Metorex - Renewal Of Cautionary Announcement
METOREX LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1934/005478/06)
Share code: MTX
ISIN code: ZAE000022745
Issuer code` MEMTX
(`Metorex` or `the company`)
RENEWAL OF CAUTIONARY ANNOUNCEMENT
Metorex shareholders are referred to the announcement dated 22 November 2004 and
cautionary announcement dated 3 January 2005 and are advised that the Competent
Persons Reports for inclusion in the circular relating to the Ruashi
Copper/Cobalt project together with the additional independent reports are being
finalised and that the circular is expected to be posted to shareholders in
March 2005. Metorex has availed itself of this additional time to undertake
additional geological, metallurgical and mine planning investigations which have
yielded confirmatory and improved evaluations on the project and has provided a
higher level of confidence in the robust nature of the project.
Shareholders are accordingly advised to continue to exercise caution when
dealing in their shares on the JSE Securities Exchange South Africa until a
further announcement is made.
Johannesburg
2 February 2005
Sponsor Transaction arranger and corporate adviser
Barnard Jacobs Mellet Corporate Brait Corporate Finance, a division of
Finance (Pty) Limited Brait South Africa Limited
Independent competent person Legal adviser
Steffen, Robertson and Kirsten Bowman Gilfillan Inc
(SA) (Pty) Ltd
Independent reporting accountants Independent adviser to the Metorex
shareholders
Deloitte & Touche Deloitte & Touche Corporate Finance
Date: 02/02/2005 08:17:10 AM
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