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MTX - Metorex Limited - Operational update - Quarter ended September 2011 METOREX LIMITED (Incorporated in the Republic of South Africa) (Registration number 1934/005478/06) Share code: MTX ISIN: ZAE000022745 Issuer code: MEMTX ("Metorex" or "the Company" or "the Group") OPERATIONAL UPDATE - QUARTER ENDED SEPTEMBER 2011 September quarterly production highlights: * Copper production up by 15% to 15,202 tons * Cobalt production up by 11% to 942 tons Terence Goodlace, Chief Executive Officer said: "It is pleasing to report record quarterly copper production at Metorex and at Ruashi in particular where, despite power restraints, the mine produced 9 438 tons of copper and 913 tons of cobalt. The closing of the Jinchuan transaction is proceeding on plan and in line with the timetable as set out in the Circular sent to shareholders on 2 August 2011." Group production statistics - Quarter ended 30 September 2011 Commodity Unit Quarter ended Quarter ended September June Change (%) 2011 2011 Copper - Ruashi (t) 9 438 8 295 +14% Copper - (t) 4 281 4 421 -3% Chibuluma Copper - Sable (t) 1 483 502 +195% Copper - total (t) 15 202 13 218 +15% Cobalt - Ruashi (t) 913 849 8% Cobalt - Sable (t) 29 0 +ve Cobalt - total (t) 942 849 +11% The information contained in this announcement has not been reviewed or reported on by Metorex`s auditors. Johannesburg 3 October 2011 For further enquiries please contact: Metorex CEO, Terence Goodlace Tel: 011 215 4000 CFO, Maritz Smith College Hill Jacques de Bie Tel: 011 447 3030 Sponsor One Capital Date: 03/10/2011 16:52:02 Supplied by www.sharenet.co.za 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.
