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Central Rand Gold Limited (“Central Rand Gold” or “the Company”) is a company engaged in a gold mining and exploration project that aims to bring profitable and sustainable gold mining back to the City of Johannesburg.

“Currently, there are five of the seven New Order Prospecting Rights still remaining active, namely the Western Areas A, B and E, Village Main and Robinson Deep and Simmer and Jack Prospecting Rights. The Western Areas A, B and E and Village Main and Robinson Deep Prospecting Rights are currently under renewal for an additional three year period. All Prospecting Rights except for one have since been transferred from Rand Quest Syndicate Limited (“RQS”) to Central Rand Gold South Africa Proprietary Limited (“CRGSA”) via Section 11 applications lodged with the DMR. A Section 11 application for Simmer and Jack Prospecting Right has been lodged but is still pending DMR approval.

The Company received its first New Order Mining Right from the DMR on 17 September 2008. This Mining Right, which was awarded 14 months after the initial application, enables Central Rand Gold to mine gold at its Consolidated Main Reef, Langlaagte and Crown Mines tenements. The Company’s current mining right comes up for renewal at the end of 2016. A process to extend the term of the mining right has now commenced with the submission of a mining right renewal application in August 2016.

 

 

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