Mantengu sells Phalaborwa iron beneficiation plant for R 50 million

• Mantengu agreed on July 9, 2026 to sell its Phalaborwa iron beneficiation plant for ZAR 50 million.
• ZAR 20 million is payable on signing; ownership transfers on payment.
• ZAR 30 million is payable only if the plant reaches commissioning within 12 months, defined as 75% capacity for three months.
• The plant carried a book value of ZAR 16.5 million at Feb. 28, 2026; the disposal implies about ZAR 33.5 million profit.
• The deal includes a post-closing license agreement to let Mantengu exploit the related intellectual property commercially.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mantengu Ltd. published the original content used to generate this news brief via SENS, the regulatory disclosure system operated by the Johannesburg Securities Exchange (JSE) (Ref. ID: S524003), on July 13, 2026, and is solely responsible for the information contained therein.