Syrah signs its second Community Development Agreement in Mozambique

In December 2025, Syrah’s Mozambique subsidiary, Twigg Exploration and Mining Limitada (“Twigg”), finalised a new Community Development Agreement (“CDA”) with Balama community and government representatives, committing a further US$5 million investment in social and economic development initiatives over the next five years to 2030.

The CDA is a formal framework established between Twigg, host communities, and the Mozambique Government for the delivery of direct, measurable, and sustainable socio-economic benefits to surrounding communities while promoting inclusive participation in local development decision-making.

Priority initiatives are identified through community needs assessments and stakeholder mapping, followed by the development of annual implementation plans outlining scope, budget, timelines, key performance indicators and risks. Projects are discussed and endorsed by the Local Development Committee, a tripartite body comprising representatives of the Company, Government, and community-elected members.

The signing of the new CDA followed an assessment of the previous CDA, informed by its successful implementation, community and stakeholder feedback, updated Mozambican regulatory guidance, and lessons learned from its initial implementation since 2017. Under the previous CDA, Syrah committed US$4 million in community investment, with US$4.4 million fully disbursed to date.

Investments to date focused primarily on infrastructure, health, education, training and income-generation initiatives, including:

• Sustainable Income Generation Activities (“SIGA”) including horticulture, beekeeping, and farming irrigation systems

• Three solar-powered primary schools

• Balama Professional Training Centre

• Central wholesale market

• Community centre

• Road rehabilitation and repairs

• Potable water boreholes installed in all host communities

• Medical facility