MERAFE RESOURCES LIMITED - Production report for the nine months ended 30 September 2017

Production report for the nine months ended 30 September 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 NINE MONTHS ENDED 30 SEPTEMBER 2017

Merafe’s attributable ferrochrome production from the Glencore Merafe Chrome Venture for the nine
months ended 30 September 2017 increased marginally compared to the comparative 2016 period.

Production volumes were managed across the quarters, through timing of furnace refurbishments to
optimise stock levels.

                                                  Three         Three         Nine          Nine
                                                 months        months       months        months
                                                  ended         ended        ended         ended
                                            30 Sep 2017   30 Sep 2016  30 Sep 2017   30 Sep 2016

Attributable ferrochrome production (kt)             70            89          286           285


13 October 2017
Sandton

Sponsor
One Capital

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