CMO - CHROMETCO LIMITED - Section 102 Consent

CHROMETCO LIMITED 

(Incorporated in the Republic of South Africa) 

(Registration number: 2002/026265/06) 

Share code: CMO 

ISIN Code: ZAE000070249 

(“Chrometco” or “the Company”) 

 

SECTION 102 CONSENT 

 

Shareholders are referred to the circular dated 2 October 2012 regarding the acquisition by Chrometco of drill data, drill core and abandonment of prospecting right in favour of Chrometco by NKWE Platinum (South Africa) Proprietary Limited (“NKWE”) and Realm Resources Limited (“Realm”) (“the Transaction”). 

 

Chrometco is pleased to announce that it has received a letter from the Department of Mineral Resources granting consent in terms of section 102 of the Mineral and Petroleum Resources Development Act No 28 of 2002 to include PGMs, base and other metals to the existing mining right for Chrome over the remainder portion of Rooderand.

 

This is a major milestone towards the completion of the Transaction. The amendment to the mining right can proceed, which will conclude the Transaction and result in the issue of 70 million Chrometco shares to Nkwe and Realm jointly. 

 

Shareholders will be kept informed of progress in this regard.

 

14 September 2015