BAUBA PLATINUM LIMITED - Voluntary Announcement - Exploration Update

Voluntary Announcement - Exploration Update

BAUBA PLATINUM LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1986/004649/06)
Share code: BAU ISIN No: ZAE000145686
(“Bauba” or “the Company”)


VOLUNTARY ANNOUNCEMENT - EXPLORATION UPDATE


Bauba Platinum is pleased to announce an updated resource estimate for its platinum group metals
(“PGM”) prospects on the Eastern Limb of the Bushveld Igneous Complex in South Africa’s Limpopo
province.

Bauba holds prospecting rights over eight properties extending across an area of approximately
14 200 ha. The properties have been grouped into three clusters, the Northern, Central and Southern
Clusters.

Results from the Phase I drilling program of the Northern Cluster has allowed the declaration of a
SAMREC compliant, discounted inferred resource estimate of 9.8Moz (4E) over a portion of the
Northern Cluster properties.

The current 4E (Pt+Pd+Rh+Au) PGM resource estimate for the Bauba prospects, discounted for
geological losses, is tabulated below with 60% of the total resource being attributable to Bauba
Platinum.


                                                                                          Bauba
                       Merensky                       UG2                 Combined        attributable
Resource        Geo       Tons       4E     Geo       Tons       4E      Tons        4E     Tons      4E
Class           loss         Mt    Moz      loss        Mt      Moz        Mt       Moz       Mt     Moz
Inferred     18.03%       56.59    7.36   23.41%     68.85     9.85    125.45     17.22    75.27   10.33
Target       19.66%      354.01   49.78   24.43%    331.73    60.11    685.73    109.89   411.44   65.93
Total        19.43%      410.60   57.14   24.26%    400.58    69.97    811.18    127.11   486.71   76.26


The above resource estimate has been verified and signed off by a competent person, Mr A.N. Clay
of Venmyn Deloitte.

Syd Caddy, Chief Executive Officer of Bauba, commented: “We are pleased to be able to
demonstrate that the company is making good progress in growing our inferred resource base whilst
at the same time increasing resource confidence. Based on these results, and on the assumption that
the company can from time to time raise the additional funds required, Bauba is confident that it will
further build its resource base, thereby increasing tonnage and demonstrating greater resource
confidence.”



Johannesburg
11 September 2013

Sponsor
Merchantec Capital

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