Company announcements

Strategically important Eva Copper Mine Project granted Prescribed Project status

March 25, 2024

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Harmony Gold Mining Company Limited (Harmony or the Company) is pleased to acknowledge the Queensland Government’s declaration today of the Eva Copper Mine Project (the Project) as a ‘Prescribed Project’, in recognition of its social and economic significance to the state’s North West region.

The announcement, made by the Minister for State Development and Infrastructure, the Honourable Grace Grace MP, will support the coordination of approval processes required for the Project.

The Project is located on the traditional lands of the Kalkadoon People, 75 kilometres north of Cloncurry and 95 kilometres north-east of Mount Isa. It is expected to generate up to 800 jobs during construction and approximately 450 jobs during operations. The Company is currently updating a feasibility study to underpin the proposed development of the Project.

Harmony’s Chief Executive Officer, Peter Steenkamp, said the recognition of Eva’s distinct strategic importance and potential to contribute to the economic development of Queensland’s North West supports Harmony’s confidence in the Project.

“We appreciate the support of the Queensland Government and all stakeholders who supported our application for ‘Prescribed Project’ status,” Mr Steenkamp said.

Since acquiring the Project in December 2022, Harmony is conducting a feasibility update and has identified opportunities to enhance the asset and its contribution to stakeholders. This includes the introduction of renewable power and an optimised design that could potentially deliver greater production volumes.

ENDS

For more details, contact:

Jared Coetzer
Head: Investor Relations
+27 (0) 82 746 4120

Johannesburg, South Africa
19 March 2024

Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited