Inactive Instrument

Bauba Resources Limited

Equities

BAU

ZAE000145686

Bauba Platinum : SENS: Chrome Project Update

January 11, 2016 at 12:49 pm

Beige Holdings Limited - Change To The Board Of Directors

Bauba Platinum Limited

Incorporated in the Republic of South Africa (Registration number 1986/004649/06) Share code: BAU ISIN: ZAE000145686

("Bauba" or "the Company")

CHROME PROJECT UPDATE

The last quarter of 2015 saw the market price of chrome-ore experience severe pressure with the price dropping from $175 to $120 per tonne. The adverse changes in the chrome-ore market, specifically those pertaining to price, have resulted in the Company's chrome project becoming financially unviable at present. As a result thereof, the board of directors of Bauba has decided to cease current operations and place the Moeijelijk Mine under care-and-maintenance with effect from 11 January 2016. The Moeijelijk Mine shall remain under care-and-maintenance until chrome-ore prices recover and increase to levels sufficient to justify the continuation of mining operations again.

Johannesburg 11 January 2016

Sponsor

Merchantec Capital

Bauba Platinum Ltd. issued this content on 2016-01-11 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-11 12:48:06 UTC

Original Document: http://www.baubaplatinum.co.za/news/f/Bauba-SENS-announcement-chrome-project-update-11Jan2016.pdf

Latest news about Bauba Resources Limited

Raubex Limited completed the acquisition of and additional 13.29% stake in Bauba Resources Limited from its shareholders for ZAR 41.84 million.	18/08/22	CI
Bauba Resources Limited Reports Earnings Results for the Eight Months Ended February 28, 2022	03/07/22	CI
Raubex Limited made a tender offer to acquire all the remaining 35.86% stake in Bauba Resources Limited from eligible Shareholders for approximately ZAR 110 million.	20/06/22	CI
Raubex Limited completed the acquisition of additional 10.62% stake in Bauba Resources Limited.	09/06/22	CI
Bauba Resources Limited Reports Earnings Results for the Half Year Ended December 31, 2021	13/04/22	CI
Raubex Limited made an offer to acquire additional 10.62% stake in Bauba Resources Limited for ZAR 33.4 million.	02/02/22	CI
Raubex Limited completed the acquisition of 24.7% stake in Bauba Resources Limited from The Kumane Trust, Absaloms Limited, The Dunkeld Trust and Tomarnic Limited.	02/02/22	CI
Bauba Resources Limited Appoints Mathews Phosa as Member of the Audit and Risk Committee	14/12/21	CI
Bauba Resources Limited Auditor Raises 'Going Concern' Doubt	15/11/21	CI
Bauba Resources Limited Announces Resignation of Adriaan Martinus Slabber as Non-Executive Director	29/10/21	CI
Bauba Resources Limited Announces Resignation of Director	29/09/21	CI
Bauba Resources Limited Reports Earnings Results for the Full Year Ended June 30, 2021	29/09/21	CI
Bauba Resources Limited Provides Earnings Guidance for the Year Ended June 30, 2021	23/09/21	CI
Bauba Resources Limited Announces Executive Changes	15/09/21	CI
Bauba Resources Limited Announces Appointment of Board Chairperson and Board Committee Members Update	11/08/21	CI
Bauba Resources Limited Announces Appointment of Directors	06/08/21	CI
Bauba Resources Limited Announces Resignations of Directors	30/07/21	CI
Bauba Resources Limited completed the acquisition of 74% stake in Thatswana Co., from D.C. Butler.	04/07/21	CI
Bauba Resources Limited Reports Earnings Results for the Half Year Ended December 31, 2020	30/03/21	CI
Bauba Resources Limited Provides Earnings Guidance for the Six-Month Period Ended 31 December 2020	26/03/21	CI
Bauba Resources Limited announced that it expects to receive ZAR 54.686 million in funding from Raubex Limited	10/03/21	CI
Bauba Resources Limited Announces Executive Changes	03/03/21	CI
Bauba Resources Limited announced that it has received ZAR 35.241834 million in funding from Pelagic Resources Pte Ltd	30/01/21	CI
Bauba Resources Limited Appoints Thomas Edward Baring as an Independent Non-Executive Director	25/01/21	CI
Bauba Resources Limited Announces the Demise of King Victor Thulare III as an Alternate Non-Executive Director	11/01/21	CI

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Company Profile

Bauba Resources Limited specializes in exploring and producing platinum. In addition, the group develops an activity of production of iron, chrome and manganese ores, and coal. Net sales are distributed geographically as follows: South Africa (87.8%) and Europe (12.2%).

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