Transactions

New Century Resources

Sibanye-Stillwater, on October 27, 2021 announced that it has entered into investment agreements to acquire a 19.99% shareholding in New Century Resources Limited (Ticker ASX: NCZ) (New Century) through a new equity placement, and sub-underwriting of a New Century entitlement offer, for a maximum cash consideration of US$46 million (the Transaction). The Transaction is expected to be completed in December 2021, with a portion (outlined in the “Transaction details” section) subject to approval by New Century shareholders.

Santa Rita & Serrote, Brazil

Subsequent to the signing of the Atlantic Nickel SPA and the MVV SPA a geotechnical event occurred at Santa Rita. The Company assessed the event and its effect and has concluded that it is, and is reasonably expected to be, material and adverse to the business, financial condition, results of operations, the properties, assets, liabilities or operations of Santa Rita. Accordingly, pursuant to the terms of the Atlantic Nickel SPA, Sibanye BM Brazil (Proprietary) Limited (the "Purchaser"), a wholly owned subsidiary of Sibanye-Stillwater, gave notice of termination of the Atlantic Nickel SPA on 24 January 2022.

Rhyolite Ridge, Nevada

Sibanye-Stillwater Limited is pleased to announce that it has reached agreement with ioneer Limited to establish a joint venture with respect to the Rhyolite Ridge Lithium-Boron Project. Following the satisfaction of all conditions precedent as detailed in Transaction Details, paragraph 4 below, Sibanye-Stillwater will contribute US$490 million for a 50% interest in the Joint Venture, with ioneer maintaining a 50% interest and retaining the operational management responsibility for the Joint Venture.

Sandouville

Sibanye-Stillwater announced on 30 July 2021, that it has entered into an exclusive put option agreement (“Put Option”) with French mining group Eramet SA (Eramet) for the acquisition of 100% of the Sandouville nickel hydrometallurgical processing facility, located in Normandy, France

Odd-lot offer

Sibanye-Stillwater shareholders (“Shareholders”) are referred to the circular to Shareholders dated 2 November 2020, which contained details regarding the odd-lot offer (“Odd-lot Offer”) to Shareholders holding fewer than 100 Sibanye-Stillwater shares (“Odd-lot Holders”) and a specific offer (”Specific Offer”) to Shareholders holding 100 Sibanye-Stillwater shares or more but equal to or fewer than 400 Sibanye-Stillwater shares (“Specific Holders”), (collectively, “Offers”).

Keliber

Keliber is an advanced lithium project, located in the Kaustinen region of Finland, one of the most significant lithium-bearing areas in Europe.

Marathon project

Sibanye-Stillwater enters into a strategic acquisition agreement with Generation Mining to further its Marathon project.

News release

Acquisition of Lonmin

The combination with Lonmin positions the enlarged Sibanye-Stillwater Group as a leading mine-to-market producer of PGMs in South Africa. The realisation of significant synergies between the operations, will deliver longer term benefits for all stakeholders of both companies is expected to result in this being a value accretive transaction for Sibanye-Stillwater shareholders.

DRDGOLD

On 10 January 2020 Sibanye-Stillwater announced that it will increase its shareholding in DRDGOLD from 38.05% to 50.1% which will be effective on 22 January 2020.

Altar project exploration partnership

On 29 June 2018, Sibanye-Stillwater entered into an arrangement agreement with Regulus Resources Inc. and a newly formed subsidiary of Regulus, Aldebaran Resources Inc., creating a strategic partnership in order to unlock value at its Altar copper-gold project in San Juan Province, Argentina.

Stillwater acquisition

This transaction offered a unique and transformative opportunity to acquire world class, low-cost international PGM assets, further enhancing Sibanye’s asset portfolio and creating a globally competitive South African mining champion with a unique commodity mix.

Aquarius acquisition

The Aquarius Transaction had a strong strategic and financial rationale for Sibanye, both on a stand-alone basis and particularly when considered in conjunction with the prior agreement to acquire Rustenburg PGM operations from Anglo American Platinum.

Rustenburg operations

This transaction represented a meaningful entry for Sibanye into the Platinum Group Metals (“PGM”) sector, securing over 800,000 ounces of annual 4E PGM production and a large high quality resource of over 88 million oz of 4E PGMs offering the potential for substantial LOM extensions and/or growth.

Recent transactions

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Marikana

DRDGOLD