| Wed 28 Jan 2009, 11:59 | | AFO - Aflease Gold Hoists First Ore At Recommissioned Sub-Nigel |
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AFO
AFO
AFO - Aflease Gold Hoists First Ore At Recommissioned Sub-Nigel
Aflease Gold Limited
(Incorporated in the Republic of South Africa)
(Registration number 1984/006179/06)
JSE Share code: AFO
ISIN: ZAE000075867
International Prime QX (OTCQX): AFSGY
("Aflease Gold")
AFLEASE GOLD HOISTS FIRST ORE AT RECOMMISSIONED SUB-NIGEL
Johannesburg, 28 January 2009 - Aflease Gold (JSE code AFO) today announced
that it hoisted the first ore as scheduled from its recommissioned Sub-Nigel
mine on the Witwatersrand on 27 January.
The ore will be stockpiled at the company`s nearby Modder East operation for
processing from May when the Modder East plant goes into production. The new
mine Aflease Gold is developing at Modder East is on track for first production
in the last quarter of this year.
Aflease Gold chief executive Neal Froneman said the successful recommissioning
of Sub-Nigel would enable the company to build up ore stocks, run in the new
plant and train workers in preparation for the start of operations at its
flagship Modder East operation. "The focus of the Sub-Nigel team is now on
safely achieving the planned production profile and establishing an underground
training centre," he said.
For further information contact Neal Froneman, chief executive, on +27 83 628
0226
Issued by Aflease Gold Limited
Website : www.afleasegold.com
FORWARD-LOOKING STATEMENT: This news release includes certain "forward-looking
statements" and "forward-looking information". All statements other than
statements of historical fact included in this release including, without
limitation, statements regarding future plans and objectives of Aflease Gold and
BMA Gold are forward-looking statements (or forward-looking information) that
involve various risks and uncertainties. There can be no assurance that such
statements will prove to be accurate and actual results and future events could
differ materially from those anticipated in such statements. Important factors
could cause actual results to differ materially from Aflease Gold and BMA Gold`s
expectations. Such factors include, among others, the actual results of
exploration activities, actual results of reclamation activities, the estimation
or realisation of mineral reserves and resources, the timing and amount of
estimated future production, costs of production, capital expenditures, costs
and timing of the development of new deposits, availability of capital required
to place Aflease Gold and BMA Gold`s properties into production, conclusions of
economic evaluations, changes in project parameters as plans continue to be
refined, future prices of gold and other commodities, possible variations in ore
grade or recovery rates, failure of plant, equipment or processes to operate as
anticipated, accidents, labour disputes and other risks of the mining industry,
delays in obtaining governmental approvals, permits or financing or in the
completion of development or construction activities, Aflease Gold and BMA
Gold`s hedging practices, currency fluctuations, title disputes or claims
limitations on insurance coverage, Although Aflease Gold and BMA Gold have
attempted to identify important factors that could cause actual results to
differ materially, there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that such
statements will prove to be accurate as actual results and future events could
differ materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking statements. Aflease
Gold and BMA Gold do not undertake to update any forward-looking statements that
are included herein, except in accordance with applicable securities laws. No
stock exchange, securities commission or other regulatory authority has approved
or disapproved the information contained herein.
Date: 28/01/2009 11:59:01 Produced by the JSE SENS Department.
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