The content of this report is compiled from detailed independent reports received from appointed competent persons at our various operations and projects, available on request from the group company secretary. The reported Coal Resources and Coal Reserves presented here are therefore summaries from these reports.

The information in the CMRR report is aligned with the JSE Listings Requirements (section 12:13) and includes information on reporting governance, competence, tenure, risk, liabilities, exploration and assurance as well as ancilliary descriptions of applicable projects, operations and exploration activities.

In addition, each operation and project maintains an individual competent person's report that encapsulates the systematic and detailed estimation process conducted or supervised by that person. These reports are aligned with the checklist and guidelines of the reporting and assessment criteria of the SAMREC Code and scrutinised and updated when required. Exxaro continuously examines various aspects of the Coal Resource and Coal Reserve estimation process and we have revised and aligned our reporting with the guidelines of the SAMREC Code.

OUR REPORTING PRINCIPLES

Exxaro is committed to the principles of materiality, transparency and competence, and continuously strives to enhance the level of estimating and reporting of Coal Resources and Coal Reserves.