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 is a dedicated London-based chrome mining company which listed on AIM (Alternative Investment Market) on 7 September 2006.

Chromex Mining PLC has acquired 74% of Chromex Mining (Pty) Ltd in South Africa and the Company is in the process of developing the Mecklenburg mine on the Eastern limb of the Bushveld complex.

Chromex Mining PLC aims to acquire and develop other chrome projects, initially focusing on Southern Africa, and in August 2007 entered into a binding Heads of Agreement with Mkhombi Stellite (Pty) Ltd (“Mkhombi’) in terms of which the Group will acquire a 15 million tonne resource on the Western Limb of the Bushveld complex with mining rights in place.

Current Operations

Chromex Mining plc, a dedicated chrome company established to acquire, control and expand chromite mining and processing facilities with the intention of building a resource base in excess of 100 million tonnes.

Chromex's primary focus is the Mecklenburg Project, situated on the Eastern limb of the Bushveld Complex in the Limpopo Province of South Africa, an area with a long history of chromite mining. Chromex SA, the Group's 74% owned subsidiary, holds a "New Order Rights" Prospecting Right over Mecklenburg with the remaining 26% owned by Umnotho weSizwe, approved under South African legislation as a Black Empowerment Partner.

The 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 chromitite reefs, which outcrop at surface at Mecklenburg, comprise approximately 9Mt and 5.7Mt of chrome resources and reserves respectively. 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.

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 chromitite 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.~

Stellite Project
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 an estimated 15Mt* 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. ROM sales will be a combination of the higher grade LG6 and MG1 seams and the lower grade MG2-4 seams. The anticipated production of chrome products per month is 30Kt per month.

Geographical Spread

Rights over Farm Mecklenburg on the eastern limb of the Bushveld complex, Limpops Province, South Africa.

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

56,350,000 ordinary shares (current)

Annual General Meeting

TBA

Year End

30 June

Nominated Brokers

Blue Oar Securities PLC
30 Old Broad Street
London EC2N 1HT

Nominated Advisors