BAUBA PLATINUM LIMITED - RENEWAL OF PROSPECTING RIGHTS
BAU
RENEWAL OF PROSPECTING RIGHTS
BAUBA PLATINUM LIMIT
(Incorporated in the Republic of South Africa)
(Registration number 1986/004649/06)
Share code: BAU :ISIN No: ZAE000145686
(?Bauba Platinum? or ?the Company?)
RENEWAL OF PROSPECTING RIGHTS
Bauba Platinum is pleased to announce to shareholders that it has
been granted the renewal of the two new order Prospecting Rights,
held by Bauba A Hlabirwa Mining Investments (Pty) Ltd (?Bauba A
Hlabirwa?), over the Bauba Project. Bauba A Hlabirwa is 60% held
by Bauba Platinum and 40% by the Bapedi Nation.
The Prospecting Rights have been issued by the Department of
Mineral Resources for a further period of three years. They cover
all eight properties which make up the Bauba Project and which are
geographically grouped as the Southern, Central and Northern
clusters.
The renewed rights have been notarially executed and will be lodged
with the Mineral and Petroleum Titles Office for registration.
?We are delighted that the renewals have been granted. This will
allow the Company to continue to develop the Bauba Project in
accordance with our strategy and in collaboration with the Bapedi
Nation,? said Bauba Platinum?s Chief Executive, Grant Pitt.
For further information please contact Grant Pitt (011 548 7240) or
visit www.bauba.co.za.
Johannesburg
19 July 2012
Sponsor
Merchantec Capital
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