WESIZWE PLATINUM LIMITED - Update on Production Strategy: Bakubung Platinum Mine Concentrator Plant

Update on Production Strategy: Bakubung Platinum Mine Concentrator Plant

WESIZWE PLATINUM LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2003/020161/06)
Share code: WEZ
ISIN: ZAE000075859
(“Wesizwe” or the “Company”)


UPDATE ON PRODUCTION STRATEGY: BAKUBUNG PLATINUM MINE
CONCENTRATOR PLANT

Shareholders are referred to the various announcements released on the Johannesburg
Stock Exchange News Service, the last of which was published on 30 March 2026 (“March
Announcement”) relating to the revised production strategy for the Bakubung Platinum Mine
(“BPM”), which entails a single-stage ramp-up to 3.5 million tonnes per annum (“Mtpa”).

In alignment with this strategy, the Company advises that the BPM concentrator plant has
been placed on care and maintenance while the Company prioritises underground
infrastructure development and completion of the Optimization Study referred to in the March
Announcement.

The decision aligns processing activities with the timing of underground stoping and the
availability of sufficient sustainable ore feed. Appropriate maintenance and preservation
activities will continue during this period to safeguard the plant and associated infrastructure.
The timing of the plant’s recommissioning will be informed by the progress of underground
development and the outcome of the Optimization Study.


The Company will continue to keep shareholders informed of all material developments.


Johannesburg
7 October 2026

Sponsor
PSG Capital
Date: 07/10/2026 10:31:00
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