Cote

• Sun Princess guests eager to try something new will savor Kai Sushi by Makoto Okuwa – reshaping traditional sushi with a creative approach.
• Chef Okuwa is proud to bring his own variation of sushi appealing to a wide array of palates to Sun Princess.
• Makoto joins other celebrated collaborators with dining options aboard Sun Princess.
• In the coming weeks, all guests sailing on upcoming Sun Princess voyages will be able to book additional dining experiences.

• Additionally, the Company has received assay results for the final four holes from its 2,020 metre summer diamond drilling program.
• Rockridge has commenced a fully-funded, additional phase of drilling to follow-up on the recently completed summer drilling campaign at the high-grade Raney Gold Project.
• Raney Gold Project History and Previous Diamond Drilling:
  In 2020, Rockridge completed just over 5,000m of drilling in twenty drill holes.
• Prior to Rockridge’s drilling, historical drilling at the Raney Gold Project focused on identifying near-surface gold mineralization.

• The price surge could prove to be a critical moment for cocoa farming and policy in west Africa.
• The cocoa-producing belt of west Africa is responsible for generating over 80% of the total global output.
• The global price spike has led west African governments to increase the guaranteed producer prices to farmers.
• In my view, west African countries should use the cocoa shortage as negotiating leverage against multinational corporations to address these structural issues.

What’s driving the change?

• Ghana’s cocoa regulator recently indicated that its farmers might not be able to meet some cocoa contract obligations for another season.
• Ghana’s projected cocoa yield for the 2022/23 planting season was the lowest in 13 years, falling 24% short of the initial estimates of 850,000 metric tonnes.
• The first is the declining availability of forest land and its connection to increasing production costs.
• Over the last two decades, depletion of forest land has led farmers to turn to grasslands for replanting cocoa plants.
• This requires extensive land preparation, regular weeding around the cocoa trees, pruning, and the application of fertilisers and pesticides.
• However, the resulting market price, and consequently the producer price derived from it, often falls short of covering the costs of sustainable cocoa cultivation.

A path forward

• If the market price falls below this cost (which isn’t static), then the farmers face exploitation, giving rise to many of the problems that plague the industry.
• And it came at a time when these countries had diminished bargaining clout in a saturated market.
• There are many strategies these countries can explore, including supply management (such as buffer stocks, export controls, or quotas), price premiums and value addition.

• IAMGOLD and JV partner Sumitomo Metals Mining recently decided to proceed with construction of their Cote gold project located 75 km southeast of Raney.
• Raney Gold Project History and Previous Diamond Drilling:
  In 2020, Rockridge completed just over 5,000m of drilling in twenty drill holes.
• Mag Survey Plan Map Showing Exploration Hole Collars:
  Prior to Rockridge’s drilling, historical drilling at the Raney Gold Project focused on identifying near-surface gold mineralization.
• Rockridge owns a 100% interest in the Raney Gold Project.