Sale of Everest Mine – update
Aquarius Platinum Limited
(Incorporated in Bermuda)
Registration Number: EC26290
ISIN Code: BMG0440M1284
JSE Share Code: AQP
Sale of Everest Mine – update
Aquarius Platinum Limited (Aquarius) announced on 10 February 2015 that its subsidiary, Aquarius
Platinum (South Africa ) (Pty) Ltd (AQPSA), had entered into an agreement to sell its entire interest
in the Everest Mine and ancillary mining and processing infrastructure and immovable properties to
Northam Platinum Limited (Northam), for an aggregate cash consideration of R450 million, to be
completed in two parts, being R400 million for the concentrator and other mining assets of Everest
Mine (Part A) plus R50 million for the Everest Mining Right (Part B).
Aquarius is pleased to advise that the conditions precedent in respect of the Part A disposal process
were fulfilled on 22 April 2015. Part A of the disposal process is now unconditional and the
consideration of R400 million is due and payable by Northam on 26 June 2015.
Part B of the disposal process is subject to the consent of the Minister of Mineral Resources in terms
of section 11 of the Mineral and Petroleum Resources Development Act. The section 11 application
has been submitted to the Department of Mineral Resources.
Should the Ministerial Consent not be obtained the first part of the Disposal will not be unwound.
For further information please contact:
In South Africa:
Jean Nel
Aquarius Platinum (South Africa) (Pty) Ltd+27 (0)
+27 (0) 10 001 2848
In Australia:
Willi Boehm
Aquarius Platinum Corporate Services Pty Ltd
+61 (0) 8 9367 5211
or visit: www.aquariusplatinum.com
23 April 2015
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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