BAUBA PLATINUM LIMITED - Voluntary Announcement - Operational/Production Update

Voluntary Announcement - Operational/Production Update

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


VOLUNTARY ANNOUNCEMENT – OPERATIONAL/PRODUCTION UPDATE


On 5 January 2017, Bauba announced on SENS that chrome mining had resumed at its Moeijelijk Mine,
with a targeted chrome ore run-of-mine (“ROM”) output of 20 000 MT a month (to be achieved over a
3-month build-up period).

The Board is pleased to announce that Bauba has, as at January 2017 month-end, timeously exceeded
its production target in producing approximately 12 000 metric tons of ROM and has sold and delivered
10 044 metric tons of ROM free-on-truck at its Moeijelijk mine.

Furthermore, Bauba has received a composite sales consideration of R40.3 million (VAT exclusive) for
the sale of the aforesaid January ROM of which took place in terms of an off-take agreement entered
into by Bauba with a Singapore-based trading company.

“The achievement of our January 2017 production target reflects that the newly appointed day-to-day
management team of Bauba have successfully been bedded down and we are confident that the
continued build-up to a monthly production of 20 000 MT ROM may be achieved by the end of
March 2017” says Nick van der Hoven, Bauba’s Chief Executive Officer.


Johannesburg
24 February 2017

Sponsor
Merchantec Capital

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