BAUBA PLATINUM LIMITED - Voluntary Announcement Chrome Project First Blast

Voluntary Announcement – Chrome Project – First Blast

BAUBA PLATINUM LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1986/004649/06)
Share code: BAU ISIN No: ZAE000145686
                                               

VOLUNTARY ANNOUNCEMENT – CHROME PROJECT – FIRST BLAST


Bauba is pleased to announce that the first blast on the LG6 chrome horison, on its Moeijelijk
operation, was taken on 19 March 2015. Mine establishment began in the first week of January 2015,
culminating in this blast which will produce approximately 15 000 tonnes of chrome ore at an
expected grade of 39% chrome. The first delivery of run of mine chrome ore to ASA Metals
Proprietary Limited will commence before the end of March 2015. The build up to the planned 20 000
tonnes of chrome ore per month is expected to be achieved within two months from start-up.

“This first blast represents a significant milestone for Bauba”, says Bauba Chief Executive Officer, Syd
Caddy. “It truly announces the transformation of Bauba from a pure platinum exploration company to
an exploration and production company. The chrome production will further ensure that funding
becomes available to support the platinum exploration program and place the company in a position
to declare dividends to its shareholders.”

Bauba is, in addition to its current Moeijelijk project, continually evaluating other potential chrome
projects, with a view to potentially expanding its chrome footprint in the market place and thereby, if
successful, further enhancing its free cash flow.



Johannesburg
20 March 2015

Sponsor
Merchantec Capital

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