MERAFE RESOURCES LIMITED - Production report for the first quarter ended 31 March 2017

Production report for the first quarter ended 31 March 2017

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 2017

Merafe's attributable ferrochrome production from the Glencore Merafe
Chrome Venture (the Venture) for the first quarter of 2017 increased by 10%
compared to the comparative period. This increase is primarily attributable
to improved performances and efficiencies across the Venture’s furnaces
coupled with the restarting of Rustenburg furnace 5 in the second half of
2016.



                                                       Q1 2017    Q1 2016
Attributable ferrochrome production (kt)                   113        103



11 April 2017
Sandton

Sponsor:
Merrill Lynch South Africa Proprietary Limited

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