Inventories (Tables)

12 Months Ended

Jun. 30, 2026


	SA Rand
Figures in million	2026	2025
Final metals in lock-up	212	207
Work in process, ore stockpiles and finished inventories	2 126	1 437
Consumables at weighted average cost (net of provision) (a)	2 749	2 388
Total inventories	5 087	4 032
Non-current portion of final metals in lock-up included in Other non-current assets	(212)	(207)
Total current portion of inventories1	4 875	3 825
Included in the balance above is:
Inventory valued at net realisable value2	90	161

1Includes metals inventory and consumables attributable to the CSA mine. Refer to note 13 for further detail on the acquisition of MAC Copper.

2The inventory valued at net realisable value relates to non-current metals in lock-up.

(a)During the year, the provision for slow-moving and redundant stock decreased by R9 million (2025: R190 million), as a result

of a change in the provision estimate mainly relating to the percentage applied and the period lapsed. The total provision at

30 June 2026 was R281 million (2025: R290 million).