Company Information for Ridge Mining Plc

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Company Statement

Developing a focussed platinum and associated metals producer leveraging on the track record and experience of our management team.

Ridge Mining plc is an AIM and PLUS traded company, registered in England, focussing on developing its prospective Platinum Group Metal (PGM) projects on the Bushveld Complex of South Africa.

The Company’s two most advanced PGM projects are the 50% owned Blue Ridge Project on the eastern limb of the Bushveld where development commenced in January 2007 and first production is scheduled for the fourth quarter of 2008 and the nearby Sheba’s Ridge Project, a joint venture with Anglo Platinum and the Industrial Development Corporation of South Africa where a full feasibility study was completed at the end of 2007. The Sheba’s Ridge feasibility study is in the process of an independent technical audit the results of which are scheduled for release in the first quarter of 2008.

Current Operations

BLUE RIDGE SUMMARY

• Development commenced January 2007
• Mineral Resources totaling 9.2 million ounces 4PGE
• Bankable Feasibility Study completed end 2005
• Mine planned to produce 149,000 ounces 6 PGE per annum
• Offtake Agreement signed with Impala Platinum
• Banking finance signed for US$104 million.
• 50% owned by BEE Company, Imbani Platinum
• First production planned fourth quarter 2008

LOCATION AND LICENCE
The Blue Ridge project is situated on the farm Blaauwbank, approximately 30 kilometres Southeast of Groblersdal, on the eastern limb of the Bushveld Complex, South Africa.

EXPLORATION AND RESOURCES
Ridge Mining started work at Blue Ridge in 2001 and has since then carried out extensive exploration of the area including drilling 92 boreholes with 155 deflections therefrom, high resolution aeromagnetic surveys, strike and dip trenching and structural mapping.

This resulted in the identification and delineation of the UG2 chromitite reef along a strike length of 3.6km and extending from surface to a depth of over 1,000 metres.  

PRODUCTION
The forecast annual production is approximately 124,500 ounces 4E (149,000 ozs 6E) per annum over an 18 year period.

SHEBA'S RIDGE SUMMARY
Sulphide Mineral Resource containing:

• 1.4 million tonnes nickel
• 22 million ounces 3PGE
• 0.5 million tonnes copper

Feasibility study completed:

• mine processing 18 million tonnes ore per annum
• production of 23,000 tonnes nickel and 350,000 ounces PGE per annum
• operating cost of US$12.40 /tonne

LOCATION AND LICENCE
The core area of the Sheba’s Ridge project is on the farm Loskop Suid, some 20 kilometres south of the town of Groblersdal and is owned jointly between Ridge and Anglo Platinum, on the basis of a joint venture agreement. Ridge Mining holds a 65% interest in the joint venture and Anglo Platinum the remaining 35%. Ridge has also agreed to sell to the Industrial Development Corporation of South Africa (IDC) a 26% interest in the JV in return for funding the Rand 60 million required to complete a feasibility study on the project.

Following the completion of the bankable feasibility study, Ridge Mining’s interest in the joint venture can acquire a further 22.5% of the project from Anglo Platinum on payment of a further US$12.5 million. On exercise of this option the JV partners interests would be Ridge 61.5%, IDC 26% and Anglo Platinum 12.5%.

EXPLORATION AND RESOURCES
Ridge Mining commenced exploration of the Sheba’s Ridge Project in April 2001. The Phase I programme identified three distinct units of mineralisation: a layer similar to the UG2 termed the "Platchro layer"; an upper mineralised pyroxenite (UMP) layer analogous to the Merensky Reef; and a wide sulphide zone similar to the platreef.

Geographical Spread

Focussed on PGM interests on and around the Bushveld Complex in South Africa

Board of Directors and Key Management

Executive Directors
Terence Wilkinson	Chief Executive
Francis Johnstone	Commercial Director
Donald McAlister	Finance Director
Non-executive Directors
Oliver Baring	Chairman
Gunter Steffens	Deputy Chairman
Peter Ledger
Susan Li

Company Address 7th Floor, Brettenham House 5 Lancaster Place London, United Kingdom WC2E 7EN Telephone: 44 (0) 207 379 1474 Facsimile: 44 (0) 207 379 9443 Email: admin[at]ridgemining.com Website: http://www.ridgemining.com

Capital Shares not in public hands: 19,521,000 Shares in issue: 92.1m US$0.05 Ords

Annual General Meeting 17 - Jul - 2009 (TBC)

Year End December 31

Nominated Brokers RBC Capital Markets Thames Court One Queenhithe London EC4V 4DE

Nominated Advisors RBC Corporate Finance Ltd Thames Court One Queenhithe London EC4V 4DE

Major Shareholders

Major Shareholders	Amount	% Holding
Gold Mountains (HK) International Mining Co Ltd	18,423,000	20.01%
SIS Segaintersettle AG	11,444,305	12.43%
Black Rock Investment Man	10,429,000	11.32%
Skagen Kon-Tiki verdipapirfond	7,350,000	7.98%
Coronation Capital Ltd	3,830,000	4.16%

Related News

23/02/09 - Aquarius Platinum's Offer For Ridge Mining Is Still A Long Way From Being A Done Deal
23/06/08 - Ridge Mining Is Ready To Go At Sheba’s Ridge, So Long As It Can Get Power And A Smelter
28/05/08 - Ridge Mining Will Partially Fill The Platinum Supply Deficit, Providing It Gets Power To Its Projects
29/01/08 - More Power to Ridge Mining! Or Not…

Most Recent Statement

15/05/09 - Aquarius Platinum Further re Offer for Ridge Mining
14/05/09 - Royal Bank of Canada Europe Ltd - EPT Disclosure
14/05/09 - Ridge Mining PLC - New Project Finance
13/05/09 - BlackRock Group - Rule 8.3 - Ridge Mining plc
11/05/09 - Royal Bank of Canada Europe Ltd - EPT Disclosure
26/03/09 - Final Results