Trading Statement
MANTENGU MINING LIMITED
(Formerly Mine Restoration Investments Limited)
Incorporated in the Republic of South Africa
(Registration number: 1987/004821/06)
Share code: MTU ISIN: ZAE000302360
("Mantengu" or “the Group”)
TRADING STATEMENT
In terms of paragraph 3.4(b) of the Listings Requirements of JSE Limited, companies are required to
publish a trading statement as soon as they become reasonably certain that the financial results for the
period to be reported on will differ by more than 20% from that of the previous corresponding period.
Mantengu previously communicated Company results to the market. Mantengu finalised its acquisition
of Langpan Mining Co. (Pty) Ltd as of 27 July 2022 and therefore, will be reporting Group numbers
going forward. For the purposes of this trading statement, the interim Group numbers as at 31 August
2022 have been compared to the interim Company numbers as at 31 August 2021.
Accordingly, a review by management of the financial results for the six month period ended 31 August
2022 has indicated that:
- the Group’s basic and headline earnings / loss per share are both expected to be between a loss
of 1.71 and earnings of 1.69 cents per share, reflecting an improvement of between 95.0% and
105.0% compared to the Company’s basic loss and headline loss per share of 34.0 cents for the
comparative period ended 31 August 2021. This is largely driven by a higher weighted average
number of shares stemming from the 137.5 billion shares issued for the reverse acquisition.
The financial information on which this trading statement is based has not been reviewed or reported
on by the Group’s auditors. Mantengu's interim results are expected to be released on SENS on or
about 29 November 2022.
Johannesburg
25 November 2022
Designated Advisor
Merchantec Capital
Date: 25-11-2022 04:58:00
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