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Aquarius - First Concentrate Produced and Shipped from the Everest Platinum Mine
Aquarius Platinum Limited
(Incorporated in Bermuda)
Registration number: EC26290
Share code on JSE: AQP ISIN: BMG0440M1029
Share code on ASX: AQP.AX ISIN: BMG0440M1029
Share code on LSE: AQP.L ISIN: BMG0440M1029
Share code on US Over the counter market: AQPTY ISIN: US03840M2089
("Aquarius")
30 November 2005
First Concentrate Produced and Shipped from the Everest Platinum Mine
Aquarius Platinum Limited ("Aquarius") is pleased to announce the first shipment
of concentrate from the Everest Platinum Mine ("Everest Mine") yesterday
(Tuesday 29 November 2005), one month ahead of the ambitious project schedule.
The Everest Mine is located near the town of Lydenburg on the Eastern Limb of
South Africa"s renowned Bushveld Complex. Construction commenced in November
2004, with the receipt of funds from Aquarius" landmark Black Economic
Empowerment transaction with the Savannah Consortium.
With the first concentrate now shipped, the Everest Mine is on track to ramp up
to full production of 225,000 PGM ounces on an annual basis by end of 2006.
Already, a 450,000 ton reef stockpile has been generated at the mine to assist
the start-up whilst production from both opencast and underground operations
ramps up.
Commenting, Stuart Murray, CEO of Aquarius Platinum said "First production at
the Everest Mine is a significant milestone. For Aquarius it provides both new
growth ounces and diversifies risk as our portfolio now grows to five
operations. For South Africa, the Everest Mine is the first platinum mine to be
constructed with funds from a Black Economic Empowerment transaction and
therefore truly is the platinum mine that empowerment built."
For further information please contact:
In Australia:
Willi Boehm
Aquarius Platinum Corporate Services
Pty Ltd
+61 8 9367 5211
In United Kingdom:
Nick Bias Alex Buck
BuckBias Ltd Buck Bias Ltd
+ 44 7887 920 530 +44 7932 740 452
In South Africa:
Stuart Murray Charmane Russell
Aquarius Platinum (South Africa) (Pty) Russell & Associates
Ltd +27 11 880 3924
+27 11 455 2050
or visit: www.aquariusplatinum.com
Date: 30/11/2005 03:41:09 PM Produced by the JSE SENS Department
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