AFO
AFO
Aflease Gold Limited - Trading Statement
AFLEASE GOLD LIMITED
(Formerly Sub Nigel Gold Mining Company Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1984/006179/06)
Share Code: AFO ISIN Code: ZAE 000075867
("Aflease Gold" or "the Company")
TRADING STATEMENT
Shareholders are advised that it is expected that the loss and headline loss for
the six months ended 31 December 2005 will be between 380% to 400% and 230% to
250% higher respectively, than those of the previous comparative period. The
major contributors to the increased losses, which were established off a low
activity base, were an increase in mining and development costs, the expensing
of share options in terms of IFRS 2, costs incurred on the acquisition of New
Kleinfontein Mining Company Limited, and the impairment of mineral rights.
Aflease Gold"s interim financial results for the six months ended 31 December
2005, which will contain
details of the impact of adopting IFRS, are expected to be published on or about
22 March 2006.
The information contained in this trading statement has not been reviewed or
reported on by the Company"s auditors.
Johannesburg
16 March 2006
Sponsor
Nedbank Capital
.
Date: 16/03/2006 02:21:05 PM Produced by the JSE SENS Department
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