Miranda Mineral Holdings Limited - Progress report
MMH
MMH
Miranda Mineral Holdings Limited - Progress report on exploration programme and
issue of permits
Miranda Mineral Holdings Limited
(previously Proper Group Limited)
(incorporated in the Republic of South Africa)
(Registration Number: 1998/001940/06)
Share code: MMH ISIN: ZAE000074019
("Miranda" or "the group")
Progress report on exploration programme and issue of permits
1. Environmental financial guarantees
Miranda is pleased to inform shareholders that the guarantees for the following
prospecting permits and projects have been lodged with the Department of
Minerals and Energy:
i) Northern Cape silver and base metals project - the guarantee covering the
rehabilitation for the group"s prospecting programme for silver, lead, zinc and
copper on Rozynen Bosch 104 (3 978 hectares) in the Kenhart district of the
Northern Cape; and
ii) Lowveldt gold project - the five guarantees covering the rehabilitation for
the group"s prospecting programme for gold and pegmatite-associated minerals on
five farms covering a total of 16 900 hectares east of Acornhoek in the
Mpumalanga Lowveld.
Management foresees no problems with the approval and issue of the exploration
permits on these properties.
2. SAMREC-compliant report
i) Management is currently awaiting the completion of a SAMREC-compliant report
on the Mooifontein magnesite project, which is in its final stages. The deposit
is located on various farms totalling 1 100 hectares around the Burgersfort area
in Mpumalanga. In excess of R5.6 million (present day value) had previously
been spent on exploration and research by the former Gold Fields of South
Africa.
ii) A SAMREC-compliant report on the Rozynen Bosch silver and base metals
project (referred to above) has also been commissioned.
Shareholders will be advised of the findings of these reports in due course.
Centurion
19 January 2006
Sponsor:
Sasfin Capital
(A division of Sasfin Bank Limited)
Date: 19/01/2006 03:02:11 PM Produced by the JSE SENS Department
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