Aquarius - Company Announcement
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")
15 December 2005
Joint Announcement
Anglo Platinum Limited ("Anglo Platinum") and Aquarius Platinum Limited
("Aquarius") implement pool and share agreement at Marikana ("The Marikana P&SA"
or "P&SA2")
Anglo Platinum and Aquarius announced on 13 July 2005 that they had reached
agreement to mine contiguous properties on their respective Rustenburg and
Marikana properties. The agreement, similar in nature to the Kroondal pool and
share agreement, provides for the parties to pool their assets, while retaining
ownership thereof, and to share the proceeds equally.
Anglo Platinum and Aquarius are pleased to announce that all conditions
precedent including statutory and regulatory consents and approvals have been
fulfilled and the boards of both Anglo Platinum and Aquarius Platinum have
approved the P&SA2.
Economic benefits and liabilities will be shared from the effective commencement
date of the P&SA2 which remains 22 September 2005. Construction work to expand
the existing Marikana concentrator will commence shortly.
The Marikana P&SA offers significant synergies to both Anglo Platinum and
Aquarius, increasing the output of platinum group metals in a capital and cost
efficient manner.
For further information, please contact:
Trevor Raymond Gert Ackerman
Anglo Platinum Aquarius Platinum (South Africa)(Pty) Ltd
+27(0) 11 373-6462 +27 11 202-8629
+27 (0) 82 654 8467 +27 82 498 7749
Nick Bias
Aquarius Platinum Ltd
+ 44 7887 920 530
Date: 15/12/2005 01:04:54 PM Produced by the JSE SENS Department
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