Ghost Mountain Prospect

The Kliprivier, Ghost Mountain and Tinderbox assets are currently in the process of being disposed to ASX Listed Company, Morning Star Holdings Ltd (ASX: MSH), in return for 30m ordinary fully paid shares in MSH. It is anticipated that this transaction will be concluded 3Q 2010.

The prospect is located on the eastern limb of the Bushveld Complex, with past exploration having identified two mineralised targets.

10-12-09 MSH Extension of Share Purchase Agreement

The prospect is subject to sale under an agreement entered into by Nkwe refered to in Kliprivier.