OTR Mining Limited
(Incorporated in the Republic of South Africa)
(Registration number 1995/006508/06)
("OTR")
FURTHER CAUTIONARY ANNOUNCMENT
Joint Venture between OTR Mining Limited ("OTR") and GB Mining and
Exploration SA (Proprietary) Limited
("the Joint Venture")Further to the cautionary announcements of 18 October
2000, 14 December 2000 and 5 April 2001, the board of directors of OTR is
able to announce that an agreement has been reached in principle in respect
of OTR's acquisition of additional PGM-bearing material. The Joint Venture
partners have the necessary funding available pending the final signature of
the agreements for the additional PGM material, whereupon the feasibility
study will be completed.
On completion of all of the above, a circular to shareholders covering all
aspects of the PGM project will be issued.
Shareholders should continue to exercise caution when dealing in OTR shares
until a further announcement is made.
Johannesburg
24 May 2001
Sponsor
ABN-AMRO Securities (South Africa) (Pty) Ltd
Registration number 1995/001231/07
Member of the JSE Securities Exchange South Africa
Attorneys
Fluxman Rabinowitz-Raphaely Weiner Inc
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