RESOURCE GENERATION LIMITED - Market Update

Market Update

     Resource Generation Limited
     Registration number ACN 059 950 337
     (Incorporated and registered in Australia)
     ISIN: AU000000RES1
     Share Code on the ASX: RES
     Share Code on the JSE: RSG
     (“Resgen” or the “Company”)


     1 April 2020



                                                                          Market Update

     Resource Generation Limited (ASX:RES) (Resgen or Company) refers to the
     disclosures in the 31 December 2019 Quarterly Activities Report and Half Year
     Financial Report for the period 31 December 2019 (note 3) regarding arrangements with
     Noble Group for an extension of its existing working capital facility and confirms that this
     process remains ongoing and expects to update the market shortly.

     Approved by the Continuous Disclosure Committee

     About Resgen:

     Resource Generation Limited (Resgen) is an emerging ASX and JSE-listed energy company, currently
     developing the Boikarabelo Coal Mine in South Africa’s Waterberg region. The Waterberg accounts for
     around 40% of the country’s currently known coal resources. The Coal Resources and Coal Reserves for the
     Boikarabelo Coal Mine, held through the operating subsidiary Ledjadja Coal, were recently updated based
     upon a new mine plan and execution strategy. The Boikarabelo Coal Resources total 995Mt and the Coal
     Reserves total 267Mt applying the JORC Code 2012 (ASX Announcement :23 January 2017- In accordance
     with Listing Rule 5.23.2 the Company confirms that it is not aware of any new information that would impact
     on the Reported Coal Resources and Coal Reserves). Stage 1 of the mine development targets saleable coal
     production of 6 million tonnes per annum. Ledjadja Coal is a Black Economic Empowerment subsidiary (BEE)
     operating under South Africa’s Broad-based Black Economic Empowerment Act, Section 9(5): Codes of Good
     Practice



Resource Generation Australia (ACN 059 950 337)
c/o Level 1, 17 Station Road, Indooroopilly, QLD, 4068
GPO Box 126, Albion QLD 4010. Phone +27 (011) 010 6310 Fax +27 (086) 539 3792
Directors: Lulamile Xate (Chairman), Robert Croll, Dr. Konji Sebati,
Colin Gilligan, Leapeetswe Molotsane, Manish Dahiya, Michael Gray                               www.resgen.com.au
Interim CEO: Leapeetswe Molotsane
Company secretary: Mike Meintjes
ResGen’s primary shareholders are the Public Investment Corporation of South Africa (PIC), Noble Group
and Altius Investment Holdings.

For further information please contact:

Mike Meintjes, Company Secretary on mmeintjes@resgen.com.au or +61 413 706 143

Media enquiries:

South Africa: Marion Brower/ Charmane Russell on +27 11 880 3924

JSE Sponsor:

Deloitte & Touche Sponsor Services (Pty) Limited




                                                                                                 PAGE 2

Date: 01-04-2020 08:54:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.