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1Roodepoort and Bankfontein Acquired

South African government has approved   the acquisition of a 70% interest in each of Roodepoort and Bankfontein thermal coal projects received. Drilling undertaken by Xceed on these projects as part of the Company’s due diligence confirms potential for export grade resources to be developed.

The acquisition of the Roodepoort and Bankfontein projects maintains the Company’s focus on the Witbank/Ermelo coalfields with the intention that a number of mutually supporting coal mining operations can be established in future.

 

 

 

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