The Shingai Itai Consortium confirms that discussions with Business Venture Investments No. 2243 Proprietary Limited (“BVI”) regarding the proposed acquisition of the Jwayelani assets have been formally terminated.

The decision follows a comprehensive review of the proposed transaction and careful consideration by all parties involved.

After evaluating the commercial and strategic considerations related to the acquisition, the Consortium has determined that it will not proceed further with the proposed transaction.

The Consortium appreciates the engagement that took place throughout the process and remains committed to exploring opportunities that align with its long-term strategic objectives and deliver sustainable value.