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Trans Hex - Trans Hex And Epia Minerals (Proprietary) Limited Conclude Agreement

Release Date: 11/02/2005 16:30
Code(s): TSX
Wrap Text

Trans Hex - Trans Hex And Epia Minerals (Proprietary) Limited Conclude Agreement With Namdeb Diamond Corporation (Proprietary) Limited Trans Hex Group Limited Incorporated in the Republic of South Africa (Registration number 1963/007579/06) JSE code: TSX ISIN: ZAE000018552 ("Trans Hex" or "the Group") TRANS HEX AND EPIA MINERALS (PROPRIETARY) LIMITED CONCLUDE AGREEMENT WITH NAMDEB DIAMOND CORPORATION (PROPRIETARY) LIMITED Trans Hex reported in November 2004 that it had concluded an agreement with Namibian empowerment company, Epia Minerals (Propietary) Limited ("Epia"), to jointly pursue various opportunities in Namibia. Trans Hex is pleased to announce that Epia has concluded a renewable one year contract with Namdeb Diamond Corporation (Propietary) Limited ("Namdeb"), whereby Epia will conduct marine exploration and mining activities for Namdeb on certain of their Namibian marine concessions. Trans Hex will, in terms of its agreement with Epia, provide and operate its two marine mining vessels, mv Ivan Prinsep and mv Namakwa, in order to assist Epia in meeting its contract obligations with Namdeb. "We are delighted that the agreement with Namdeb will provide a solid platform for us to develop our strategic partnership with Epia and that we are able to assist our Namibian partners in the exploitation of Namibian mineral assets and with the transfer of skills to Namibians" noted Trans Hex"s Managing Director, Llewellyn Delport. FOR FURTHER INFORMATION PLEASE CONTACT: Trans Hex Group Limited Llewellyn Delport Telephone 021 937 2001 Mobile 082 457 0316 11 February 2005 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) CORPORATE FINANCE Date: 11/02/2005 04:30:02 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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