Western Areas Limited - Prospecting Rights granted
WAR
WARA
Western Areas Limited - Prospecting Rights granted by the DME
WESTERN AREAS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number: 1959/003209/06)
Share code: WAR & ISIN No: ZAE000016549
ADR Ticker symbol: WARUY
CUSIP No: 957654304
("Western Areas" or "the Company")
PROSPECTING RIGHTS GRANTED BY THE DME
Western Areas announced today that, as of close of business on 9th May 2006, it
has been granted three Prospecting Rights by the Department of Minerals and
Energy adjacent, or in close proximity to, South Deep Gold Mine.
Each of the areas covered by the Prospecting Rights have potential by way of the
Ventersdorp Contact Reef and the Upper Elsburgs as strike and/or down-dip
extensions to South Deep Gold Mine and Kloof Gold Mine, this having been
confirmed by historical exploration in the form of drilling and seismic surveys.
Gill Marcus stated that "The Prospecting Right that forms part of the
Kalbasfontein Project to the immediate east and south of South Deep is
particularly exciting, in that a recent assessment of the associated mineral
resources has indicated that the area represents a natural extension to the
existing infrastructure at South Deep, and has the potential to increase the
mine"s mineral reserves substantially".
Johannesburg
10 May 2006
Sponsor
Sasfin Capital
A division of Sasfin Bank Limited
Date: 10/05/2006 12:59:04 PM 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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
