NORTHAM PLATINUM LIMITED - Update on Northoam's Zondereinde Smelter

Update on Northoam's Zondereinde Smelter

NORTHAM PLATINUM LIMITED
Incorporated in the Republic of South Africa
(Registration number 1977/003282/06)
Share code: NHM
ISIN code: ZAE000030912
(“Northam” or “the company”)



UPDATE ON NORTHAM’S ZONDEREINDE SMELTER


Further to the company’s announcement on 16 May 2013 with regard to the

reduction of energy intensity at the Zondereinde mine smelter, a series of ultrasonic

tests and temperature readings have demonstrated erosion of the refractory bricks

comprising the walls of the smelter in proximity to the slag interface.    This has

necessitated a rebuild of the smelter.



Further pyrometallurgical and chemical analyses will be carried out to ascertain the

cause of the erosion.



The Zondereinde mine and concentrators continue to operate normally, while the

concentrate will be treated on a toll basis at other facilities.



The duration and cost of the rebuild will be determined in due course as further

information becomes available.



Johannesburg
23 May 2013


Sponsor
One Capital

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