Company Information for Chromex Mining Plc

AIM-CHX

www.chromexmining.co.uk

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AIM; CHX

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Company Statement

Chromex Mining plc (AIM: CHX) is an AIM quoted dedicated chrome company established to acquire, control and develop chromite mining and processing facilities.

It currently has two key mining assets located on the Bushveld Complex in South Africa, which between them have total resources of approximately 41 million tonnes of chromite.

Mecklenburg – Eastern Limb

9.6Mt underground resource with a bankable feasibility study completed in March 2007, New Order Mining Right

Stellite Project – Western Limb

31.9Mt opencast and underground resource with a New Order Mining Right Commenced production July 2008

Chromex is focused on growing its current resource base with near production projects to supply beneficiated chrome products into the ferrochrome and stainless steel markets. In addition the Company continues to review additional prospects.

Current Operations

Stellite
The 271 hectare Stellite chrome project, located on the Western Limb of the Bushveld complex in South Africa, has a New Order Mining Right and 31.9Mt of chrome resources comprising four seams, namely the LG6, MG1, MG2 and MG4. All four seams outcrop on the property and it’s anticipated that circa three million tonnes will be open cast. The project has been extensively drilled and has had approximately 170,000 tonnes of chromite mined and sold both to the domestic and international chrome markets.

Chromex commenced producing run-of-mine (‘ROM’) chrome ore in July 2008. Chromex is constructing a 40,000 tonne per month beneficiation plant which will produce metallurgical, chemical and foundry grade sands. The plant is expected to be completed and commissioned during the second quarter of 2009. Output at the mine has been significantly reduced due to market conditions and is expected for the short term to be producing approximately 10,000 tonnes per month of beneficiated chrome sands once commissioned.

STELLITE MINERAL RESOURCES*
Chromite Seam	Opencast				Underground
Chromite Seam	Tonnes (mt)	Cr2O3 (%)	Cr:Fe		Tonnes (mt)	Cr2O3 (%)	Cr:Fe
LG6 & LG6a	0.83	40.1	1.47	Inferred	11.79	40.1	1.5	Inferred
MG1	1.09	39.8	1.38		3.63	39.8	1.38
MG2-MG4	4.78	36.3	1.31		9.80	36.3	1.31
Total	6.70	37.3	1.34		25.23	38.6	1.4

*Total resources controlled by Chromex

Mecklenburg Project
Chromex has a New Order Mining Right over the Mecklenburg farm in the Limpopo Province, South Africa, where it intends to mine chromite. Mecklenburg is located on the Eastern Limb of the Bushveld Complex, well known for hosting much of the world’s known resources of platinum, but also a major source of chromite. The LG-6 and LG-6A chromite reefs, which outcrop at surface at Mecklenburg, comprise approximately 9Mt and 5.7Mt of chrome resources and reserves respectively. Once regulatory issues have been resolved and market conditions improve Chromex intends to mine this resource over a 10 year period with a target production rate of 60,000 tonnes per month of underground run of mine ore.

MECKLENBURG MINERAL RESERVES & RESOURCES*
U/G RESOURCES				U/G RESERVES
Tonnes (mt)	Cr2O3 (%)	Cr:Fe		Tonnes (mt)	Cr2O3 (%)	Cr:Fe
3.24	43.8	1.7	Measured	3.15	27.0	1.7	Proven
2.62	43.7	1.7	Indicated	2.53	27.0	1.7	Probable
3.19	41.7	1.7	Inferred
9.05	43.0	1.70		5.68	27.0	1.7

* Total resources controlled by Chromex

The LG-6 Units are the most important chromite targets in the Bushveld Complex as they combine both the the highest grades and uniform thickness. Analytical results from the LG-6 and LG-6A chromite layers substantiate the geochemical continuity known throughout the explored area and indicate that the chromium grade is similar to that being mined elsewhere in the Bushveld Complex.

It is anticipated that a moderate percentage of the ore will remain as coherent blocks or fragments producing a product called lumpy ore, the preferred product for supply to smelters. Other mines close to Mecklenburg have produced up to 40% lumpy ore. Given the physical test-work from the trial mining exercise it is anticipated that lumpy production from a mining operation could be at a similar level.

Importantly, the project’s location allows the mine to tap into the current water, electricity and tailings infrastructure from Anglo Platinum’s Twickenham mine.

Geographical Spread

Chromex’s projects are located on the western and eastern limbs of the Bushveld Complex in South Africa where in excess of 70% of the worlds chrome resources are located and 40% of chrome production is sourced.

Board of Directors and Key Management

Brian Moritz	Executive Chairman
Russell Lamming	Chief Executive
Nigel Wyatt	Executive Director
Vusimuzi Nkosi	Non-executive Director
James Burgess	Non-executive Director
Robert Sinclair	Non-executive Director
Phoevos Pouroulis	Executive Director

Company Address

36 Dover Street
London, United Kingdom W1S 4NH


Telephone:	+44 20 7318 0450
Facsimile:	+44 20 7409 2169
Email:	nwyatt[at]chromexmining.co.uk
Website:	http://www.chromexmining.co.uk

Additional Address/Key Contact

South Africa
Eland House
The Braes
3 Eaton Road
Bryanston

Tel: +27 11 317 1701
Fax: +27 11 463 4759

Capital

Securities in Issue

Issued Shares 85,002,650
Warrants 6,868,523
Options 2,300,000
Total 94,171,173

Year End

30 June

Nominated Brokers

Astaire Securities Plc
30 Old Broad Street
London EC2N 1HT

Ocean Equities Ltd
3 Copthall Avenue
London EC2R 7BH

Nominated Advisors

Astaire Securities Plc
30 Old Broad Street
London EC2N 1HT

Major Shareholders

FOREST NOMINEES LTD	38.8%
HSBC GLOBAL CUSTODY NOMINEE (UK) LTD	8.5%
REDMAYNE (NOMINEES) LTD	5.9%
MORITZ	5.9%
LYNCHWOOD NOMINEES LTD	5.0%
VIDACOS NOMINEES LTD	3.9%

Most Recent Statement

03/06/09 - Interim Results
24/03/09 - Final Results
16/03/09 - PGM and Gold Mining Rights awarded on Stellite Mine
29/01/09 - Off-take MOU Signed for Sales of Chrome Ore at its Satellite Project
06/01/09 - Market Update and Loan Facility
01/12/08 - Result of EGM

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