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Research Notes October 2025 > https://www.unum.capital/post/roct2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za Previous Post (22 September): Buy Idea: Solaris Energy Infrastructure Share Code: SEI Buy between $37.40 - $38.60 Stop-loss: $32.50 Target: $55.00 Lester Davids Senior Investment Analyst: Unum Capital

Warning against Fraudulent Companies using the UNUM Capital (Pty) Ltd FSP564 brand and UNUM Prime (Pty) Ltd ODP 081 on websites.  It has come to our attention that companies such as Smart Reserve Holdings  have been falsely claiming association with UNUM Capital and UNUM Prime. These representations are untrue, unauthorised, and unlawful , and have been reported to the Financial Sector Conduct Authority (FSCA) . Please note that UNUM Capital (Pty) Ltd  and UNUM Prime (Pty) Ltd  have no affiliation or relationship whatsoever  with Smart Reserve Holdings or any similar entities making such claims. If you are contacted by any person or company purporting to represent or act on behalf of UNUM Capital or UNUM Prime outside of our official communication channels, do not engage  and report it to us immediately . To verify any authorised representatives, please consult the FSCA’s official website at www.fsca.co.za . You may also contact our Compliance Department directly at compliance@unum.co.za , call us on 011 384 2961/2906 , or visit our offices.    As the FSCA regularly advises, always ensure that:  “…an entity or individual is authorised by the FSCA to provide financial products and services, including for giving recommendations about how to invest; [and] what category of advice the person or entity is registered to provide…”  Your security, trust, and protection  remain our highest priority. If you have any concerns or suspect fraudulent activity, please reach out to us promptly.

Research Notes October 2025 > https://www.unum.capital/post/roct2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za Premium Research Content. To access the ticker, email lester@unum.co.za Thank you for your interest in our research. While the vast majority of our +1500 notes published year-to-date are complimentary, this premium analysis is provided exclusively for our active  trading clients. We believe our best insights should directly benefit those who entrust us with their trade execution. To access the current note and all future premium content, simply activate a trading relationship with us. If you are ready to align your trading with our research, contact us to open an account or move your existing service to Unum Capital by emailing  tradingdesk@unum.co.za      Lester Davids Senior Investment Analyst: Unum Capital

Research Notes October 2025 > https://www.unum.capital/post/roct2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za Buy: $27.50-$28.20 Last Close: $27.19 Pre-Market: 28.00 Stop-loss: $23.10 Target: $42.00 Analyst Disclosure: The following detail has been A.I generated: Perpetua Resources Corp. is an American mining company focused on the redevelopment of a historic mining site in Idaho. Here are the key details about the company: Primary Focus: The Stibnite Gold Project Perpetua Resources' flagship and sole project is the Stibnite Gold Project, located in Valley County, central Idaho. The project aims to: Re-establish mining operations in a district with a long history of mining activity. Produce both gold and antimony. Conduct significant environmental restoration of the site, which was heavily impacted by previous mining operations from decades ago. The company often markets its approach as "restoration-focused mining." Lester Davids Senior Investment Analyst: Unum Capital

Research Notes October 2025 > https://www.unum.capital/post/roct2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za Lester Davids Senior Investment Analyst: Unum Capital

Research Notes October 2025 > https://www.unum.capital/post/roct2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za Southern Copper (SCCO): Target reached at $132.00 Freeport McMoran (FCX) stop-loss breached at $36.40 04 September: Copper Miners ETF Now Running +23%. Here are 2 Stocks Setting Up Freeport McMoran (FCX) - Listed on NYSE (Chart as of 10:34am, Thursday 04 Sept) Southern Copper Co. (SCCO) - Listed on NYSE (Chart as of 10:37am, Thursday 04 Sept) Previous Post (28 May): Diversified Exposure To Copper Miners? Consider This ETF Global X Copper Miners (COPX) is the first ETF option for a pure-play copper exposure in the equity space. The fund gets this exposure by tracking a market-cap-weighted index that offers broad equity exposure to the global copper mining industry. Although technically a global fund, it has a strong North American exposure. The fund ranks companies according to their average daily trading volume with respect to its exchange over three months. The highest ranked funds are included in the index. The index is rebalanced semi-annually. Lester Davids Senior Investment Analyst: Unum Capital

Research Notes October 2025 > https://www.unum.capital/post/roct2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za Lester Davids Senior Investment Analyst: Unum Capital

Research Notes October 2025 > https://www.unum.capital/post/roct2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za Previous Post (19 August): Volume Alert: Curro Holdings (With Improving Candle Structure) Lester Davids Senior Investment Analyst: Unum Capital

Research Notes October 2025 > https://www.unum.capital/post/roct2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za Lester Davids Senior Investment Analyst: Unum Capital

Research Notes October 2025 > https://www.unum.capital/post/roct2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za Lester Davids Senior Investment Analyst: Unum Capital

Research Notes October 2025 > https://www.unum.capital/post/roct2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za Previous Post Saturday 13 September): 🎥Watch: Buy Idea; Bull Flag Structure To access this idea, you need to be an ACTIVE  trading client of Unum Capital, having traded via the desk in the last 14 trading days. Lester Davids Senior Investment Analyst: Unum Capital

Research Notes October 2025 > https://www.unum.capital/post/roct2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za Previous Post (26 November 2024): Satrix Industrial Holding It's Breakout Level + Developing A Bull Flag Code: STXIND Also note the 200-day SMA gradually trending up Lester Davids Senior Investment Analyst: Unum Capital