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MIRANDA MINERAL HOLDINGS LIMITED - Granting of Rozynenbosch Prospecting Right

Release Date: 08/02/2018 08:30
Code(s): MMH     PDF:  
Wrap Text
Granting of Rozynenbosch Prospecting Right

Miranda Mineral Holdings Limited
(Incorporated in the Republic of South Africa)
Registration Number 1998/001940/06
Share Code: MMH
ISIN: ZAE000074019
(“Miranda Holdings” or “the Company)

GRANTING OF ROZYNENBOSCH PROSPECTING RIGHT

Miranda Mineral Holdings Ltd (“MMH”) is pleased to announce that the Minister of Mineral Resources
has granted Miranda Minerals (Pty) Ltd (“Miranda Minerals”), a wholly owned subsidiary of MMH, the
prospecting right in respect of the remainder of the farm Rozynenbosch No 104 in the
Magisterial/Administrative district Namaqualand, measuring 6483.37 hectares, which right is effective
from 5 February 2018 until 4 February 2021. Miranda Minerals has entered into a Black Economic
Empowerment agreement pursuant to the right being issued, details of which will be published on
SENS in due course.

This right relates to the copper ore, silver, zinc and lead deposit located on the farm Rozynenbosch in
the Kenhardt district of the Northern Cape. Extensive exploration was completed over the property
by Goldfields and Phelps Dodge in the 1970s and 1980s. Minxcon (Pty) Ltd is currently undertaking
completion of an independent SAMREC Code Compliant Mineral Resource estimation on the
Rozynenbosch Project, and an associated Competent Persons Report. These reports will be published
once all regulatory and compliance requirements with respect to their publication have been met.

Theo Botoulas, CEO of MMH commented “The issuance of the prospecting right for Rozynenbosch is
a milestone in the restructuring and refocussing of the Company and will serve as a solid foundation
for moving our strategy forward, particularly in light of the current positive market sentiment towards
commodities in general and metals in particular.”

Attorneys and Advisors in respect of Mineral Rights
Japie van Zyl Attorneys
Milnex 189 Environmental Consultants

Attorneys to the BEE Transaction
Taback and Associates Proprietary Limited

Media and investor relations
James Duncan
R & A Strategic Communications
james@rasc.co.za
+27 11 880 3924

8 February 2018
Sponsor and Corporate Adviser
River Group
Johannesburg

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