Sharenet Sites 
Sharenet Sites
Quarterly update in terms of the JSE Listings Requirements
suspension of listing
SABLE EXPLORATION AND MINING LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2001/006539/06)
(Share Code: SXM ISIN Code: ZAE000303319)
("SEAM" or "the Company")
General Segment
QUARTERLY UPDATE IN TERMS OF THE JSE LISTINGS REQUIREMENTS
SUSPENSION OF LISTING
Shareholders are referred to the continued suspension of trading in the Company's
securities on the JSE Limited ("JSE").
In compliance with the JSE Listings Requirements, the Company provides the following
quarterly update regarding the current state of affairs of SEAM, the actions being taken to
have the suspension lifted, and the anticipated timing for reinstatement.
The outstanding Annual Financial Statements ("AFS") remain the primary reason for the
continued suspension. The Company remains in the process of appointing an auditor that
meets the applicable JSE requirements, including the regulatory assurance requirements
applicable to auditors of listed entities.
The Board continues to engage with potential audit firms with the requisite accreditation and
will inform the JSE once a formal appointment has been made. Until such appointment has
been finalised, the Company is not yet in a position to complete the outstanding AFS or
provide a reliable date for the lifting of the suspension.
The Company continues to submit monthly progress reports to the JSE and will continue to
do so until the suspension has been lifted and the relevant compliance obligations have
been fulfilled.
The Company is also considering the appointment of one of its current independent non-
executive directors as Chairperson, in line with applicable governance and board
composition requirements.
Shareholders are further advised that the Company continues to monitor the implementation
steps relating to the arrangements involving Lapon Plant (Pty) Ltd and Daemaneng Minerals
(Pty) Ltd. These arrangements remain relevant to SEAM's future operational and financial
prospects, including future revenue streams, asset valuation and going concern
considerations, and will be considered as part of the AFS process.
The Company has engaged, and continues to engage, with the JSE regarding the
appropriate regulatory treatment and categorisation of the above arrangements.
At present, the Company cannot reliably confirm the expected date for reinstatement of its
listing. This is due to the pending appointment of a JSE-compliant auditor and the resultant
outstanding status of the AFS.
The Board remains committed to transparent and timely communication with the JSE and
shareholders and will continue to provide quarterly updates until the suspension is lifted.
Sandton
1 June 2026 Sponsor Exchange Sponsors
Date: 01-06-2026 07:30:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
