MTX
MEMTX
Metorex - Media release
Metorex Limited
(Registration number: 1934/005478/06)
(Incorporated in the Republic of South Africa)
JSE code: MTX
ISIN: ZAE000022745
Media Release - 1 September 2006
METOREX INCREASES ITS GOLD DIVISION INTERESTS
Johannesburg - Metorex Limited ("Metorex") has increased its investment in
Barberton Mines (Pty) Limited ("Barberton") to 74% by acquiring Crew Gold
Corporation Limited"s ("Crew") 20% interest in Barberton for R84 million.
The purchase consideration has been settled by way of an issue of 7 460 036 new
ordinary shares in Metorex at an issue of R11.26. (30 day closing VWAP price).
The increased shareholding in Barberton is both earnings enhancing for Metorex
and forms part of the future growth strategy for the Gold Division.
METOREX PROCESSING ZINC PLANT FEASIBILITY
Metorex is conducting a feasibility study on the erection of a zinc solvent
extraction/electrowinning plant to treat the zinc tailings dump situated on the
Sable Processing Complex site in Zambia.
The details of the project will be released once the feasibility study is
complete.
Johannesburg
Date: 01/09/2006 05:28:03 PM Produced by the JSE SENS Department
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