THARISA PLC - Tharisa to commission 1MW furnace to produce PGM-rich metal alloys

Tharisa to commission 1MW furnace to produce PGM-rich metal alloys

Tharisa plc
(Incorporated in the Republic of Cyprus with limited liability)
(Registration number HE223412)
JSE share code: THA
LSE share code: THS
ISIN: CY0103562118
(Tharisa)



Tharisa to commission 1MW furnace to produce PGM-rich metal alloys


Arxo Metals Proprietary Limited (Arxo Metals), the beneficiation, research and development
subsidiary of Tharisa, is commissioning a 1MW DC furnace to produce PGM-rich metal alloys on a
pilot scale. The production of PGM-rich metal alloys will further develop Tharisa’s beneficiation
capability and thereby the profitability of its PGM segment.

The furnace is scheduled to be commissioned at the end of September 2017 and will take
approximately six months to ramp up to a production of PGM-rich metal alloy. This alloy will be
smelted by Lonmin Plc as part of a PGM research and development co-operation agreement entered
into on 19 July 2017.

“The PGM research and development co-operation agreement is in line with the Group’s strategic
objective of moving down the value chain. Tharisa and Lonmin have a good relationship and we are
pleased to be working together to our mutual benefit,” said Tharisa CEO Phoevos Pouroulis.



Paphos, Cyprus
31 August 2017


JSE Sponsor
Investec Bank Limited


Investor Relations contact:
Tharisa plc
Sherilee Lakmidas
+27 11 996 3538
+27 79 276 2529
slakmidas@tharisa.com


Broker contacts:
Peel Hunt LLP (Joint Broker)
Ross Allister/ Chris Burrows
+44 207 7418 8900


BMO Capital Markets Limited (Joint Broker)
Jeffrey Couch/Neil Haycock/Thomas Rider
+44 020 7236 1010


Financial PR contacts:
Buchanan
+44(0) 20 7466 5000
tharisa@buchanan.uk.com

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