MESSINA LIMITED
News Release
SHARE CODE: MES
ISIN CODE: ZAE000004438
Messina Mine Delivers First PGM Concentrate
Johannesburg, 5 September 2001 - Messina Limited ("Messina"), a 70.4% owned
subsidiary of SouthernEra Resources Limited, announced today that its
Accelerated Production Initiative ("API") project has shipped its first
platinum group metal ("PGM") concentrate. During August the API plant
processed 3,400 tons of Messina ore producing 90 tonnes of slurry
concentrate. The PGM concentrate was transported to Impala Refining
Services for smelting and refining.
Underground development for the API project is also proceeding as planned.
The first stope production from the No.1A West raise commenced at the end of
August as scheduled. As originally projected, stope production will be
ramped up to reach 20,000 tonnes per month by the end of the year.
Patrick Evans, Messina and SouthernEra CEO, said "Messina's first
concentrate shipment marks an important milestone for the Company. The
successful start-up of the API project demonstrates the Company's ability to
bring a PGM project through to production on schedule and on budget. This
bodes well for the larger Messina mine which is currently under
construction. Shaft sinking on the 6.2 metre diameter main production shaft
is progressing as planned and has reached the 400 metre level elevation."
Mr. Evans also noted that Messina continues to make excellent progress in
finalizing the documentation for its project debt financing of the larger
mine and expects to make a further announcement shortly.
SouthernEra Resources Limited is a diamond mining and exploration company
and an emerging platinum group metals producer. The common shares of
SouthernEra are traded under the symbol SUF on the Toronto Stock Exchange.
The common shares of Messina are traded on the JSE Securities Exchange SA
under the symbol MES.
FOR FURTHER INFORMATION PLEASE CONTACT:
SouthernEra Resources Limited
Patrick C. Evans, President and CEO; or
Rudi P. Fronk, Director; at
Telephone: (416) 359-9282
Fax: (416) 359-9141
e-mail: inbox@southernera.com
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