Integrated Annual Report 2019

Scope and boundary

The integrated annual report (IAR) of Assore Limited (Assore or the group) covers the period 1 July 2018 to 30 June 2019.

The group's financial year ends on 30 June, and unless otherwise indicated or described, the information included in this report refers to the years ended 30 June 2018 (FY18) and 30 June 2019 (FY19). The previous IAR covered the period 1 July 2017 to 30 June 2018. Where any restatements have been made to material disclosures in the previous IAR, these are explained within the relevant sections.

The 2019 integrated annual report provides an overview of the financial, operational and sustainability performance of our subsidiaries and jointly controlled operations. The sustainability performance is reported on for all the operations over which Assore has direct or joint control and, besides certain safety-related information, does not include the Sakura operations.

Supporting documentation to the integrated annual report is available on the website (www.assore.com)

The entities reported on include the following:

Assore Limited (Assore)

In addition to participation in determining the strategy and monitoring the overall management of Assmang in terms of the joint-venture agreement with ARM, Assore has the sole marketing and distribution agency for Assmang's products and the emphasis on Assmang in this report relates primarily to this role as a 50% partner (refer "business model"), with these activities being managed through:

The group conducts its own operations under the technical supervision of African Mining and Trust Company Limited (AMT), which, in addition to providing technical services to Assmang, provides technical services to:

With the latter two of these operations no longer in commercial production.

The group's head office functions are combined under the activities of Ore & Metal and AMT.

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