ABO - Absolute Holdings - Commencement of drilling programme - Bauba A Hlabirwa
ABO
ABO
ABO - Absolute Holdings - Commencement of drilling programme - Bauba A Hlabirwa
Mining Investments (Proprietary) Limited
ABSOLUTE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1986/004649/06)
Share code: ABO ISIN No: ZAE000144267
("Absolute" or "the Company")
COMMENCEMENT OF DRILLING PROGRAMME ON THE PROPERTIES OVER WHICH BAUBA A HLABIRWA
MINING INVESTMENTS (PROPRIETARY) LIMITED ("BAUBA") HOLDS PLATINUM PROSPECTING
RIGHTS
DRILLING COMMENCES ON THE SOUTHERN CLUSTER
Further to the Company`s cautionary announcement dated 15 February 2010 and
relating to the acquisition by Absolute of an effective 60% direct and indirect
participation in Bauba, the Company is pleased to announce that:
a detailed investigative exploration programme has been designed that will be
initiated by diamond drilling, geological and geophysical mapping, and
sophisticated interpretation of the areas of interest; and
Bauba`s contract drilling company Discovery Drilling Contractors are commencing
the drilling of borehole #2 and #4 today.
CAUTIONARY ANNOUNCEMENT
Shareholders are reminded to continue to exercise caution in dealing in their
securities until a further announcement is made in relation to the achievement
of the conditions precedent set out in paragraph 5 of the cautionary
announcement of 15 February 2010.
For further information please contact Mark Rosslee on 083 308 8000 or Dennis
Tucker on 082 492 4957.
Johannesburg
06 April 2010
Corporate advisor Legal advisor Sponsor
Qinisele Resources Eversheds Arcay Moela
(Pty) Limited Sponsors (Pty)
Limited
Date: 06/04/2010 14:16:17 Produced by the JSE SENS Department.
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