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TRANS HEX GROUP LIMITED - Production and sales update

Release Date: 09/12/2013 16:00
Code(s): TSX     PDF:  
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Production and sales update

Trans Hex Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1963/007579/06)
Share code: TSX
ISIN: ZAE000018552
("Trans Hex" or "the Company")


PRODUCTION AND SALES UPDATE

Trans Hex is pleased to provide an update in respect of
its diamond production and sales.

Year-to-date production at the Group’s South African
operations amounted to 34 435 carats at end November 2013.

As previously reported, 21 849 carats were produced
during the first six months of the 2013/14 financial year
to end-September 2013.

12 586 carats were produced in October and November,
reflecting an average grade of 1,17 carats/100m3, up from
the average of 0,78 carats/100m3 achieved during the
first half of the year, as well as progress with ongoing
efforts to increase the volume of gravels treated.

Somiluana Mine in Angola, in which Trans Hex holds a 33%
stake, produced 14 184 carats during October and November,
taking its year-to-date production to 49 963 carats at
end-November 2013 and continuing the upward trend
indicated in the first half.

The Group’s October and December 2013 tender sales of
South African production amounted to R161,2 million
(12 759 carats at an average price of US$1 243 per carat
and average exchange rate of R10,17).

Year-to-date sales as at 5 December amounted to 39 701
carats, totalling R434,3 million.

Somiluana realized a total of US$5,9 million for its
October and November sales (13 073 carats at an average
price of US$454 per carat).

Two further tender sales of South African production will
be held during the financial year, which ends on 31 March
2104. Somiluana conducts monthly sales.
The external auditors have not reviewed or reported on
the information provided in this update and it does not
constitute an earnings forecast.


For and on behalf of the board
Cape Town
9 December 2013

JSE Sponsor
Sasfin Capital (A division of Sasfin Bank Limited)

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