NORTHAM PLATINUM LIMITED - Update on the sale of Booysendal South
NHM 201305020010A
Update on the sale of Booysendal South
NORTHAM PLATINUM LIMITED
Incorporated in the Republic of South Africa
(Registration number 1977/003282/06)
Share code: NHM
ISIN code: ZAE000030912
(“Northam” or “the company”)
UPDATE ON THE SALE OF BOOYSENDAL SOUTH
Northam confirms that the termination date for the fulfillment of certain of the
conditions precedent to the implementation of the sale of Booysendal South to
Aquarius Platinum (South Africa) Proprietary Limited, a subsidiary of Aquarius
Platinum Limited (‘Aquarius’) expired on 30 April 2013.
These conditions included the amendments of the relevant mining rights to effect the
transfer of Booysendal South to Aquarius in terms of Section 102 of the Mineral and
Petroleum Resources Development Act.
Booysendal South is important to the development of Aquarius’ Everest Mine.
Accordingly, Northam has been advised by Aquarius that it will remain in contact with
the Department of Mineral Resources and Northam in connection with the proposed
transaction.
Johannesburg
2 May 2013
Sponsor
One Capital
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