Vlakplaats
- Executed Joint Development Agreement with Korea Resources Corporation (KORES) in November 2010
- Exploration and pre-feasibility work underway
- Historical drilling has indicated the opportunity to develop the existing 188Mt resources through conventional open cast and underground mining
- Initial ZAR 32.5m budget to fully fund the project through to completion of a Bankable Feasibility Study
- Agreement entered into with KORES for the off-take and marketing of export thermal coal production from the Vlakplaats Coal Project upon decision to mine
- Acquisition of nearby 37Mt Wolvenfontein Coal Project consolidates position in the Delmas region
