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VIL - Village Main Reef Limited - Quarterly production update

Release Date: 06/10/2011 12:14
Code(s): VIL
Wrap Text

VIL - Village Main Reef Limited - Quarterly production update Village Main Reef Limited (formerly known as Village Main Reef Gold Mining Company (1934) Limited) (Registration number 1934/0057034/06) Share Code: VIL ISIN: ZAE000154761 ("Village") QUARTERLY PRODUCTION UPDATE Village is pleased to advise that a total of 45 983 ounces of gold and 1 448 tons of antimony were produced during the September quarter. This represents an 18.2% increase relative to the June quarter`s gold production of 38 908 ounces and an 18.5% increase relative to the June quarter`s antimony production of 1,222 tons. The improvement in production volumes is mainly due to higher volumes and improved grade ore mined at mainly the Buffelsfontein and Cons Murch Mines. The table below provides more information of the production achieved at each of the Village mines. September June quarter % change quarter Tau Lekoa - gold oz 29 843 25 369 ' 18% Buffelsfontein - gold oz 13 774 11 640 ' 18% Cons Murch - gold oz 2 366 1 899 ' 25% Cons Murch - antimony tons 1 448 1 222 ' 18% Operational and financial details for the September quarter will be provided in the September 2011 Quarterly Report, which is expected to be released towards the end of November 2011. Village CEO Bernard Swanepoel commented: "This is the first full quarter under Village ownership and I am pleased with the team`s progress. Despite the impact of the disruption of the restructuring process at Buffelsfontein, we were able to increase production at all Village operations". 6 October 2011 Sponsor Java Capital Investor Relations Vestor: louise@vestor.co.za 27 (0)11 787 3015 Date: 06/10/2011 12:14:46 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.

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