Keaton Energy would like to inform shareholders of the following: Keaton Energy has withdrawn the Sterkfontein Coal Reserve estimate for 2013 and 2014 as this estimate was originally based on the results of an independent Concept Study conducted for the project. In accordance with the SAMREC Code, an appropriate assessment to a minimum of a Pre-Feasibility Study for a project must have been carried out. The Sterkfontein Coal Reserve estimate has therefore been withdrawn until such time as the Concept Study is upgraded to a minimum of Pre-Feasibility study.
The Sterkfontein Coal Resource estimate remains unaffected as published in the Competent Person's Report ('CPR') compiled for the two transactions announced on SENS on 17 July and 4 September 2015 and which has been approved by the JSE Reader's Panel.
This CPR is available on the Company's website http://www.keatonenergy.co.za/ Johannesburg
8 October 2015Sponsor
Investec Bank Limited
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