REG - Tharisa PLC - Erratum: Production report Q3 FY2025

TharisaAnnouncement

Mon 13:45

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RNS Number : 9730Q  Tharisa PLC  14 July 2025

Tharisa plc

(Incorporated in the Republic of Cyprus with limited liability)

(Registration number HE223412)

JSE share code: THA

LSE share code: THS

A2X share code: THA

ISIN: CY0103562118

LEI: 213800WW4YWMVVZIJM90

('Tharisa' or the 'Company')

 

ERRATUM: PRODUCTION REPORT FOR THE THIRD QUARTER FY2025 ENDED 30 JUNE 2025

 

On 9 July 2025, Tharisa the mining, metals, and innovation company dual-listed
on the Johannesburg and London stock exchanges, announced its production
results for Q3 FY2025 and cash balance at 30 June 2025.

 

The Company inadvertently understated its cash balance as it did not account
for cash held on deposit with a financial institution. The correct number for
cash on hand is US$164.6 million (9 July 2025 announcement reported as
US$150.9 million) with debt remaining as reported at US$121.5 million,
resulting in a net cash position of US$43.1 million (9 July 2025 announcement
reported as US$29.4 million).

 

All other information disclosed in the production results for Q3 FY2025
remains unchanged.

 

Paphos, Cyprus

14 July 2025

JSE Sponsor

Investec Bank Limited

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Investor Relations Contacts:

Ilja Graulich (Head of Investor Relations and Communications)

+27 11 996 3500

+27 83 604 0820

igraulich@tharisa.com (mailto:igraulich@tharisa.com)

 

Broker Contacts:

Peel Hunt LLP (UK Joint Broker)

Ross Allister / Georgia Langoulant

+44 207 418 8900

 

BMO Capital Markets Limited (UK Joint Broker)

Thomas Rider / Nick Macann

+44 207 236 1010

 

Berenberg (UK Joint Broker)

Matthew Armitt / Jennifer Lee / Detlir Elezi

+44 203 207 7800

 

About Tharisa

Tharisa is an integrated resource group critical to the energy transition and
decarbonisation of economies. It incorporates exploration, mining, processing
and the beneficiation, marketing, sales, and logistics of PGMs and chrome
concentrates, using innovation and technology as enablers. Its principal
operating asset is the multi-generational Tharisa Mine, located in the
south-western limb of the Bushveld Complex, South Africa. Tharisa is also
developing the Karo Platinum Project, a tier-one PGM asset located on the
Great Dyke in Zimbabwe, while simultaneously focusing on beneficiation in the
form of chrome and PGM alloys. A 15-year Power Purchase Agreement for the
procurement of wheeled renewable energy and a 40 MW solar project will ensure
that Tharisa Minerals' drive to reduce its carbon footprint by 30% by 2030 is
well within reach, forming a major part of a roadmap to become net carbon
neutral by 2050. Redox One is accelerating the development of a proprietary
iron chromium redox flow long-duration battery utilising the commodities we
mine. Tharisa plc is listed on the Johannesburg Stock Exchange (JSE: THA) and
has an Equity Shares (Transition) Category listing on the London Stock
Exchange (LSE: THS).

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