Part of SVML's ESG Strategy

- Conservation Farming Program in Malawi:

- Training local farmers in sustainable techniques

- Supporting local communities to address their social priorities

Supporting Local Communities

- Includes techniques:

- Minimum soil disturbance, such as no-till farming

- Maintenance of a permanent soil cover, such as cover crops or crop residues

- Diversification of plant species, such as crop rotation

This initiative forms part of Sovereign's (SVML) ESG Strategy to develop its tier one Kasiya Rutile-Graphite Project while simultaneously restoring and improving the livelihoods of local communities.

The Program is being implemented by the Company's experienced team on the ground, which previously ran a very successful initiative for First Quantum Minerals Limited's Zambian operations where its conservation farming program has been effectively operating since 2010.

Between 2020 and 2022 harvest crops increased by 67% from 6,000 tonnes to 10,000 tonnes of maize, with over 7,000 farmers in the program at the end of 2022.