Proposed sub-division of each Ordinary Share and approval of the demerger of Greenhills Resources Limited

The proposed de-merger is an important step in the execution of our stated strategy for the Company’s tin platform, Greenhills Resources Limited. Having built a critical mass of in-situ tin resources in Namibia and South Africa, with a near term production profile initially focused on the flagship Namibian Uis tin project, the time is opportune for Bushveld to launch a new stand-alone AIM listed dedicated tin platform, which will be called Afritin Mining Limited.  Afritin. Led by Anthony Viljoen, who has played a central role in the origination and development of the Company’s tin portfolio, will be supported by a sound management team with experience in bringing mines into production in Africa and a high caliber board of directors. Afritin gives our shareholders a direct interest in an AIM listed platform that is well poised to grow into a significant producer of tin initially and systemic growth as a consolidator of African tin assets over the longer term. Bushveld will retain a significant shareholding in and continue to support Afritin as it embarks on this new journey as an African tin champion creating a portfolio of world-class tin producing assets.

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