APP.L Regulatory News (APP)

29 Sep 2006 13:00

African Platinum Plc29 September 2006 African Platinum plcTicker: APPIndex: AIMSector: Platinum and precious metals AFPLATS 2006 ANNUAL REPORT London, 29 September 2006 - African Platinum plc (Afplats) today published itsannual report for the year to 31 March 2006. In the report, chairman Brian Moritz notes that the company has grown rapidlyfrom an entrepreneurial start-up venture into a business of real substance whichis on the brink of developing its first platinum mine. Highlights of the review period included the completion of a definitivefeasibility study which confirmed that the company's Leeuwkop project is one ofthe most attractive development opportunities on the Western Limb of SouthAfrica's Bushveld Complex. In addition Afplats concluded a 10 year offtakeagreement with Impala Refining Services for the concentrate from Phase 1 of theLeeuwkop project. The greater Leeuwkop project has a resource of some 92million ounces, making it the fourth largest platinum resource base in SouthAfrica. Copies of the annual report are being posted to shareholders shortly. It isalso available online at www.afplats.com. AFRICAN PLATINUM PLC ENQUIRIES:Chief Executive - Roy PitchfordTel +27 (0)82 419 2581 or +44 (0)77 9390 9985 Investor & Media Relations - Kathy du PlessisTel +27 (0)11 728 4701 or +27 (0)83 266 5847, Fax: +27 (0)11 728 2547,E-mail: info@afplats.com Website: www.afplats.com DISCLAIMER: Investing in all equities, including natural resources-relatedequities carries risks which should be taken into consideration when making aninvestment. This announcement contains forward-looking statements regardingAfrican Platinum plc, including the development of its mining developmentprojects. Actual results relating to any and all of these subjects may differmaterially from those presented. This information is provided by RNS The company news service from the London Stock Exchange