Consolidated Murchison Mine, South Africa - Gold and Antimony

• Consolidated Murchison Mine, South Africa - Gold and Antimony

• Plant upgrade – recovery improvements.

• Increased underground development rate (grade control)

• Access deeper orebodies – increase life of mine and grades

• Vergenoeg Mine, South Africa - Fluorspar

• Expanding markets.

• Increase in production by further 20-25%.

• Aluminium fluoride project.

• Pan African Resources – Gold

• Bogoin/Dekoa – Central African Republic exploration projects.

• Manica pre-feasibility project in Moçambique Bankable feasibility study due by Q3 2008.

• Ghana exploration licence secured, exploration due to commence by Q2 2008.

• Phoenix Platinum

• Producer of platinum-group metals.

• Building of concentrator.