SerenOx Sulphuric Solutions (Pty) Ltd Business Plan › Section 1 › Executive Summary

1.1 Company Overview

SerenOx Sulphuric Solutions (Pty) Ltd (“SerenOx”) is a South African industrial chemicals enterprise established to manufacture and export high-grade sulphuric acid to mining and mineral processing customers in the Democratic Republic of the Congo (“DRC”). The Company will operate a state-of-the-art production facility in Richards Bay, KwaZulu-Natal, strategically positioned to leverage South Africa’s mature industrial infrastructure, deep-water port access, and established rail and road corridors into Central Africa.

The DRC is the world’s largest producer of cobalt and ranks among the top global sources of copper—both metals essential to the accelerating global energy transition, electric vehicle manufacturing, and digital infrastructure development. Sulphuric acid is a critical reagent in the hydrometallurgical processes used to extract these metals, including heap leaching and solvent extraction–electrowinning (SX-EW). Demand for sulphuric acid in the DRC is projected to grow at a compound annual growth rate (CAGR) of 9–11% through 2030, driven by expanding mining production and new greenfield projects.

1.2 Investment Highlights

• Total capital requirement of ZAR 450 million (~USD 24 million), structured as 60% equity and 40% project finance debt

• Targeted internal rate of return (IRR) of 18–22% with dividend distributions commencing in Year 3

• Nameplate production capacity of 220,000 tonnes per annum of 98% technical-grade sulphuric acid

• Break-even anticipated in Q3 of Year 2 at approximately 60% capacity utilisation

• Five-year revenue projection growing from ZAR 1.8 billion (Year 1) to ZAR 2.55 billion (Year 5)

• Strong B-BBEE credentials with majority Black ownership and commitment to local job creation

• Diversified customer base through long-term offtake agreements with major mining houses

• ESG-aligned operations with comprehensive environmental monitoring and community development programmes

1.3 Ownership Structure

1.4 Mission Statement

To become a leading, reliable, and sustainable supplier of high-quality sulphuric acid to mining and processing operations in the DRC, enabling downstream processing growth and improving mining value chains across Central Africa.

1.5 Vision Statement

To deliver industrial chemicals that power African mining competitiveness while setting new standards in environmental stewardship, social responsibility, and operational excellence.

1.6 Core Values

• Safety First — Zero-harm culture across all operations and logistics activities

• Reliability — Consistent product quality and on-time delivery to every customer

• Sustainability — Responsible resource use, emissions control, and community partnership

• Integrity — Transparent dealings with all stakeholders, regulators, and communities

• Innovation — Continuous improvement in processes, technology, and customer solutions

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