31 March 2021 Tharisa, the leading integrated platinum and chrome producer with operations in South Africa, is pleased to announce the acquisition of Salene Chrome Zimbabwe (Pvt) Limited ('Salene Chrome') for USD3.0 million. Salene Chrome is a development stage, low cost, open pit asset, located in the Great Dyke in Zimbabwe. The acquisition provides geographic diversification with access to a premium chrome product, a short development timeline and a low capital requirement.
Shareholders are referred to the announcements wherein Tharisa advised that it had acquired an option to acquire a 90% shareholding in Salene Chrome at the par value thereof from Leto Settlement ('Leto'), a related party being an indirect material shareholder in Tharisa, published on