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. |