BAU - Bauba undertakes scoping study on southern cluster
BAU
BAU
BAU - Bauba undertakes scoping study on southern cluster
BAUBA PLATINUM LIMITED
(formerly Absolute Holdings Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1986/004649/06)
Share code: BAU ISIN No: ZAE000145686
("Bauba" or "the Company")
BAUBA UNDERTAKES SCOPING STUDY ON SOUTHERN CLUSTER
In line with the project development plan announced earlier this year, Bauba
commenced work during September 2010 on a scoping study regarding the Southern
Cluster of its properties, situated within the Eastern Limb of the Bushveld
Igneous Complex (BIC).
The purpose of the scoping study is to determine an optimal conceptual mining
plan, with accompanying infrastructure, based on the current geological and
structural interpretation.
The study will form the baseline for future work on the properties and is the
first definitive phase in the development of mining assets; the following
phases being, pre-feasibility, feasibility and bankable feasibility studies.
The scoping study is running concurrently with the ongoing exploration
drilling programme on the properties as well as the compilation of a SAMREC
compliant resource estimate.
Venmyn and Sound Mining Solutions have been commissioned to conduct the
scoping study which is expected to be completed by the end of the first
quarter of 2011.
For further information please contact Pine Pienaar (011 548 7240/1) or visit
www.baubaplatinum.co.za.
Johannesburg
2 November 2010
Sponsor
Arcay Moela Sponsors (Proprietary) Limited
Date: 02/11/2010 09:07:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
