MS-Harmony Gold Mining Company Ltd Eva Copper project approved-20251124

What's happened? Harmony has announced the completion of the Feasibility Studyand Board FID for the Eva Copper Project in Northwest Queensland, Australia. Eva is100% owned by Harmony and will be developed as an open-pit operation. Togetherwith the recent acquisition of MAC copper (Cobar mine) in NSW, Harmony'sAustralian copper assets are expected to deliver ~100k tns Cu pa once fullycommissioned, according to the release. The key project metrics are set out below:

LOM production of 60k tn Cu pa and 19k oz gold pa over a 15 year LOM. 65ktn Cu concentrate pa over first 5 years.

Project capex of $1.55 - 1.75bn (AUD2.3 - 2.6bn) in real terms. This equates toa capital intensity of ~$26,000 - 29,000/tn of Cu.

3-year construction period with 1st production expected in 2HCY2028subject to Environmental Authority amendments.

C1 net cash cost over 1st 5 years of $2.07/lb; AISC over 1st 5 years of $2.49/lb.