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Keaton Energy Holdings Limited - Integrated Water Use License Granted For Moabsvelden

Release Date: 05/10/2016 09:00:00      Code(s): KEH     
KEATON ENERGY HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2006/011090/06)
JSE code: KEH
ISIN: ZAE000117420
("Keaton Energy" or "the company")


INTEGRATED WATER USE LICENSE GRANTED FOR MOABSVELDEN

Keaton Energy is pleased to announce that its Moabsvelden Project has been granted an Integrated
Water Use Licence by the Department of Water and Sanitation. The Moabsvelden Project is now
fully permitted, having already been awarded its Mining Right and environmental authorisation in
terms of the National Environmental Management Act.

Moabsvelden is adjacent to Keaton?s existing successful, long-life Vanggatfontein Colliery and will
benefit from shared infrastructure and reduced operating costs. It is envisaged that some 4Mt/year
of coal will be produced from the combined operation.

Mandi Glad, Keaton CEO, said ?We are pleased that the Integrated Water Use Licence has been
awarded. We can now finalise offtake negotiations with the various parties who expressed an
interest in purchasing coal from Moabsvelden. This in turn will allow the washing plant configuration
to be finalised and funding for the development to be closed.?

Johannesburg
05 October 2016

Sponsor
Investec Bank Limited

Date: 05/10/2016 09:00:00 Supplied by www.sharenet.co.za                     
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