MERAFE RESOURCES LIMITED - Production report for the first quarter ended 31 March 2018

Production report for the first quarter ended 31 March 2018

Merafe Resources Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1987/003452/06)
JSE share code: MRF
ISIN: ZAE000060000
(“Merafe” or the “Company”)

Production report for the first quarter ended 31 March 2018

Merafe’s attributable ferrochrome production from the Glencore Merafe Chrome Venture for the first
quarter ended 31 March 2018 decreased by 7% compared to the quarter ended 31 March 2017. This
decrease was as a result of downtime for additional maintenance requirements at the Lion and
Rustenburg ferrochrome plants.

                                                              First quarter        First quarter
                                                                      ended                ended
                                                              31 March 2018        31 March 2017

Attributable ferrochrome production (kt)                               105                   113



Sandton
13 April 2018


Sponsor
One Capital

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