MERAFE RESOURCES LIMITED - Production Report for the First Quarter Ended 31 March 2016

Production Report for the First Quarter Ended 31 March 2016

Merafe Resources Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1987/003452/06)
JSE share code: MRF
ISIN: ZAE000060000
(“Merafe”)


Production report for the first quarter ended 31 March 2016

Merafe's attributable ferrochrome production from the Glencore Merafe Chrome Venture (the Venture) for the
first quarter of 2016 increased by 4% compared to the comparative period. This increase is primarily attributable
to the additional tonnes from the Lion II furnaces which are now fully operational.
The Venture’s installed capacity utilisation for the first quarter of 2016 is 87%.




                                                                            Q1             Q1
                                                                          2016           2015
Attributable ferrochrome production (kt)                                   103             99


20 April 2016
Sandton

Sponsor:
Merrill Lynch South Africa Proprietary Limited

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