This document is a joint public announcement issued on 3 July 2024 by Sundance Resources Limited, Congo Iron SA, and the Republic of Congo, confirming the successful conclusion of mediation proceedings between the parties.

The announcement formally records that the parties have executed a conditional, binding, and confidential settlement agreement. The stated purpose of this agreement is to comprehensively resolve and terminate the ongoing dispute, as well as any future claims, brought before the International Chamber of Commerce (ICC) International Court of Arbitration or any other judicial forum concerning the Nabeba Iron Ore Project.

The document serves as a procedural update to the market and stakeholders, clarifying that the settlement is intended to effectuate a full and final resolution of the sovereign-investor dispute pending the satisfaction of the underlying settlement conditions.