Sharenet Sites 
Sharenet Sites
TBX - Thabex - Update to Shareholders - Monastery Kimberlite Project Thabex Limited Incorporated in the Republic of South Africa (Registration number 1988/000763/06) Share code: TBX ISIN: ZAE000013686 ("Thabex" or "the Company") Young Lions Exploring Africa UPDATE TO SHAREHOLDERS - MONASTERY KIMBERLITE PROJECT Shareholders are referred to the previous update to shareholders announcements relating to the progress at the Company`s Monastery Kimberlite project in the district of Marquard of the Free State Province, the last of which was contained in the SENS announcement of the Company`s Interim Financial Statements for the period ended 31 August 2011 released on 9 December 2011. Resource Statement - Monastery Mine Proprietary Limited ("Monastery Mine") Diamond and Depth Mt Grade Rough Ilmenite Semi- Mineral below (bottom Diamonds mineral precious Resource surface cut-off stones# Category screen size of 2mm)
m carats t kg Monastery Kimberlite pipe Measured 0 - 100 25 cpht* 1.70 425 000 5% 85 000 200 34 000
kg/ht** Indicated 101 - 25 cpht 575 000 300 2.30
5% 115 000 200 46 000 kg/ht
Inferred 301 - 2.00 25 cpht 500 000 500 5% 100 000 200 40 000
kg/ht Total 0 - 500 6.00 1 500 000 300 000 120 000
Monastery Kimberlite fissure Exploration Outcrop - Reported - - - information only 18cpht Laura Kimberlite blow Exploration Outcrop - unknown - - - information only
* "ctph" carats per 100 tons ** "kg/ht" kg per 100 tons # mainly garnets Monastery Mine is pleased to announce that the above Diamond and Mineral Resource statement was included in Monastery Mine`s Mineral Right application lodged with the Department of Mineral Resources which included certain portions of the farms The Monastery 237 and Laura 267 in the Marquard district of the Free State Province. During the period 1981 to 1983 a total of approximately 14 000 carats were produced utilising a bottom cut-off screen size of 2mm and during the period July 2011 to November 2011 approximately 1 000 carats were produced, during the prospecting phase and in terms of the approved Environmental Management Plan, from the oxidised dump of the Monastery Kimberlite pipe utilising a 3mm cut-off screen size. Marius Welthagen, P.Eng. (Int), MEng (Mining), MPhil (Mineral Economics), Hons BCom (Economics), MECSA, MSAIMM, FGSSA, was responsible for compiling this update report. As Chief Executive of Thabex he has sufficient experience relevant to the style of mineralisation, type of deposit under consideration, activities undertaken, evaluation and valuation thereof to qualify as a Competent Person and Competent Valuator in terms of the SAMREC and SAMVAL Codes, respectively. Johannesburg 16 February 2012 Sponsor Merchantec Capital Date: 16/02/2012 17:10:01 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.
