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Resources Segment Update: Meya Mining’s Large Scale Mining Licence Issued
TRUSTCO GROUP HOLDINGS LIMITED
Incorporated in the Republic of Namibia
(Registration number 2003/058)
Registered as an external company in South Africa
(External registration number 2009/002634/10)
NSX share code: TUC
JSE share code: TTO
ISIN Number: NA000A0RF067
(“Trustco” or “the Company”)
RESOURCES SEGMENT UPDATE: MEYA MINING’S LARGE SCALE MINING LICENCE ISSUED
Trustco is pleased to advise shareholders (“Shareholders”) of the following update and refers
Shareholders to the SENS announcements dated 22 July 2019, in terms whereof it was announced
that Meya Mining received a letter from the National Minerals Agency (NMA) of the Government of
Sierra Leone confirming that the large scale mining licence has been approved on the
recommendation of the Minerals Advisory Board.
Shareholders are advised that Meya Mining received its Large Scale Mining Licence No ML2/2019
issued by the Minister of Mines and Mineral Resources for an initial term of 25 (twenty five) years
with effect from 26 July 2019.
Shareholders are further referred to the SENS announcement dated 9 August 2018 where it was
announced that both hurdle components have been achieved on the exploration results to the before
mentioned date. “Hurdle” means an intrinsic value of at least 3 million carats and/or a value of at
least USD 1 billion valued at international market prices. This was achieved during the Phase 1
exploration programme which focused on only 1 Dyke zone. Meya Mining will continue its resource
development programmes with the aim to define the resource in full. ML2/2019 encompasses an
area of 129.4 km2 and at least 16 more dyke zones were identified, which would unlock the full geo-
economic potential.
Windhoek, Namibia
12 August 2019
Amanda Bruyns
Company Secretary: Trustco Group Holdings Limited
JSE Sponsor
Vunani Corporate Finance
NSX Sponsor
Simonis Storm Securities Proprietary Limited
Date: 12/08/2019 05:15:00
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