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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Central Rand | LSE:CRND | London | Ordinary Share | GG00B92NXM24 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.425 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
TIDMCRND
RNS Number : 6002F
Central Rand Gold Limited
29 July 2016
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Central Rand Gold Limited
(Incorporated as a company with limited liability
under the laws of Guernsey, Company Number 45108)
(Incorporated as an external company with limited
liability under the laws of South Africa,
Registration number 2007/019223/10)
ISIN: GG00B92NXM24
LSE share code: CRND JSE share code: CRD
("Central Rand Gold" or the "Company")
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Tolling Agreement Processing Commencement
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Further to the "Tolling Agreement Executed and First Ore Delivery Received" announcement dated 22 July 2016, regarding Toll Treatment and Joint Venture Opportunities, the board of directors of Central Rand Gold is pleased to provide the following update to shareholders.
Joint Venture Tolling Agreement Update
Central Rand Gold is pleased to announce that it has commenced processing the gold bearing ore which has been stockpiled at the Company's metallurgical plant by the third party ore supplier ("Ore Supplier") throughout the month of July. The Company is presently processing the stockpiled gold bearing material through Mill 3 only as Mill 1 is still being installed post refurbishment. The Company expects that material will be processed through both Mill 1 and Mill 2 from early August onward.
The Company is pleased that the Ore Supplier continues to regularly deliver the material for stockpiling at the Company's metallurgical plant. The Company recently completed metallurgical testing of the material and is expecting recovery rates consistent with industry standards.
Additional Joint Venture Opportunities
The Company continues to advance due diligence and negotiations with additional third parties regarding a variety of joint venture alternatives. The Company expects to be in a position to update shareholders regarding the Joint Venture Opportunities in the near future.
For further information, please contact:
Central Rand Gold +27(0) 87 310 4400
Lola Trollip / Nathan Taylor
Panmure Gordon (UK) Limited - Nominated Adviser & Broker +44 (0) 20 7886 2977
Adam James / James Greenwood
Merchantec Capital - JSE Sponsor +27 (0) 11 325 6363
Monique Martinez / Marcel Goncalves
29 July 2016
The information communicated in this announcement is inside information for the purposes of Article 7 of Market Abuse Regulation 596/2014 ("MAR").
This information is provided by RNS
The company news service from the London Stock Exchange
END
AGRUWOARNOABUUR
(END) Dow Jones Newswires
July 29, 2016 03:00 ET (07:00 GMT)
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