Namib Minerals is an underground gold mining company operating three mines in Zimbabwe: How Mine, which is actively producing, and Mazowe Mine and Redwing Mine, which are being repositioned for restart. The company generates revenue by selling all gold production to Fidelity at London Base Metal Association spot prices, subject to variable royalties based on gold pricing and regulatory requirements governing currency payment splits. Through its established mines with substantial mineral resources and a development strategy focused on increasing milling capacity and conducting life-of-mine extension projects, the company aims to leverage Zimbabwe's favorable investment environment and its own operational efficiency—supported by shallow mining depths and free-milling ore—to become a leading Pan-African precious and critical metals producer.