CHROME MINING

THE CHROME-ORE OPERATION

Bauba diversified its business into low-cost, cash-generative, mining operations in 2015 with the Company acquiring 60% of the beneficial rights to the Moeijelijk Chrome Mine.

Moeijelijk is situated on the Eastern Limb of the Bushveld Igneous Complex, with LG6A/6 and LG7 chrome ore-bearing reefs.

The operation is efficient, low-cost and cash-generative and through the exploitation of its near-surface and underground chrome resource, delivers run-of-mine chrome-ore and concentrate chrome from its washing plant to China.

THE CASH GENERATED FROM THIS PROJECT
WILL BE USED TO:

Declare potential dividends to Bauba’s shareholders;

Self-finance the development of our existing low cost mines;

Fund the pursuance of additional mining projects; and

Progress the Bauba Platinum Project.

To date Bauba has:

Engaged and successfully worked

with a reputable chrome-ore open cast mining operator, to mine 20 000 tonnes of LG6 run-of-mine (ROM) chrome-ore per month;

Contracted with a reputable underground mining operator, to mine underground 30 000 tons of LG6 ROM chrome-ore per month once development is complete; and

Put in place a chrome-ore off-take agreement for the supply of chrome-ore to China.

Established a wash plant that produces foundry, chemical and metallurgical grade concentrates for export to china.

INDEPENDENT COMPETENT PERSONS’ REPORT

For more information on the Updated Independent Competent Persons’ Report on the Moeijelik Chromite Mineral Asset, please click on the below button.


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