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Ruighoek Chrome Project – Mining Rights Application
The Directors are pleased to announce that on the 23rd November 2006, Chrome Corporation Limited’s 74% owned subsidiary, Batlhako Mining Ltd, lodged an Application for Mining Rights for open cut chrome mining operations on farm Ruighoek 169 JP with the South African Department of Minerals and Energy North West Province regional office at Klerksdorp.
The Company also wishes to advise that it is in advanced negotiations with Blackthorn Mining plc to reimburse Chrome Corporation Ltd for all costs incurred to date plus fund all future work in progressing the permitting of the chrome operations at Ruighoek prior to the AIM listing of Blackthorn Mining plc and the subsequent completion of the purchase of Batlhako Mining Ltd by Blackthorn Mining plc.