RNS

Condensed Consolidated Reviewed Financial Statements for the year ended 30 June 2007

Capital spent to expand operations increased by 140% from R47 million to R113 million
Somkhele project successfully commissioned in June 2007
New order mining right boosts production potential at Somkhele
Somkhele project NPV up 310% from R358 million to R1.47 billion
Revenue increased by 116% from R177 million to R382 million
Profit after tax increased by 53% from R49 million to R74 million
55% increase in the weighted average number of shares in issue to fund the development of Somkhele
Fully diluted headline earnings per share increased by 14% from 4.52 cents to 5.16 cents
Fully diluted earnings per share increased by 6% from 14.85 cents to 15.77 cents
Baobab investment sold for a net profit after tax of R25 million
Successful secondary listing on AIM raised R49 million gross proceeds

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