BAU 201601110006A
Chrome Project Update
Bauba Platinum Limited
Incorporated in the Republic of South Africa
(Registration number 1986/004649/06)
Share code: BAU ISIN: ZAE000145686
("Bauba" or “the Company”)
CHROME PROJECT UPDATE
The last quarter of 2015 saw the market price of chrome-ore experience severe pressure with the price
dropping from $175 to $120 per tonne. The adverse changes in the chrome-ore market, specifically those
pertaining to price, have resulted in the Company’s chrome project becoming financially unviable at present.
As a result thereof, the board of directors of Bauba has decided to cease current operations and place the
Moeijelijk Mine under care-and-maintenance with effect from 11 January 2016. The Moeijelijk Mine shall
remain under care-and-maintenance until chrome-ore prices recover and increase to levels sufficient to
justify the continuation of mining operations again.
Johannesburg
11 January 2016
Sponsor
Merchantec Capital
Date: 11/01/2016 11:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
