2016  2015 
    R’000  R’000 

3

INVESTMENT IN FOREIGN LISTED ASSOCIATE

   
  70 833 333 (2015: 70 833 333) shares in IronRidge Resources Limited (IronRidge) – at cost 121 953  121 953 
       
  The investment represents a 29,9% interest in the ordinary share capital of IronRidge, which is listed on the Alternative Investment Market (AIM) of the London Stock Exchange.

IronRidge is registered in Australia and is an emerging exploration company, with exploration projects for iron ore in Gabon, lithium in Ghana, gold in Chad and bauxite in Australia.