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Latest News: Merafe Resources Ltd. MERAFE [MRF]

Tue, 20 Jan 2026	Official Announcement [WDW]
Merafe - production report Merafe's attributable ferrochrome production from the Glencore Merafe Chrome Venture ("Venture") for the fourth quarter ended 31 December 2025 (the "Fourth Quarter") was 147t, resulting in a decrease of approximately 63% in production for the year ended 31 December 2025 (the "Current Period") compared to the year ended 31 December 2024 (the "Prior Comparative Period"). This reduction in production is primarily attributable to the suspension of production at the Venture's smelters due to adverse market conditions. The Company's attributable chrome ore production from the Venture in the Fourth Quarter was 222kt, resulting in a decrease of approximately 2% in production for the Current Period compared to the Prior Comparative Period. This decrease in production is mainly as a result of temporary equipment breakdowns experienced during the Current Period. The Company's attributable platinum group metals ("PGMs") concentrate production from the Venture in the Fourth Quarter was 4koz, resulting in an increase of approximately 5% in production for the Current Period compared to the Prior Comparative Period. This increase in production is largely due to higher feed tonnages.
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