Zaaiplaats Tin Tailings Dump Acquisition Update

RNS Number : 7463H

Bushveld Minerals Limited

22 May 2014

 



22 May 2014

Bushveld Minerals Ltd

("Bushveld" or the "Company")

Update on the Acquisition of the Zaaiplaats Tin Tailings Dump
(the "Zaaiplaats Dump")

Bushveld Minerals Limited (AIM: BMN), a mineral development company with a portfolio of vanadium and titanium bearing iron ore and tin assets in Southern Africa, is pleased to update on its acquisition of the Zaaiplaats Tin Tailings Dump ("Zaaiplaats Dump") as announced by the Company on 25 March 2014.

Bushveld has agreed with the owners of the Zaaiplaats Dump, Brent Trust and Sephaku Tin (Pty) Ltd, to extend the technical due diligence and evaluation period in respect of the potential acquisition by a further six weeks to 30 June 2014.  The extension will allow Bushveld to complete the various tests underway to determine the potential commercial viability of processing the Zaaiplaats Dump. The terms announced on 25 March remain otherwise the same.

The Company will provide an update in due course.

Enquiries: [e-mail]

Bushveld Minerals Fortune Mojapelo	[phone]
Strand Hanson Andrew Emmott	[phone]
Fox Davies Jonathan Evans	[phone]
RFC Ambrian Jonathan Williams	[phone]
Tavistock Communications Jos Simson/ Nuala Gallagher	[phone]
Tielle Communications Stéphanie Leclercq	[phone]

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Notes to the editor

Bushveld Minerals Limited is a mineral development company with a portfolio of vanadium and titanium bearing iron ore and tin assets in Southern Africa. The Company owns the Bushveld Iron Ore Project and Mokopane Tin Project, both located on the northern limb of the Bushveld Complex, South Africa. In addition, Bushveld has a controlling 52.22% interest in Lemur Resources (ASX: LMR) that owns the Imaloto coal project in Madagascar.

Bushveld was admitted to the AIM Market of the London Stock Exchange in March 2012.

 

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