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Resource update
CHROMETCO LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2002/026265/06)
(JSE Code: CMO ISIN: ZAE000070249)
(“Chrometco” or “the company”)
RESOURCE UPDATE
Shareholders are referred to the resource update published on 10 May 2011 and the subsequent
announcements and circular to shareholders relative, inter alia, to the acquisition by Chrometco of
geological drill data and drill core from NKWE Platinum (South Africa) (Pty) Ltd and Realm Resources
Limited (“Realm”)(“the Realm transaction”), which were published on 13 August, 2 October and 2
November 2012. The first phase of the Realm transaction detailed in the circular has been
completed and Chrometco has updated its resource statement with regard to its Rooderand chrome
mineral assets (“Rooderand asset”) as set out below, based on the inclusion of the acquired
geological drill data and drill core in the existing data which was available to the company.
Considering all available data, the Competent Person therefore concluded that the SAMREC
compliant mineral resources within the tenement held by Chrometco comprises the following:
Existing Rooderand Mineral Resource – Chrome- February 2013– (SAMREC Compliant)
2012
2013 REVISED AS PREVIOUSLY
SOURCE UNIT
(TONNES) REPORTED
(TONNES)
Indicated LG5, LG6, LG7, 41 950 096 8 671 629
MG2, MG3, MG4
Inferred LG5, LG6, LG7, 25 650 242 _
MG2, MG3, MG4
ExplorationTarget LG5, LG6, LG7, 18 957 226 51 131 623
MG2, MG3, MG4
Total LG5, LG6, LG7, 86 557 564 59 803 252
MG2, MG3, MG4
4 PGE Mineral Resource (as declared by NKWE Platinum Limited in 2011 - SAMREC Compliant)
SOURCE UNIT (MT) 4E GRADE (G/T) 4E CONTENT (MOZ)
Indicated UG2 and MR 11.9 3.8 1.5
Inferred UG2 and MR 24.8 3.8 3.00
Total UG2 and MR 36.7 3.8 4.5
The effect of the update of the chrome mineral resource statement reflects a significant increase in
the Rooderand chrome resource. The above mineral resource estimate is based on all currently
available information. Further work on the mineral resource estimate is currently underway and
accordingly, adjustments to the resource estimation, especially for PGE minerals, is expected.
Independent Valuation
It is expected that the aforesaid significant increase in the company’s chrome resource will result in
a significant increase in the valuation of the company’s Rooderand asset. The company is in the
process of engaging with an independent valuation expert regarding the update of the valuation of
the Rooderand assets. Shareholders will be advised through further announcements regarding the
outcome of this process.
General
Shareholders are referred to the company’s cautionary announcement dated 31 January 2013 and
are advised that it does not relate to the information published in this resource statement and that
the company remains involved in the negotiations referred to therein.
Johannesburg
06 February 2013
Designated Advisor
Sasfin Capital
(a Division of Sasfin Bank Limited)
Independent Competent Valuator
Venmyn
Competent Person
Independent Resource Estimations
Date: 06/02/2013 11:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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