TRUSTCO GROUP HOLDINGS LIMITED - Resources segment operational update

Resources segment operational update

TRUSTCO GROUP HOLDINGS LIMITED
Incorporated in the Republic of Namibia and registered as an external
company in South Africa
(Registration number 2003/058)
(External registration number 2009/002634/10)
NSX share code: TUC
JSE share code: TTO
ISIN Number: NA000A0RF067
(“Trustco” or “the Company”)


RESOURCES SEGMENT OPERATIONAL UPDATE: MEYA MINING SALE OF DIAMONDS MAY 2018


Trustco is pleased to advise Trustco shareholders (“Shareholders”) of the following
operational update related to Meya Mining’s exploration program and wishes to inform
Shareholders of following operational activities:


-    Whilst development at the Bardu and Waterloo bulk samples are ongoing, Meya
     extracted more kimberlite from the Meya River bulk sample approximately 375 metres
     above mean sea level (“mamsl”) along a 100m strike of Dyke Zone B. This sample
     produced 2 325.17 carats during the first pass of the Run of Mine (“RoM”) material
     through the plant, including a 11.09 carat Type IIa diamond which was sold for USD 13
     014.70 per carat.


-    A second pass of the DMS tailings audits from the Meya River domain, crushed down
     from 12 mm to 8 mm yield an additional 969.95 carats whilst similar audits from the
     Bardu sample yielded 232.34 carats.


-    All three diamonds parcels (RoM and DMS audit tailings) were sold on tender in
     Antwerp during the third week of May 2018. Notwithstanding the overall smaller size
     distribution, from the DMS audit tailings, the average price per carat achieved,
     exceeded expectations.


            Sample                             Carats         Average Value
                                                              USD/Carat
            Meya River - RoM                   2 325.00       358.68
            Meya River – audit tailings        929.01         135.35
            Bardu – audit tailings             205.00         123.11
            Total                              3 459.01       285




   -   In addition to Dyke Zone B, Meya started exploration on the Simbakoro Dyke, which
       is located some 800m north of Dyke Zone B running on a parallel orientation.
       Excavations on the Dyke indicate a potential strike length of ?2.7km. Initial
       observations indicate strong geological correlation to Dyke Zone B in that it also
       contains abundant olivine macrocrysts and garnets. Samples were collected for
       export to Canada for further analysis. Resource development work is scheduled to
       delineate the dyke as well as to collect a bulk sample which will enable inclusion in
       the Resource Statement scheduled for the latter part of 2018.



Meya Mining’s Competent Person, SRK Canada, is in the process to compile an interim
report regarding the exploration progress which will include exploration results indicating the
potential of the areas (dyke domains) under investigation. This report will be included in the
2018 Integrated Annual Report.


Windhoek, Namibia
5 June 2018


Amanda Bruyns
Company Secretary: Trustco Group Holdings Limited


JSE Sponsor
Sasfin Capital Proprietary Limited (a member of the Sasfin Group)


NSX Sponsor
Simonis Storm Securities Proprietary Limited

Date: 05/06/2018 04:50:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.