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
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