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Northam Platinum revealed that the termination date for the fulfillment of certain conditions precedent to the implementation of the sale of its Booysendal South platinum mine to Aquarius Platinum expired on 30 April 2013.

The company said that these conditions included the amendments of the relevant mining rights to effect the transfer of Booysendal South to Aquarius Platinum in terms of Section 102 of the Mineral and Petroleum Resources Development Act.

The agreement for the sale of Northam Platinum‘s Booysendal South mine was announced almost two years ago, with Aquarius Platinum noting then, that the Booysendal South mine is important to the development of its Everest mine.

Northam Platinum has been advised by Aquarius Platinum that it will remain in contact with the Department of Mineral Resources and Northam Platinum in connection with the proposed transaction.

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