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MERAFE RESOURCES LIMITED - Update regarding publication of the results for the six months ended 30 June 2020

Release Date: 07/08/2020 14:14
Code(s): MRF     PDF:  
Wrap Text
Update regarding publication of the results for the six months ended 30 June 2020

Merafe Resources Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1987/003452/06)
JSE share code: MRF
ISIN: ZAE000060000
(“Merafe” or the “Company”)

UPDATE REGARDING PUBLICATION OF THE RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2020

Shareholders of the Company (“Shareholders”) are referred to the production report and trading
statement for the six months ended 30 June 2020 published on SENS on 27 July 2020, wherein
Shareholders were advised that, inter alia, the financial results for the six months ended 30 June 2020
(“Results”) are expected to be released on SENS on or about 11 August 2020.

Shareholders are advised that the publication of the Results has been delayed as a result of impairment
considerations. In terms of IAS 36: Impairment of Assets, the Company is required to conduct an
impairment assessment at each reporting period. The current significant uncertainty on market
conditions, as a result of the COVID-19 novel, has necessitated a detailed review of the assumptions
and the model used for this purpose. Consequently, the Results are now expected to be released on
SENS on or about 11 September 2020.


Sandton
7 August 2020

Sponsor
One Capital

Date: 07-08-2020 02:14:00
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