Meridian Mining Announces Corporate Updates

Group 1: Management Changes - Mr. David Halkyard has been appointed as the Chief Financial Officer (CFO) of the Company effective November 25, 2025 [1] - Ms. Catherine Apthorpe has been appointed as Corporate Secretary following the resignation of Ms. Mariana Bermudez, who left to pursue other business opportunities [1] - The CEO, Mr. Gilbert Clark, expressed confidence in the expanded finance team and welcomed Ms. Apthorpe, highlighting her extensive corporate and legal experience [3] Group 2: Name Change and Corporate Structure - The Company will complete its name change from Meridian Mining UK Societas to Meridian Mining Plc, effective for trading on December 10, 2025, following its conversion to a public limited company [2] - The Company's ISIN has changed to GB00BVPND783 and the CUSIP to G6017H 103, with previous identifiers now inactive [2] Group 3: Project and Financial Highlights - The Cabaçal Gold-Copper Project has a base case after-tax NPV5 of USD 984 million and an IRR of 61.2%, with a pre-production capital cost of USD 248 million, leading to capital repayment in 17 months [4] - The project has a low All-in-Sustaining-Cost of USD 742 per ounce gold equivalent and a production profile of 141,000-ounce gold equivalent over its life [4] - The Cabaçal Mineral Reserve estimate consists of Proven and Probable reserves of 41.7 million tonnes at 0.63g/t gold, 0.44% copper, and 1.64g/t silver [5] Group 4: Exploration and Development Focus - The Company is focused on the development and exploration of the advanced stage Cabaçal VMS gold-copper project and initial resource definition at the Santa Helena asset [6] - There is a regional scale exploration strategy for the Cabaçal VMS belt and exploration in the Jaurú & Araputanga Greenstone belts, all located in the State of Mato Grosso, Brazil [6]