Bushveld Minerals Limited announced that as an update to the announcement on 16 November 2023, the Company has now completed its investigation in respect of the Finance Director, Tanya Chikanza's alleged failure to disclose a material conflict of interest. It has been established that Ms Chikanza made an oral disclosure to the previous CEO. Notwithstanding this oral disclosure she accepts that it was not in accordance with the Company's Conflict of Interest Policy and constitutes a breach of the policy.

The Company has elected not to pursue the disciplinary process and the parties have agreed that Ms Chikanza's employment will end on 31 January 2024.