INVESTORS OVERVIEW

Investment case

While Letšeng Mine is renowned for its large, high-value white diamonds, the Group has a number of other attributes that make it a unique and compelling investment proposition:

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Large, high-value diamonds

Large high-value diamonds recovered from the Letšeng mine account for 75% to 80% of the Group’s revenue annually, making Letšeng the highest average dollar per carat kimberlite diamond mine in the world.

Since the Letšeng mine was acquired in 2006, it has recovered 121 greater than 100 carat rough diamonds. In addition, it has also produced high-quality pink and blue diamonds.

Low-cost operator

Operating costs per tonne at the mine are among the lowest in the world and the Group continues to realise ongoing benefits from the implemented BT initiatives and the ongoing CI programme currently being rolled out.

Long life asset

Letšeng is a long-term asset with the possibility of further underground expansion.

Cash generating, strong balance sheet and proven financial resilience

The Group maintains a strong balance sheet, generated positive cash flow and produced strong financial results during challenging times, including the COVD-19 pandemic.

Internal growth opportunities

The Group continually explore ways to optimise its operating model, reduce diamond damage and embed a culture of continuous improvement to extract maximum value from its operations, in line with its strategic pillar.

Transparent, world-class multichannel sales and marketing

Advanced mapping and analysis of diamonds assists strategic selling, partnering or manufacturing decisions to achieve the highest value through multiple selling channels.

Responsible, agile leadership

Experienced global Board and Executive Management with a track record of successful mine plan optimisation and cost reduction.

Significant in-country experience and expertise has and continues to be developed at our operations.

Embedded Board governance

Commitment to ethical business practices and good corporate governance.

Disciplined capital allocation

The Group is committed to distributing its financial resources in ways that will increase its efficiency, and maximise its profits and deliver a sustainable return to shareholders.

Integrated environmental, social and governance (ESG) strategy

We are committed to promoting a culture of zero harm and responsible care to minimise our impact on the environment and optimise the benefit for our communities.

 

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Shareholder information

Regular engagements with shareholders and other stakeholders provide relevant input for decision-making, promote the long-term sustainability of the Group and enable our contribution to wider society.

Shareholder information

Regulatory news

Our archive holds all relevant news and RNS releases as part of our listing requirements for the LSE.

Regulatory news

Corporate governance

Good governance is not dependent on laws but on the principles and qualities of those who govern them.

Corporate governance