AQP - Aquarius Platinum Limited - Mimosa Fire Incident - Further update
AQP
AQP
AQP - Aquarius Platinum Limited - Mimosa Fire Incident - Further update
Aquarius Platinum Limited
(Incorporated in Bermuda)
Registration Number: EC26290
Share Code JSE: AQP
ISIN Code: BMG0440M1284
MIMOSA FIRE INCIDENT- FURTHER UPDATE
Aquarius Platinum Limited ("Aquarius" or the "Company") is pleased to confirm
that, further to our earlier update stating that all personnel at Mimosa are
safe and accounted for with no injuries reported, the underground fire has been
extinguished and a damage assessment has been made.
The processing plant operations at Mimosa were unaffected by the fire, which was
confined to underground operations. Mining operations are expected to recommence
by Monday 28 May 2012. It is anticipated that for approximately three weeks,
mining output will be at an average of 70% of normal production, increasing to
100% of normal by Monday 18 June 2012. The loss of mining production during this
period is estimated to be 75,000 tons, which is more than covered by the current
stockpile of approximately 130,000 tons.
As a result, PGM production at Mimosa will not be affected by this incident and
is expected to remain on budget.
For further information please contact:
In the United Kingdom
Gavin Mackay
+44 7909 547 042
In Australia: In South Africa:
Willi Boehm Stuart Murray
+61 8 9367 5211 +27 (0) 11 656 1140
23 May 2012
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 23/05/2012 17:16:15 Produced by the JSE SENS Department.
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