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Section 11 Consent
CHROMETCO LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2002/026265/06)
Share code: CMO
ISIN Code: ZAE000070249
(“Chrometco” or “the Company”)
SECTION 11 CONSENT
Shareholders are referred to the SENS announcement released
on 14 September 2015 as well as the circular dated 2 October
2012 regarding the acquisition by Chrometco of drill data,
drill core and abandonment of prospecting right for PGMs and
other metals in favour of Chrometco by NKWE Platinum (South
Africa) Proprietary Limited (“NKWE”) and Realm Resources
Limited (“Realm”) (“the Transaction”).
Chrometco is pleased to announce that it has received letters
from the Department of Mineral Resources granting consent in
terms of section 11 of the Mineral and Petroleum Resources
Development Act No 28 of 2002 (“MPRDA”) to transfer the
mining rights M404 and M405, which are the mining rights on
portion two and the remainder portion, to Rooderand Chrome
(Pty) Limited (“Rooderand”) a 74% held CMO subsidiary.
This is a further major milestone towards the completion of
the Transaction, which will result in a combined mining right
for Chrome, PGMs and other metals on the remainder portion of
Rooderand.
Rooderand is also appropriately empowered with the required
26% BEE shareholding and concluding the transfer of the
mining rights will furthermore ensure compliance with the
MPRDA in that respect.
Shareholders will be kept informed of progress in this
regard.
30 September 2015
Johannesburg
Designated advisor
PSG Capital Proprietary Limited
Date: 30/09/2015 08:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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