6 June 2025

Ironveld PLC

Post-Blast Imagery and DMS Plant Visuals Released

Ironveld PLC ("Ironveld" or the "Company"), the mining development company focused on producing high-value strategic metals, is pleased to announce that, further to this morning's announcement regarding the successful first blast at the planned opencast pit at Altona by Lapon Mining, the Company has released the following images.

The photographs include pre- and post-blast visuals from the Altona site, clearly showing the establishment of the exposed ore zones. Additional images show the  Joint Venture processing plant, which will produce Dense Media Separation (DMS) grade magnetite, located approximately two kilometres from the Lapon mining site.

These visuals provide shareholders with insight into the ongoing operational progress and infrastructure readiness as Ironveld advances towards steady-state ore production and processing.

Please see the images below.

Figure 1 and 2: Images of the opencast pit at Altona, while connecting the ignition system before the blast occurred

Figure 3 and 4: Images, from a distance, of the blast that occurred at the opencast pit

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 Figure 5: The opencast pit following the blast, showing unweathered magnetite ore

Figure 6: Kris Andersson, CEO, and Dr. Peter Cox, Technical Director at the Altona site, following the successful blast operation.

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Figure 7, 8 and 9: Images of the JV processing plant, which will produce DMS grade magnetite, located approximately two kilometres from the Altona mining site

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