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RNS Number:4795D Sylvania Resources Ltd 07 September 2007
Sylvania Resources Limited ('Sylvania' or the 'Company')
Admission to S&P/ASX Indices
The Directors of Sylvania Resources Limited ('Sylvania
or the 'Company') are pleased to announce that the
Company has today been admitted to the S&P/ASX All
Ordinaries and S&P/ASX 300 indices.
The S&P/ASX All Ordinaries index is Australia's premier
market indicator. It represents the 500 largest
companies in the Australian equities market. Index
constituents are drawn from eligible companies listed on
the Australian Stock Exchange.
The S&P/ASX 300 index provides additional depth and
coverage in the Australian equities market. Index
constituents are drawn from eligible companies listed on
the Australian Stock Exchange. This index is designed
to address investment managers' needs to benchmark
against a portfolio characterized by sufficient size and
liquidity. S&P/ASX 300 is a component of the Australian
indices that could be used as building blocks for
portfolio construction.
The admission of the Company to these two important
indices reflects the Company's establishment as a
producing entity, as it concentrates on developing its
chromite washing plants ("CWPs") and PGM recovery
plants ("PRPs") in South Africa. Commercial production
from the Company's Millsell CWP and PRP commenced
on 10 June 2007 and the recently-commissioned
integrated CWP and PRP facility at Steelpoort is
currently being ramped-up to design capacity.
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