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BAUBA PLATINUM LIMITED - Voluntary Announcement Chrome Project First Chrome Delivery

Release Date: 26/03/2015 16:07
Code(s): BAU     PDF:  
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Voluntary Announcement – Chrome Project – First Chrome Delivery

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


VOLUNTARY ANNOUNCEMENT – CHROME PROJECT – FIRST CHROME DELIVERY


Bauba is pleased to announce that the first shipment of run of mine chrome ore was collected by ASA
Metals Proprietary Limited (“ASA”) on 25 March 2015. This follows the first blast on the LG6 chrome
horison, at its Moeijelijk operation on 19 March 2015. The assay results of the first 2 100 tonnes of
chrome yielded the expected grade of 39% chrome and met the remaining product specifications as
per the chrome ore supply agreement with ASA.

“The assay result of the first shipment of chrome ore is very encouraging at 39% chrome content as
we know that the near surface material is weathered and that deeper material will generally produce
higher grade material,” says Bauba Chief Executive Officer, Syd Caddy. “Given the drilling results of
the exploration work done, we are fully expectant that the chrome content will increase with
corresponding improved revenue results.”


Johannesburg
26 March 2015

Sponsor
Merchantec Capital

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