[Johannesburg, 1 November 2023] — BurnStar Technologies, a trailblazing innovator in the field of clean, low-cost Hydrogen production technology, is pleased to announce its agreement with Turnkey Modular for the engineering, procurement and construction (EPC) of its first commercial Guilt-Free Hydrogen™ catalytic molten metal reforming plant.

Under this agreement, the companies will design and construct a 5 kg per hour Turquoise Hydrogen plant at Ironveld’s Rustenburg smelting site. This cutting-edge facility will showcase the revolutionary process of hydrocarbon gas reforming by introducing natural gas (NG) or Liquified Petroleum Gas (LPG) into a molten metal catalyst to produce Hydrogen gas for CO2-free Green Steel production.

Having recently secured funding from Savant Venture Fund and Sibanye-Stillwater, BurnStar Technologies will use the Ironveld demonstration as a springboard to entering the market for commercial clean Hydrogen supply, on-site and a very cost competitive rate. With different business model options to suit individual customers there is a huge opportunity for BurnStar to roll out its technology solution into the broader Hydrogen market.

BurnStar specialises in research and development of novel technology concepts and holds patents in specialised gas processing fields. CEO of BurnStar Technologies Dr Johan Brand said: “This process uses 8 times less energy than electrolysis and only 4 kg of methane is required to produce 1 kg of Hydrogen, making is much more affordable than green Hydrogen.”

Dr Brand further indicated that “The planned delivery of the 5 kg/h Hydrogen plant to Ironveld marks a significant milestone in the development of the technology. We have already started on development of a 5 ton per day unit and will soon be able to incorporate the learnings form commencing this first commercial operations early next year.”

 BurnStar Technologies’ mission is to support opportunities in unconventional and hard-to-abate GGE sectors. The Company specializes in pioneering research and development of zero-CO2 Hydrogen production technology and has international patent applications in this specialized gas processing field.

Turnkey Modular relishes the opportunity of being involved in this novel and groundbreaking technology. Turnkey will bring their innovative construction systems and network of industry experts such as EPS so see the scalable commercialisation of the technology. (Warrick Jackson) MD Turnkey Modular

Key Highlights:

1. **Strategic Implementation Opportunity:** In May 2023, Ironveld inked a pivotal agreement with BurnStar Technologies (Pty) Limited, wherein BurnStar will implement its patented Guilt-Free Hydrogen™ technology. This innovative approach will process Compressed Natural Gas (CNG) directly to Hydrogen gas for Green Steel Reforming at Ironveld’s Rustenburg smelter.

2. **Hydrogen Production:** BurnStar Technologies have raised all the required funds to proceed with the manufacture and installation of it Commercial Demonstration plant at Ironveld’s Rustenburg smelter, capable of producing Hydrogen from CNG at an impressive rate of five kilograms per hour. The construction and full operational readiness of the Guilt-Free Hydrogen™ plant are anticipated by the end of Q1 2024.

3. **Carbon Reduction:** Once the BurnStar plant is established at the Rustenburg smelter and begins Hydrogen production, Ironveld plans to evaluate its use as a green reducing agent in its high purity steel production process. This strategic move is poised to substantially reduce the company’s carbon consumption, aligning with global sustainability initiatives.

4. **Investment and Support:** BurnStar Technologies is backed by the specialised South African venture capital and incubator fund, Savant.

The Commercial demonstrator represents a significant milestone in the journey towards sustainable and innovative low-cost Hydrogen production. This project aligns with the global commitment to reducing carbon emissions and advancing sustainability. The success of this venture has the potential to revolutionize the energy landscape and contribute to a greener, more sustainable future. BurnStar Technologies and Turnkey Modular are poised to set new standards in the industry by demonstrating the potential of Guilt-Free Hydrogen™ technology.

For further inquiries or media contact, please reach out to: Director of BurnStar Technologies, David de Mattos on david@burnstar.co.za

### About BurnStar Technologies

BurnStar Technologies is a forward-thinking company specializing in the development of groundbreaking Hydrogen based technology solutions. Learn more at www.burnstar.co.za .

### About Turnkey Modular

Turnkey Modular is a renowned EPC (Engineering, Procurement, and Construction) solutions provider with a strong track record of executing complex projects in various industries. The company is committed to delivering innovative and cost-effective solutions that meet the evolving needs of its clients. Learn more at https://turnkey.africa/

### About Ironveld

Ironveld is a leading smelting company with a focus on producing high-purity iron and vanadium products. Their commitment to sustainable practices and environmental responsibility drives them to explore cutting-edge technologies like Turquoise Guilt-Free Hydrogen. Learn more at www.ironveld.com

### About Savant

Savant is a South African venture capital and incubator fund dedicated to supporting innovative and visionary companies. They provide crucial funding and mentorship to businesses like BurnStar Technologies, driving progress and innovation in the technology sector. Learn more at https://www.savant.co.za/

###About Sibanye-Stillwater

Sibanye-Stillwater is a multinational mining and metals processing group with a diverse portfolio of operations, projects and investments across five continents. The Group is also one of the foremost global recyclers of PGM autocatalysts and has interests in leading mine tailings retreatment operations.

Sibanye-Stillwater has established itself as one of the world’s largest primary producers of platinum, palladium, and rhodium and is a top tier gold producer. It also produces and refines iridium and ruthenium, nickel, chrome, copper and cobalt. The Group has recently begun to build and diversify its asset portfolio into battery metals mining and processing and is increasing its presence in the circular economy by growing and diversifying its recycling and tailings reprocessing operations globally. For more information refer to www.sibanyestillwater.com.