Lloyds Metals And Energy Limited — Board Meeting, 09-12-2024: Outcome of Board Meeting

The Board has approved entering a new line of business focused on Mines Development and Operations (MDO). This strategic decision aims to enhance the company's capabilities in the mining sector, contributing to cost reduction and improved supply chain efficiency for its integrated steel operations. The move is expected to optimize operational costs and enhance profitability. The company will assess various opportunities related to MDO over time, aiming to secure valuable resources and establish a competitive foothold in the industry.