Cabo Delgado:Montepuez Ruby Mining Limitada operational update

MRM Operational Update

London,, 24 OCTOBER 2022

On 20 October 2022, Gemfields updated the market regarding the Cabo Delgado insurgency and Gemfields’ decision at the time to initiate an evacuation of operational employees and contractors from Montepuez Ruby Mining Limitada (“MRM”), in which Gemfields holds a 75% interest.

The evacuation was initiated as an ample precaution due to an attack, attributed to insurgents, on the morning of Thursday 20 October 2022 on a neighbouring ruby mine located approximately 12km south-east of MRM’s operations. MRM’s security personnel and the Mozambique police force remained on site at MRM. The Mozambique military arrived at MRM later that day and will maintain a presence for the foreseeable future.

Key operational personnel have now returned to MRM and basic operations have resumed.

Mining and processing activities are being resumed in phases after giving due consideration to the threat perceptions in the licence area.

Gemfields and MRM hold the health and safety of their employees and contractors as their highest priority. MRM remains on a state of high alert and maintains regular dialogue with government authorities.

Source: GEMFIELDS GROUP LIMITED