Pambili Natural Resources Corporation announced that capital expansion of the Happy Valley Mine is moving ahead with the arrival this week of mechanized equipment to ramp up production. The Happy Valley Mine, near Bulawayo, Zimbabwe, this week took delivery of a Massey Ferguson 440 series tractor following a 900-kilometre journey from Johannesburg, South Africa. Pambili also anticipates delivery of an eight-tonne tipping trailer from a local supplier in the next two weeks.

The search is on for a suitable tractor-loader-backhoe unit, which is expected to be purchased by the end of the month. The purchase, delivery and mobilization of this equipment are part of Pambili's commitment to capital expansion of HVM, as part of the earn-in agreement and an oversubscribed CAD 515,000 non-brokered private placement announced in December 2021 and subsequently approved by the TSX Venture Exchange in April 2022. As part of the earn-in agreement, CAD 200,000 has been allocated to capital expansion.