BREAKING:

Southern Alliance Mining LTD faced a challenging year with lower iron ore prices impacting profitability. However, the company showed operational resilience, increasing sales volumes across all products and introducing a new revenue stream from bauxite sales. Strategic investments in underground mining are progressing, and a major diversification into the rare earth elements sector has been completed, positioning the group for future growth.

• Despite market headwinds and softer iron ore prices, the Group achieved a significant surge in sales volumes for all its products

• A major strategic shift to exclusively underground mining is underway, aimed at improving long-term efficiency and production stability

• The company has completed a significant acquisition, marking its strategic entry into the fast-growing rare earth elements (REEs) sector

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For more information, click here: SOUTHERN ALLIANCE MINING LTD. 2023 EGM