Buffalo Coal Corp. announced the final discharge of Buffalo Coal's loan facility with Investec Bank Limited. The Company settled the outstanding loan facility of ZAR 32,576,523 including interest along with a reduced royalty amount agreed to with Investec of ZAR 2,500,000.

On January 13, 2023 Investec issued a final discharge notice confirming that all the indebtedness and obligations of the Company under the loan facility agreement have been irrevocably and unconditionally finally paid and discharged in full on January 12, 2023. Investec has commenced the process to cancel the securities that covered this loan facility.