Coal Resources and Coal Reserves quoted for Exxaro-managed assets fall within existing Exxaro mining or prospecting rights.

Rights are of sufficient duration (or convey a legal right to convert or renew for sufficient duration) to enable all Coal Reserves to be mined in line with current production schedules. The only exceptions are Grootegeluk (granted in February 2011 for 30 years), Thabametsi (granted in 2016 for 30 years), Matla (granted for 10 years), Dorstfontein (granted for 30 years) where adequate Coal Reserves exist for life-of-mine (LoM) plans extending well beyond the period for which they were granted. Exxaro's prospecting and mining authorisations are managed to ensure reporting compliance as required by the Mineral and Petroleum Resources Development Act, 2002 (Act 28 2002) and the National Environmental Management Act, 1998 (Act 107 of 1998).

The status of prospecting and mining rights indicating the right type, name, reference number, status, expiry date and ownership (percentage attributable to Exxaro) is presented in Table 74 and Table 75. The prospecting and mining right boundaries are also outlined in the discussion of individual operations and projects in the ancillary section (Belfast mine). Material notes regarding mining tenure are provided below.

MPUMALANGA

Exxaro manages several operations in Mpumalanga (Figure 5 on Our Mineral Resources and Mineral Reserves statement).

At Matla mine, communication received from the Department of Mineral Resources and Energy (DMRE) confirmed the mining right lapse date as 4 March 2025. The converted mining right and adjacent new mining right at Leeuwpan mine have been executed and registered. Approval of ministerial consent (section 102 of the Mineral and Petroleum Resources Development Act) submitted to amalgamate the two rights has been granted.

Our Belfast mining right (431MR) lapses on the 20th February 2043. An objection to a conflicting prospecting right application, which partially overlaps our right, was submitted to the DMRE. Response is pending but Exxaro has reasonable expectation that the illicit third-party application will be rejected.

The ECC complex comprises the Dorstfontein, Forzando and Tumelo operations.

The Dorstfontein complex comprises three mining rights. The mining rights of Dorstfontein West (123MR executed in June 2012), Dorstfontein West/Vlakfontein (119MR executed in June 2012) and Dorstfontein East (51MR executed in December 2006) were granted for 30 years. A new prospecting right application submitted for Rietkuil Vhakoni, an area adjacent to the Dorstfontein mining rights, is pending. Exxaro has reasonable expectation that the right will be granted. ECC lodged an appeal for a conflicting prospecting right application located over parts of the Dorstfontein West (119MR) mining right on the farm Vlakfontein 72 IS. We lodged the appeal on September 2017 and have reasonable expectation that it will be successful.

Figure 6: Locality map for ECC mining and prospecting rights

The Forzando complex comprises two mining rights: Forzando South (380MR) and Forzando North (381MR) both granted in November 2011 for 16 years. Applications to renew the prospecting right of Legdaar (1846PR) and Vlaklaagte (1140PR) were timeously submitted and approvals are pending. A new prospecting right submitted for Kalabasfontein, an adjacent area to the Forzando South mining right, is pending. Exxaro has reasonable expectation that the right will be granted.

ECC also holds a 49% interest in the prospecting right of Schurvekop (1063PR) with Mmakau Coal as the majority owner. A mining right submitted by Mmakau Coal in 2016 is progressing well.

The Tumelo mining right was registered in January 2013 and lapsed in 2015. A renewal was timeously submitted, approval granted in early 2019, executed in August 2019 and will lapse in January 2025.

LIMPOPO

Exxaro's Grootegeluk complex includes Grootegeluk and the adjacent Thabametsi mining rights (Figure 4 on Our Mineral Resources and Mineral Reserves statement).

The converted Grootegeluk mining right (46MR) was executed in March 2011 and registered in May 2012 for a period of 30 years. An approval for ministerial consent (section 102 of the Mineral and Petroleum Resources Development Act) was submitted in September 2017 to include two mine dump areas that currently fall outside the mining right. This consent has been granted and execution is pending. Thabametsi was granted a mining right (10013MR) for 30 years. The mining right was executed in June 2016 and registered in July 2016.

The Waterberg prospecting rights were relinquished in 2019 and are in closure.

AUSTRALIA

The Moranbah South project area in Australia includes two mineral development licences (MDLs 277 and 377) and one exploration permit for coal (EPC 548). Licence MDL 277 lapses in July 2021 and a renewal application was lodged in accordance with the Queensland regulations. Licence MDL 377 expires in September 2023 and EPC 548 in February 2022. The majority of exploration activities, including geophysical surface seismic surveys and drilling, are focused within the two MDLs.

Figure 7: Locality of the Australian MDLs and EPCs