| Fri 18 Dec 2020, 17:20 | | BAUBA RESOURCES LIMITED - Reviewed Provisional Condensed Consolidated Results for the Year Ended 30 June 2020 |
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Reviewed Provisional Condensed Consolidated Results for the Year Ended 30 June 2020
Bauba Resources Limited
Incorporated in the Republic of South Africa
(Registration number: 1986/004649/06)
JSE share code: BAU
ISIN: ZAE000145686
(Bauba or the company or the group)
Short-form: reviewed provisional condensed consolidated results for the year
ended 30 June 2020
Salient points
- Revenue decreased by 14% to R260,394 million (2019: R302,122 million).
- Investment in property, plant and equipment decreased by 17% to
R51,578 million (2019: R62,215 million).
- Basic and headline loss per share of 8,07 cents, down 271% (2019: earnings
of 4,73 cents).
- Corporate social investment (CSI) spend increased by 72% to R10,520 million
(2019: R6,125 million).
- US$5 million obtained to finance the expansion of underground operations.
- Acquisition of 22% interest in Nuco Chrome Bophuthatswana Proprietary
Limited.
- Three lost-time incidents (2019: two).
- Execution of Hartebeesfontein prospecting rights.
- Increase in Moeijelijk Mineral Reserves and Mineral Resources.
Short-form announcement
This short-form announcement is the responsibility of the directors and is
only a summary of the information in the full announcement. The full
announcement is available at:
https://senspdf.jse.co.za/documents/2020/jse/isse/bau/YE20.pdf
and can be found on the company's website http://www.baubaresources.co.za.
This short form does not contain the complete or full announcement details.
The provisional condensed consolidated financial results for the year ended
30 June 2020 have been reviewed by BDO South Africa Incorporated, who
expressed an unmodified review opinion thereon.
Any investment decision should be based on consideration of the full
announcement, copies of which are available for inspection at no charge from
Monday to Friday, during office hours, at the company's registered office and
the office of the sponsor.
Johannesburg
18 December 2020
Board of directors
NPJ van der Hoven# (Chairman), M Luyt*, DS Smith*, Dr NM Phosa#
King TV Thulare (Alternate), Ms T Makgala*, NW van der Hoven, JA Knowlden
#Non-executive *Independent non-executive
Sponsor
Merchantec Capital
13th Floor, Illovo Point, 68 Melville Road,
Illovo, Sandton, 2196
(PO Box 41480, Craighall, 2024)
Registered Office
Cube Workspace, 1 Wedgewood Link, Bryanston,
Johannesburg, 2191, South Africa
(PO Box 1658, Witkoppen, 2068)
Company Secretary
Merchantec Proprietary Limited
Transfer Secretaries
Computershare Investor Services Proprietary Limited
Rosebank Towers, 15 Biermann Avenue, Rosebank, 2196
(Private Bag X9000, Saxonwold, 2132)
Auditor
BDO South Africa Incorporated
52 Corlett Drive, Illovo, 2196
Date: 18-12-2020 05:20:00
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