Miranda - Progress report on exploration programme
MMH
MMH
Miranda - 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 company" or "the group")
Progress report on exploration programme and issue of permits
Further to the announcement dated 17 March 2006, Miranda is pleased to inform
shareholders that the following application for prospecting rights in terms of
Section 16(1) of the Mineral and Petroleum Resources Development Act, 2002 (Act
28 of 2002) was approved and that the said prospecting right was granted:
* Alluvial diamonds on the farms Turffontein 126 IQ and Blaauwbank 125 IQ in
the magisterial district of Ventersdorp.
The area covered by the prospecting right spans 7 168 hectares along the
diamondiferous Mooi Riverloop, a branch of the Mooi River. The farms are
situated in the centre of an alluvial diamond mining area in the Ventersdorp
district where grassroots and semi-advanced exploration have been undertaken
since the mid-1980s. The initial phase of prospecting and exploration was
conducted by De Beers in 1988 on behalf of Gold Fields of SA on the farm
Turffontein, covering 3 738 hectares. The group has finalised joint venture
arrangements and formal diamond exploration activities are expected to commence
before the end of the second quarter of 2006.
Centurion
5 May 2006
Sponsor:
Sasfin Capital
(A division of Sasfin Bank Limited)
Corporate Advisor
Radagast Capital (Pty) Limited
Date: 08/05/2006 10:00:14 AM Produced by the JSE SENS Department
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
