Strategy

The Kendrick Board has extensive resource project experience in southern Africa, and Namibia in particular, and is focused on the Bonya Exploration Pty Namibia (“Bonya”) Rare Earth Project.

The Bonya Rare Earth Project has flagship status and after entering into an exclusive option agreement with Bonya to acquire not less than 70% interest in the Project in January 2026, the Company formally exercised the option on 23 February 2026.

The Company’s strategy is to develop The Bonya REE Project through the rapid deployment of key personnel with a focus on the generation of high quality data leading to a Maiden Mineral Resource Estimate.

The Right People

Kendrick Resources Plc aims to source talented individuals who can contribute at board and senior management levels, and who have the necessary qualifications, experience, enterprise and motivation to develop and grow early-stage assets and businesses.

Kendrick Resources Plc expects to maintain a small core executive management team on a full-time basis and to use its wide network of industry associates to access the necessary skill sets and experience required on a part time or when required basis. Where specific expertise is needed, acknowledged expert consultants are retained.

Kendrick Resources Plc seeks to develop relationships with internationally recognised industry partners who are best placed to progress early-stage assets and businesses along the value chain.

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