Mineral Resources and Mineral Reserves

PRL reports its Mineral Resources and Mineral Reserves according to the reporting requirements of the SAMREC Code. The Mineral Resources and Mineral Reserves for each of the operations stated in this report have been

drawn from Competent Persons Reports (CPRs) that were compiled according to the reporting criteria of the SAMREC Code.

Cautionary Statement regarding MRM Mineral Resources and Mineral Reserves

The Mineral Resources and Mineral Reserves for MRM above are extracted from a CPR that is subject to final approval by the JSE, which may require amendment before formal approval is granted. The Probable Reserves are derived from Indicated Resources, the validity of which has been questioned by the JSE. Should all or part of the Indicated Resources be down-graded to an Inferred Resource, this will have to be disclosed by PRL. Should this materialize, PRL will have to issue a SENS announcement detailing the updated Mineral Resources and Mineral Reserves statement, together with a link to th final approved CPR on the company’s website.