BAUBA PLATINUM LIMITED - Chrome Project Update

Chrome Project Update

Bauba Platinum Limited
Incorporated in the Republic of South Africa
(Registration number 1986/004649/06)
Share code: BAU ISIN: ZAE000145686
("Bauba" or “the Company”)



CHROME PROJECT UPDATE



The last quarter of 2015 saw the market price of chrome-ore experience severe pressure with the price
dropping from $175 to $120 per tonne. The adverse changes in the chrome-ore market, specifically those
pertaining to price, have resulted in the Company’s chrome project becoming financially unviable at present.
As a result thereof, the board of directors of Bauba has decided to cease current operations and place the
Moeijelijk Mine under care-and-maintenance with effect from 11 January 2016. The Moeijelijk Mine shall
remain under care-and-maintenance until chrome-ore prices recover and increase to levels sufficient to
justify the continuation of mining operations again.


Johannesburg
11 January 2016

Sponsor
Merchantec Capital

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