Announcement • Jul 22
Firering Strategic Minerals plc Announces Hot Commissioning of Third of Eight Planned Kilns at its Limeco Quicklime Project in Zambia Firering Strategic Minerals plc announced the hot commissioning of the third of eight planned kilns at its Limeco quicklime project in Zambia. With three kilns now in operation, Limeco is transitioning from breakeven into profitable production and is on track to becoming one of the largest high-quality lime producers in Zambia. Hot commissioning of Kiln 3 has commenced following completion of planned renovations. Gasifier refired and Kilns 1 and 2 back in production, with Kiln 3 to follow once it reaches the required temperatures. Combined production expected to exceed 200 tonnes per day as Kiln 3 ramps up, putting Limeco on track to becoming one of the largest high-quality lime producers in Zambia. Ongoing modifications to the hydration circuit expected to lift output beyond current 100 tonnes per day of hydrated lime. Kiln 4 remains on track for commissioning in a few months' time. Limeco transitioning from an effective breakeven operation to cash flow positive and expected to be profitable by year end. Following completion of the planned renovation of Kiln 3, the gasifier has been refired and Kilns 1 and 2 have resumed production. Kiln 3 was hot commissioned on 20 July 2026 and is heating up, with first quicklime production expected within a few days. Total quicklime production will gradually ramp up over the coming weeks, taking the combined output from the three kilns to more than 200 tonnes per day and putting Limeco on track to becoming one of the largest high-quality lime producers in Zambia. Limeco's lime is recognised for its high purity and quality, supporting demand from the mining, infrastructure, agriculture and industrial sectors. Ongoing modifications to the hydration circuit are expected to lift hydrated lime output to beyond the current 100 tonnes per day, adding further capacity as demand grows. Modification works on Kiln 4 continue and remain on track for commissioning in a few months' time. As additional kilns are brought online, Limeco will benefit from economies of scale, providing improved operating efficiencies due to higher production output, making Limeco one of Zambia's largest quicklime producers, supplying the mining, infrastructure, agriculture and industrial sectors. Kiln feed to date has been sourced from existing surface stockpiles, which are now nearly depleted. As Limeco anticipated this, it started dewatering the existing quarry and water levels have now dropped to below the previously blasted benches, providing easy access to more feed while a mining plan is being developed to widen and deepen the quarry. Announcement • Jun 30
Firering Strategic Minerals Plc, Annual General Meeting, Aug 12, 2026 Firering Strategic Minerals Plc, Annual General Meeting, Aug 12, 2026. Location: hill dickinson llp, the broadgate tower, 20 primrose street, ec2a 2ew, london United Kingdom New Risk • Apr 27
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 10% per year over the past 5 years. Shareholders have been substantially diluted in the past year (74% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (UK£4.59m market cap, or US$6.21m). Minor Risk Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). 
