| Thu 26 Feb 2009, 16:00 | | CRD - Central Rand Gold Limited - New order mining and prospecting rights |
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CRD
CRD
CRD - Central Rand Gold Limited - New order mining and prospecting rights
successfully granted to Central Rand Gold SA
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 2007/0192231/10)
ISIN: GG00B24HM601
Share code on LSE: CRND
Share code on JSE: CRD
New Order Mining and Prospecting Rights Successfully Granted to Central Rand
Gold SA
Central Rand Gold Limited ("CRG"), the gold mining and exploration company is
pleased to announce that it has received notification from South Africa`s
Department of Minerals and Energy that its principal operating subsidiary,
Central Rand Gold SA (Pty) Limited ("CRGSA") has been granted New Order Mining
and Prospecting Rights over seven tenements pursuant to applications lodged in
accordance with section 11 of South Africa`s Mineral and Petroleum Resources
Development Act of 2002 ("s11 Applications").
For the tenement map, please refer to CRG`s website: www.centralrandgold.com
The awarding of the s11 Applications follows the granting of the first New Order
Mining Right for Consolidated Main Reef, Langlaagte and Crown Mines tenements
announced on 17 September 2008, and allows CRG to apply for New Order Mining
Rights for the rest of the tenements covered by the s11 Applications outlined in
the map above.
The New Order Mining and Prospecting Rights granted to CRGSA and its wholly
owned subsidiary, Ferreira Estate and Investment Company Limited ("FEIC"), are
referred to in the map above and detailed in the table below:
Tenement Name Area (Hectares)
Consolidated Main
Reef 5 594
Crown Mines
City Deeps
Langlaagte 510
Village Main 1 535
Robinson Deeps
Anglogold Ashanti 3 514
These s11 Applications were granted on February 25, 2009, and consequently CRGSA
will, on registration of the notarial cession and transfer in the Mineral Titles
Office (an administrative process), be the registered right holder of the
following New Order Prospecting Rights:
- Village Main and Robinson Deep (transferred from Rand Quest Syndicate
Limited);
- The AngloGold Ashanti Area (transferred from Anglogold Ashanti Limited)
Similarly, FEIC is the holder in respect of the following New Order Mining and
Prospecting Rights:
- Consolidated Main Reef;
- Crown Mines;
- City Deeps; and
- Langlaagte tenements (transferred from Gravelotte Mines Limited)
CRGSA has additional outstanding s11 Applications over the Western Areas A, B
and E, Simmer & Jack and Southern Deeps tenements.
Commenting on the granting of the above-mentioned New Order Mining and
Prospecting Rights to CRGSA, Mike Sullivan, Chief Operating Officer of Central
Rand Gold, said: "From an operational point of view, this is a highly positive
step forward for us as the contiguous nature of the rights granted will enable
us to optimise the development and production schedules over the entire area."
Issued on behalf of: Central Rand Gold Limited
Date: 26 February 2009
Contact:
Johan du Toit +27 (0) 11 551 4000
Wayne Epstein +27 (0) 11 551 4000
Enquiries:
Evolution Securities Limited +44 (0) 20 7071 4300
Simon Edwards / Chris Sim / Neil Elliot
Macquarie First South Advisers (Pty) Ltd +27 (0) 11 583 2307
Thato Morojele / Annerie Britz
Buchanan Communications Limited +44 (0) 20 7466 5000
Bobby Morse / Ben Willey
Jenni Newman Public Relations (Pty) Ltd +27 (0) 11 772 1033
Jenni Newman / Megann Outram
Date: 26/02/2009 16:00:03 Produced by the JSE SENS Department.
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