Thabex Exploration Limited - Further Cautionary An
TBX
TBX
Thabex Exploration Limited - Further Cautionary Announcement
THABEX EXPLORATION LIMITED
Registration No 1988/000763/06
(Incorporated in the Republic of South Africa)
JSE share code: TBX
ISIN Code: ZAE000013686
Young Lions Exploring Africa
("Thabex")
FURTHER CAUTIONARY ANNOUNCEMENT
Shareholders are referred to the cautionary announcement published on SENS on 10
January 2006 dealing with the application for a prospecting lease relating to
the Kolo Kimberlite project in Lesotho and the Kimberlite exploration project in
northeastern Namibia over the Exclusive Prospecting Licenses ("EPL"s") numbers
3082 and 3083.
The decision relating to the application for the Kolo Kimberlite project is
expected within the next few weeks.
Minnex Exploration Ltd, in which a subsidiary of Thabex has acquired a 50%
interest, has signed an agreement with De Beers Consolidated Mines Ltd in South
Africa during December 2005 relating to the exploration to be conducted by
Namdeb Ltd on the above EPL"s on certain terms and conditions. However, Namdeb
Ltd has to date not ratified the agreement.
A favourable decision by the Lesotho Government and the ratification of the
agreement by Namdeb Ltd could result in material benefits to Thabex. As a
result, shareholders are herewith advised that they should continue to exercise
caution when dealing in the Thabex"s securities until a further announcement
relating to the above projects is published.
Johannesburg
21 February 2006
Sponsor
PSG Capital Limited
Date: 21/02/2006 09:58:09 AM Produced by the JSE SENS Department
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