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BUFFALO COAL CORPORATION - Granting of a mining right

Release Date: 23/09/2020 15:48
Code(s): BUC     PDF:  
Wrap Text
Granting of a mining right

BUFFALO COAL CORP.
Registration number: 001891261
External company registration number: 2011/011661/10
Share code on the TSX Venture Exchange: BUF
Share code on the JSE Limited: BUC
ISIN: CA1194421014
("Buffalo Coal" or "the Company")

                                         Granting of a mining right (MR)

Buffalo Coal is a South African based company with mining operations based in Dundee, KwaZulu-Natal.

Buffalo Coal is pleased to announce that on 22 September 2020, its 70% owned subsidiary, Zinoju Coal (Pty) Ltd
(“Zinoju”), was granted a 30-year mining right (KZN30/5/1/2/2/10083MR) by the Department of Mineral
Resources and Energy, covering an area of 1,728.0124 hectares, to mine coal primarily from the Aviemore North
Adit reserves located in Dundee.

About Buffalo Coal
Buffalo Coal is a coal producer in southern Africa. It holds a majority interest in two coal mines through its 100%
interest in Buffalo Coal Dundee, a South African company which has a 70% interest in Zinoju. Zinoju holds a 100%
interest in the Aviemore anthracite mine and the Magdalena bituminous mine in South Africa. The Company has
two processing plants, one of which is located on the Magdalena property. The Magdalena mine and plant have
been placed on care and maintenance following the suspension of the Magdalena underground mining activities in
2018. Buffalo Coal Dundee’s head office is located in the town of Dundee and is known as the Coalfields site. The
second processing plant is located at the Coalfields site, as is the Company’s rail siding. Buffalo Coal has an
experienced coal-focused management team.

The Company has its primary listing on the TSX Venture Exchange ("TSXV”) and has a secondary listing on the
Alternative Exchange (“AltX”), operated by the JSE. Buffalo Coal trades under the symbol “BUF” on the TSXV and
“BUC” on the AltX.

FOR FURTHER INFORMATION PLEASE CONTACT:
Ms Emma Oosthuizen
Chief Executive Officer
Email: Emma.Oosthuizen@buffalocoal.co.za

Registered office:

Greytown Road
Industrial Area
Dundee
KwaZulu-Natal
3000

23 September 2020

Designated Advisor:
Questco Corporate Advisory Proprietary Limited

Date: 23-09-2020 03:48:00
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