2016	2015
		R’000	R’000
5	INVESTMENT IN FOREIGN LISTED ASSOCIATE
	70 833 333 (2015: 70 833 333) shares in IronRidge Resources Limited (IronRidge)
	– At cost	121 953	121 953
	– share of net asset value (NAV)	50 306	50 306
	– goodwill	71 647	71 647
	Share of equity losses to date	8 483	(1 197)
	– balance at beginning of year	(1 197)	–
	– share of equity losses for the year	(7 286)	(1 197)
	Foreign currency translation reserve recorded in other comprehensive income	11 378	–
	– carrying value at end of year	124 848	120 756
	The investment represents 29,9% of IronRidge’s ordinary share capital, 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. In accordance with IFRS, IronRidge is accounted for on the equity accounting basis and Assore has disclosed its share of IronRidge’s loss after taxation in its income statement as “Share of loss in foreign listed associate”. At year-end, the fair value of the group’s investment, based on the AIM price, was R58 752 000 (2015: R56 383 000). On 18 October 2016, being the date on which these financial statements were finalised, the market value of the investment amounted to R154 111 000. The financial information set out below has been extracted from the provisional results of IronRidge for the year ended 30 June 2016, converted to the group reporting currency as follows:
	Abridged income statement of IronRidge
	Revenue	61	9
	Total reported comprehensive loss for the year	(24 367)	(4 003)
	Abridged statement of financial position of IronRidge
	Non-current assets	58 515	29 923
	Current assets
	– trade and other receivables	560	277
	– other current assets	600	–
	– cash resources	119 955	140 674
		179 630	170 874
	Total liabilities
	Trade and other payables	4 768	2 563
	Net assets	174 862	168 311
	Portion owned by group (%)	29,90	29,90