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Resource Generation Limited - Increase In Shareholding In Waterberg One Coal

Release Date: 27/08/2013 07:05:00      Code(s): RSG     
Resource Generation Limited
Registration number ACN 059 950 337
(Incorporated and registered in Australia)
ISIN: AU000000RES1
Share Code on the ASX: RES
Share Code on the JSE: RSG
("Resgen" or the ?Company?)

ASX Release

Increase in shareholding in Waterberg One Coal
Resource Generation has moved to tidy up the ownership of its shareholding in
Waterberg One Coal (Pty) Limited (WOC). Currently WOC is owned 70% by Resource
Generation and 30% by Lukale Mining Company (Pty) Limited (Lukale). Following the
agreed transaction, WOC will be owned 74% by Resource Generation and 26% by Fairy
Wing Trading 136 (Pty) Limited (FWT), the same shareholding split as Ledjadja Coal
(Pty) Limited (Ledjadja), which owns the mining right for the Boikarabelo mine.

For the sale of its shareholding, Lukale will receive ZAR25 million in Resource
Generation shares at $0.40 per share, subject to shareholder approval at the forthcoming
Annual General Meeting, and ZAR20 million cash. The shares will be held on the South
African register and be eligible for sale on the JSE. FWT is being lent ZAR39 million on
commercial terms by Resource Generation to fund its acquisition of WOC shares.

WOC?s main prospecting right, Waterberg One, is contiguous with the Boikarabelo
mining right and contains an indicated resource of 1,116.4 million tonnes and a measured
resource of 865.5 million tonnes, including a probable reserve of 314.2 million tonnes*.

Paul Jury, managing director, said: ?this ownership change and alignment will enable a
practical consolidation of our mining tenements to occur and make it easier to manage the
operations of Boikarabelo. Our expectation is to open a separate pit at Waterberg One to
supply domestic grade coal to Eskom and the independent power stations intended to be
developed by Valu Investments Pte Ltd.?

27 August 2013

JSE Sponsor
Macquarie First South Capital (Pty) Limited

Paul Jury, Managing Director on (02) 9376 9000 or
Steve Matthews, Company Secretary on (02) 9376 9000

Media enquiries
Anthony Tregoning (02) 8264 1000

* Information in this report that relates to exploration results, mineral resources or ore reserves is based
on information compiled by Mr Dawie Van Wyk who is a consultant to the Company and is a member of a
Recognised Overseas Professional Organisation. Mr Van Wyk has sufficient experience which is relevant
to the style of mineralisation and type of deposit under consideration and to the activity which he is
undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ?Australasian Code for
Reporting of Exploration Results, Mineral Resources and Ore Reserves?. Mr Van Wyk has given and has
not withdrawn consents to the inclusion in the report of the matters based on his information in the form
and context in which it appears.

 Resource Generation is developing the Boikarabelo coal mine in the Waterberg
 region of South Africa, which accounts for 40% of the country?s remaining coal
 resources. There are probable reserves of 744.8 million tonnes of coal on 35% of
 the tenements under the company?s control. Stage 1 of the mine development
 targets saleable coal production of 6 million tonnes per annum.
Resource Generation Limited (ACN 059 950 337)             www.resgen.com.au
Level 12 Chifley Tower, 2 Chifley Square, Sydney NSW 2000
GPO Box 5490, Sydney NSW 2001. Phone +61 2 9376 9000 Fax +61 2 9376 9013

Date: 27/08/2013 07:05:00 Supplied by www.sharenet.co.za                     
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