Neo Energy Metals plc provided an operations update regarding its sustainability strategy at its advanced Henkries Uranium Project ('Henkries' or the 'Project')in the Northern Cape of the Republic of South Africa. As part of its plans to progress its Henkries Uranium Project ('Henkries' or the 'Project') towards production, the Company recognises the importance of impelmenting an advanced Sustainable Mining Plan focused on reducing its climate impact and creating enduring value for all stakeholders including the local communities in which it operates. The Environmental Impact Assessment will become an effective tool for developing sustainable guidelines for the Company's operations at Henkries and accordingly enquiries have been issued with the study anticipated to commence in early 2024.

The Tailings Storage Facility design enquiries have also been issued with similar timelines expected. Both studies will be incorporated into the updated feasibility and mine development study work that has already commenced. Rather than recreating support schemes used in other regions on other projects, Neo is actively engaging with local communities and municipalities to best understand what initiatives will best serve local stakeholders' needs.

In line with this approach and recognising the importance of local engagement in the Project's development, the Company's Regional Manager will lead the community liaison activities until the Project is advanced to a stage that warrants the appointment of a full time representative. Efforts towards building effective and longstanding engagement with the local community have already commenced, including discussions regarding land use and the sponsorship of local community activities. Furthermore, Neo aims to contribute to the regional "Feeding Programmes" established in the Northern Cape to combat malnutrition in remote communities.

Notably, the Company aims to draw on its own significant experience as it builds out its ESG strategies. Non-Executive Director,Jackline Muchai,project manages the activities of the Mayflower Children's Foundation, an organisation that aims to improve the education, health, and wellbeing of African children through a variety of programmes in East Africa. Additionally, the CEO of cornerstone investor Q Global Commodities ('QGC'), Quinton van der Burgh, through his foundation, QVDBF and in association with and ownership in Generosity Water, has provide communities and schools throughout Southern Africa with access to safe and clean drinking water and supports other initiatives including addressing the skill gap in underprivileged communities and assisting selected applicants with the support they need to rebuild their lives, from settling credit card debt, to paying for operations or schooling.