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CRD
CRD
CRD - Central Rand Gold Limited - Toll Treatment Arrangement
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 2007/019223/10)
ISIN: GG00B24HM601
Share code on LSE: CRND
Share code on JSE: CRD
Toll Treatment Arrangement
Central Rand Gold`s operating subsidiary, Central Rand Gold SA (Pty) Limited
("CRG" or the "Company") has entered into a toll treatment agreement with
Cuminore (Pty) Limited ("Cuminore") for the toll treatment and extraction of
gold from concentrate that is currently being produced from the 20tph crushing
and concentrating plant located at Slot 8 on the Consolidated Main Reef
tenement.
The agreement caters for the treatment of 3,600 tons of concentrate with cost
expectations closely aligned with the Company`s internal Carbon in Leach ("CIL")
plant expected operational costs. The Cuminore plant is to be utilised
exclusively for material supplied by CRG to ensure that there is no loss of
material. A full clean up, including the stripping of the mill linings will also
occur at the end of the contract. Cuminore`s treatment facility is located less
than 5 kilometres away from Slot 8.
The primary reason for this agreement is to ensure an early cashflow while the
Company`s CIL plant is being commissioned. The Company expects to begin treating
concentrate through its own CIL plant by the end of April 2009. There are also
potential synergies that could arise from the relationship with Cuminore
including uranium and sulphur extraction.
Issued on behalf of: Central Rand Gold Limited
Date: 31 March 2009
Contact:
Johan du Toit + 27 (0) 11 551 4000
Wayne Epstein + 27 (0) 11 551 4000
info@centralrandgold.com
Enquiries:
Evolution Securities Limited + 44 (0) 20 7071 4300
Simon Edwards/Chris Sim/Neil Elliot
Macquarie First South Advisors (Pty) Ltd + 27 (0) 11 583 2307
Thato Morojele/Annerie Britz/Melanie de
Nysschen
Buchanan Communications Limited + 44 (0) 20 7466 5000
Ben Willey/Bobby Morse
Date: 31/03/2009 12:30:01 Produced by the JSE SENS Department.
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