MC-3401

## Commitment Elmar committed to reviewing the Project Heron - Elysium updated documents and getting back to Simon McGill within about a week. ## Context (WhatsApp / Email thread) **From:** Simon McGill (Simon.McGill@harith.co.za) **To:** Elmar, Pieter Richards, Blacky Komani **CC:** Emile Du Toit **Date:** 2026-05-14 11:14 SAST **Outlook Message ID:** `AAMkADllM2EyZDEyLTQ0MjctNDBiMi1iMjE2LTU1YTk3MzBhNTBkNABGAAAAAADfVxI8929bQ6Dg-DBiolHyBwDv2mufBr1AS5jiMeOekCy1AAAAAAEMAADv2mufBr1AS5jiMeOekCy1AASg5KuPAAA=` **Open in Outlook:** (no webLink available) **Attachments:** No (documents were in the earlier Viwe Didishe email) Simon McGill walked through the updated agreements with ENS. Key points: - Elysium can make VOLUNTARY payments before first 3 years (not mandatory) - Tax team comfortable — nothing in agreements triggers Income Tax vs CGT - Simon is available for a call to clarify after Elmar reviews - Also happy for Elmar to share with CDH for their views Elmar replied: "Can we get a week?" — citing board meetings next week, month-end close, and IOSA audits. Simon acknowledged: "Fully understood. No problem." ## Action Required Review the Project Heron - Elysium updated agreement documents by approximately **21 May 2026**. Schedule a follow-up call with Simon McGill after review. Optionally share with CDH for their input.