IMP - Impala Platinum Holdings Limited - Progress with Conversion Rights
IMPALA PLATINUM HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration No. 1957/001979/06)
JSE Share Code : IMP
LSE Share Code : IPLA
ADR Code : IMPUY
("Implats" or "the company")
Progress with Conversion Rights
Impala Platinum Holdings Limited (Implats) is pleased to announce that a total
of 5 new order prospecting rights have this month been notarially executed by
the Department of Minerals and Energy (DME), North West in respect of properties
adjacent to and associated with the existing Impala Platinum lease area.
The execution of these new order prospecting rights pursuant to the terms of the
Mineral and Petroleum Resources Development Act further enhances the long term
future of the Impala Platinum Lease area.
Prospecting will commence on each of the areas now secured within 6 months.
During October this year a new order prospecting right was executed in respect
of a portion of the farm Hackney, adjacent to the existing Marula Platinum
operations and thereby extending the long term potential of Marula Platinum. A
prospecting right was also executed in respect of an exploration project on the
Eastern Limb, known as Paradys Project.
The DME`s cooperation and approach to these applications has been greatly
A map of the properties involved indicating their relationship to the existing
operations, is being prepared and will be available on the Implats website
www.implats.co.za in due course.
13 December 2006
Deutsche Securities (SA) (Proprietary) Limited
Date: 13/12/2006 15:30:01 Produced by the JSE SENS Department.