DESTAQUES DE  INVESTIMENTO

Rosh Pinah Zinc is an operating underground zinc-lead mine with a 2,000 tonnes per day milling operation, located in southwestern Namibia, approximately 800 km south of Windhoek. The mine has been in continuous operation since 1969, producing zinc and lead sulphide concentrates, as well as smaller amounts of copper, silver and gold. Appian plans to restart the Rosh Pinah 2.0 expansion project which envisages the construction of new processing facilities, including the addition of a paste fill and water treatment plant, as well as a dedicated portal and decline to extended deposits. The project will increase mill throughput from 0.7 million tonnes to 1.3 million tonnes of ore per annum, increasing zinc equivalent production to 170 million pounds per annum, on average.

Zinc is a crucial base metal within the global economy and projected to play an increasingly important role in the energy transition. Zinc is used in the infrastructure, automotive and construction industries and is increasingly used in the production of EV critical alloys.

The Rosh Pinah Zinc mine has a number of strong fundamentals including:

• Controlling ownership enabling Appian to apply its best-in-class technical and operating capabilities to optimize existing operations and deliver the Rosh Pinah 2.0 expansion project safely
• Attractive expansion project that will significantly improve the mine’s cost position and extend mine life
• Significant upside from near mine exploration and already identified prospects
• Operating mine with an experienced management team that has strong technical skills and in-depth knowledge of the asset

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