Bauba Resources Limited (JSE:BAU) News - Short-form: Condensed Consolidated Interim Results
for the Six Months ended 31 December 2021

Bauba Resources Limited
Incorporated in the Republic of South Africa
(Registration number: 1986/004649/06)
Share code: BAU    ISIN: ZAE000145686
(“Bauba” or “the company”)


Short-form: condensed consolidated interim results for the six months 
ended 31 December 2021


SALIENT POINTS
- Revenue increased by 83,1% to R202,248 million (2020: R110,459 million).
- Total comprehensive loss for the period of R53,563 million (2020: R32,405 million).
- Investment in property, plant and equipment increased by 63,3% to R179,477 million
  (2020: R109,910 million).
- Decrease in basic and headline loss per share to 5,86 cents (2020: 5,70 cents).
- Chrome concentrate production increased by 37,8% to 107,2K tonnes
  (2020: 77,8K tonnes).
- NUCO Chrome has commenced production.


SHORT-FORM ANNOUNCEMENT
This short-form announcement is the responsibility of the directors and is only
a summary of the information in the full announcement and does not contain the
complete or full details. The full announcement has been released on SENS and is
available at: https://senspdf.jse.co.za/documents/2022/jse/isse/bau/interim22.pdf
and can also be found on the company’s website www.baubaresources.co.za.

Any investment decision should be based on consideration of the full announcement,
copies of which are available for inspection from Monday to Friday, during office hours,
at the registered offices of the company and sponsor. Copies of the full announcement
may also be requested, at no charge, by emailing bauba@acorim.co.za.

The condensed consolidated interim results for the six-month period ended
31 December 2021 have not been reviewed or audited by the company’s auditors.


Johannesburg
14 April 2022


Board of directors
S Edwards* (Chairperson), Dr NM Phosa*, T Baring#, R Shedlock#, J Wessels#, J Le Roux#,
E Nel*, JA Knowlden
#Non-executive    
*Independent non-executive

Sponsor
Merchantec Capital
13th Floor, Illovo Point, 68 Melville Road, Illovo, Sandton, 2196
(PO Box 41480, Craighall, 2024)

Registered office
Cube Workspace, 1 Wedgewood Link, Bryanston, Johannesburg, 2191, South Africa
(PO Box 71036, Bryanston, 2021)

Company secretary
Merchantec Proprietary Limited

Transfer secretaries
Computershare Investor Services Proprietary Limited
Rosebank Towers, 15 Biermann Avenue, Rosebank, 2196
(Private Bag X9000, Saxonwold, 2132)

Auditor
BDO South Africa Incorporated
52 Corlett Drive, Illovo, 2196

Date: 14-04-2022 03:15:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.