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Publication of a Competent Person’s Report and an updated Resource and Reserve Estimate
Unicorn Capital Partners Limited
Incorporated in the Republic of South Africa
(Registration number 1992/001973/06)
Share code: UCP ISIN: ZAE000244745
(“Unicorn” or “the Company”)
PUBLICATION OF A COMPETENT PERSON’S REPORT AND AN UPDATED RESOURCE AND RESERVE ESTIMATE
The Company’s Integrated Annual Report in respect of the year ended 30 June 2019 contained an Abridged
Resource and Reserve Estimate as at 30 June 2019 (“RRE”).
During 2018, Nkomati Anthracite Proprietary Limited (“Nkomati”) commenced with an extensive mine
development and exploration program. During 2019, the exploration program continued at Nkomati and was
completed by end September 2019.
The Company commissioned an updated Competent Person’s Report (“CPR”), the effective date of which is
30 September 2019 and the RRE has accordingly been updated to correlate to the information contained therein.
The resource declared in the Company’s Integrated Annual Report as at 30 June 2019 amounted to 32 578 000
Mineable Tonnes In Situ (“MTIS”). The resource has subsequently increased to 38 500 000 MTIS on completion of
the exploration program as at 30 September 2019.
Tenement Mining (Pty) Limited (“the Competent Person”), has prepared the CPR and has approved the
information, in writing, in advance of publication. The Competent Person is independent of Unicorn.
The updated RRE and the CPR are available on the following websites:
https://www.unicorncapital.co.za/wp-content/uploads/2019/12/September-2019-NKomati-Coal-Resource-Coal-
Reserve-Statement-CRR.pdf
https://www.unicorncapital.co.za/wp-content/uploads/2019/12/September-2019-NKomati-Anthracite-mine-
Independent-Competent-Persons-Report-CPR.pdf
Johannesburg
27 December 2019
Sponsor:
Questco Corporate Advisory Proprietary Limited
Date: 27-12-2019 02:50:00
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