor to Northam Holdings                     
One Capital                          

Corporate Advisor and Debt Sponsor to Northam Platinum
One Capital
Date: 09-12-2021 07:05:00
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