Sub Nigel Gold Mining Company Limited - Press Rele
Sub Nigel Gold Mining Company Limited - Press Release
SUB NIGEL GOLD MINING COMPANY LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1984/006179/06)
Share code: SBN ISIN: ZAE000006391
(`Sub Nigel` or `the company`)
Press release
Sub Nigel is pleased to announce that following its submission of a mining right
application in terms of section 22 of the Mineral and Petroleum Resources
Development Act for its Spaarwater mine on April 22nd 2005, written notification
has been received of the acceptance of the application by the Department of
Minerals and Energy on 28th April 2005, with instructions to proceed with the
application process. Whilst the mining right application process is being
concluded, mining at Spaarwater can and will continue in accordance with the old
order mining license and the approved environmental management programme report.
Shareholders are also advised that construction activities at the company`s
Spaarwater project is continuing as scheduled. The company is pleased with the
progress made to date which is both under budget and on time in terms of the
construction schedule. Furthermore, an agreement for the toll treatment of the
Company`s gold bearing ore is being finalised. The Company will be making a
further announcement with regards to Spaarwater in due course.
Nigel
6 May 2005
Sponsor
Sasfin Corporate Finance
A division of Sasfin Bank Limited
Date: 06/05/2005 03:45:13 PM
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