EX-8.1 8 exhibit81.htm EX-8.1
Exhibit 8.1
LIST OF MAIN SUBSIDIARIES AS AT JUNE 30, 2025

SUBSIDIARY NAME | JURISDICTION OF INCORPORATION AND RESIDENCE | PROPORTION OF OWNERSHIP INTEREST AND VOTING INTEREST
Ergo Mining Operations Proprietary Limited | South Africa | 100 | %
Crown Gold Recoveries Proprietary Limited | South Africa | 100 | %
East Rand Proprietary Mines Limited | South Africa | 100 | %
Ergo Mining Proprietary Limited | South Africa | 100 | %
Far West Gold Recoveries Proprietary Limited | South Africa | 100 | %
Stellar energy solutions Proprietary Limited 1 | South Africa | 50.25 | %
1 Subsequent to year end, Ergo has converted its short term credit facility to Stellar into equity, which increased its shareholding in Stellar to 89.94%, as of 18 August 2025.