AQUARIUS PLATINUM LIMITED - Extension of Kroondal PSA

Extension of Kroondal PSA

Aquarius Platinum Limited   
(Incorporated in Bermuda) 
Registration Number: EC26290 
Share Code JSE: AQP 
ISIN Code: BMG0440M1284 
 
Extension of Kroondal PSA 
 
Aquarius Platinum Limited (“Aquarius”) advises that its wholly owned subsidiary, Aquarius Platinum 
(South Africa) (Proprietary) Limited (“AQPSA”) has reached agreement with a wholly owned 
subsidiary of Anglo American Platinum Limited (“Amplats”) to extend the Kroondal PSA arrangement. 
 
The salient terms of the agreement are: 
 
     -  Amplats will contribute 
             - 9.91 Million tons @ 2.38 g/t Proved Ore Reserves and  
             - 6.06 Million tons @ 2.48 g/t Probable Ore Reserves to the Kroondal Mine.  
               Total Ore Reserve - 15.97 Million tons @ 2.42g/t   
     -  The reserves are located immediately down-dip of the current Kroondal Mine and will be 
        mined from the existing Kroondal underground mining infrastructure and  treatment plants; 
     -  In exchange for Amplats contributing the additional reserves AQPSA will: 
             - contribute the use of its infrastructure; 
             - continue to manage the PSA on the existing terms and conditions;  
             - sell AQPSA’s share of concentrate produced from the additional reserves to Amplats 
               as per the existing Off-take agreement; and 
             - pay Amplats a variable royalty with a base rate of R11.50 per ton mined, as and 
               when mined; 
     -  The royalty will increase and decrease in line with increases and decreases in the Rand metal 
        price with a cap of R14.95 per ton and floor of R8.05 per ton.  
 
        The information in this report that relates to Ore Reserves is based on information compiled by CJ Kotze, who is a 
        Member of IMSSA and PLATO which is recognized by SAMREC.  Mr. Kotze is employed by AQPSA and has sufficient 
        experience which is relevant to the style of mineralization 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. Kotze consents 
        to the inclusion in the report of the matters based on his information in the form and context in which it appears. 
 
Following the conclusion of the agreement the Kroondal mine’s life will increase by approximately 3 
years from approximately 6.5 years to approximately 9.5 years. 
 
For further information please contact: 
 
Jean Nel - CEO 
+270100012848 
 
Willi Boehm – Company Secretary 
+61893675211 
or visit: www.aquariusplatinum.com 
 
25 June 2013 
 
Sponsor 
RAND MERCHANT BANK (A division of FirstRand Bank Limited) 
 

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