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CENTRAL RAND GOLD LIMITED - Tolling Agreement Processing Commencement

Release Date: 29/07/2016 09:00:00      Code(s): CRD       PDF(s):  
Tolling Agreement Processing Commencement

Central Rand Gold Limited
(Incorporated as a company with limited liability under the laws of Guernsey, Company Number 45108)
(Incorporated as an external company with limited liability under the laws of South Africa,
Registration number 2007/019223/10)
ISIN: GG00B92NXM24
LSE share code: CRND JSE share code: CRD
(“Central Rand Gold” or the “Company”)


Tolling Agreement Processing Commencement


Further to the “Tolling Agreement Executed and First Ore Delivery Received” announcement dated
22 July 2016, regarding Toll Treatment and Joint Venture Opportunities, the board of directors of Central
Rand Gold is pleased to provide the following update to shareholders.


Joint Venture Tolling Agreement Update

Central Rand Gold is pleased to announce that it has commenced processing the gold bearing ore which
has been stockpiled at the Company’s metallurgical plant by the third party ore supplier (“Ore Supplier”)
throughout the month of July. The Company is presently processing the stockpiled gold bearing material
through Mill 3 only as Mill 1 is still being installed post refurbishment. The Company expects that material
will be processed through both Mill 1 and Mill 2 from early August onward.


The Company is pleased that the Ore Supplier continues to regularly deliver the material for stockpiling at
the Company’s metallurgical plant. The Company recently completed metallurgical testing of the material
and is expecting recovery rates consistent with industry standards.


Additional Joint Venture Opportunities

The Company continues to advance due diligence and negotiations with additional third parties regarding
a variety of joint venture alternatives. The Company expects to be in a position to update shareholders
regarding the Joint Venture Opportunities in the near future.


For further information, please contact:
Central Rand Gold                                                                      +27(0) 87 310 4400
Lola Trollip / Nathan Taylor


Panmure Gordon (UK) Limited – Nominated Adviser & Broker                             +44 (0) 20 7886 2977
Adam James / James Greenwood


Merchantec Capital – JSE Sponsor                                                      +27 (0) 11 325 6363
Monique Martinez / Marcel Goncalves

29 July 2016


The information communicated in this announcement is inside information for the purposes of Article 7 of
Market Abuse Regulation 596/2014 ("MAR").

Date: 29/07/2016 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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