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AQUARIUS PLATINUM LIMITED - Sale of Everest Mine Section 11 consent obtained: Part B becomes unconditional

Release Date: 02/10/2015 08:00
Code(s): AQP     PDF:  
Wrap Text
Sale of Everest Mine  – Section 11 consent obtained: Part B becomes unconditional

Aquarius Platinum Limited                                                        
(Incorporated in Bermuda)                                                        
Registration Number: EC26290                                                     
ISIN Code: BMG0440M1284  
JSE Share Code: AQP                                                                                                                  
        
Sale of Everest Mine  – Section 11 consent obtained: Part B becomes unconditional 
        
Aquarius Platinum Limited (Aquarius) announced on 10 February 2015 that its subsidiary, Aquarius 
Platinum (South Africa ) (Pty) Ltd (AQPSA), had entered into an agreement to sell its entire interest in 
the  Everest Mine and ancillary mining and processing infrastructure and immovable properties to 
Northam Platinum Limited (Northam), for an aggregate cash consideration of R450 million, to be 
completed in two parts, being R400 million for the concentrator and other mining assets of Everest 
Mine (Part A) plus R50 million for the Everest Mining Right (Part B). Part A of the disposal process 
was completed on 26 June 2015 following the receipt of R400 million.  
        
Aquarius is pleased to announce that the parties have obtained consent in terms of section 11 of the 
Mineral and Petroleum Resources Development Act, No. 28 of 2002 to transfer the Everest Mining 
Right to Northam. The conditions precedent to the Part B Sale have therefore been fulfilled and the 
Part B Sale has become unconditional. The Part B Sale is expected to be implemented on or about 8 October 2015.  
        
For further information please contact: 
        
In South Africa: 
                                                                                   
Jean Nel 
Aquarius Platinum (South Africa) (Pty) Ltd 
+27 (0) 10 001 2848 
         
In Australia: 
Willi Boehm 
Aquarius Platinum Corporate Services Pty Ltd  
+61 (0) 8 9367 5211 
or visit: www.aquariusplatinum.com 
                                                                           
2 October 2015 
       
Sponsor                                                                          
RAND MERCHANT BANK (A division of FirstRand Bank Limited)   

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