2015  2014 
    R’000  R’000 

3

INVESTMENT IN ASSOCIATE

   
  At cost 121 953  – 
 
On 2 December 2014,the company subscribed for a stake of 30,3% in IronRidge Resources Limited (IronRidge), against which it was awarded a stake of 29,9% upon its admission to the Alternative Investment Market (AIM) on the London Stock Exchange on 12 February 2015.

IronRidge is registered in Australia and is an emerging regional iron ore explorer with two exploration projects in the Nyanga and Ogooue-Ivindo provinces of Gabon and a titanium and bauxite project in the state of Queensland, Australia.