AFARAK GROUP - AFARAK COMPLETES €3 MILLION...

09:00 London, 11:00 Helsinki, 09 May 2016 - Afarak Group Plc ("Afarak" or "the Company") (LSE: AFRK, OMX: AFAGR)

AFARAK GROUP -AFARAK COMPLETES SHAKING TABLE PROJECT

€3 million investment project completed
Project will achieve up to 40% mass yield from tailings

Work on the 24-table project started in June 2015 and after finalizing the commissioning in and testing process in April 2016, the plant is now ready to commence full production. Over 90 people were employed on the project during its construction phase.  20 new jobs have been created as a result of the €3 million investment. 
The shaking table technology is being implemented by Afarak both in Turkey and South Africa. It is an environmental-friendly technology which enables the treatment of tailing dumps for chrome.  Results from the Stellite shaking table Plant show that mass yield from the tailings will be up to 40% and the plant has a monthly capacity of 5,000 tones per month.
Dr Alistair Ruiters, CEO, said that the shaking table project embodies Afarak's vision.  "Afarak is today positioning itself as a technology company.  The shaking table project allows us to increase our yield from tailings thus reducing our cost per ton.  Our propriety technology further confirms our commitment to new investment and to establishing Afarak as a leader in the sector."

Contact:

Media

Jean Paul Fabri
PR & Communications Manager
[e-mail]

About Afarak

Afarak is a vertically-integrated specialist alloys company.  Throughout its various operations in South Africa, Turkey and Germany, Afarak extracts, processes, markets and trades its specialised metals. Trusted by a highly diversified customer base that includes industry leaders from the aviation, nuclear, oil & gas and automotive sectors; the Company is able to produce a unique alloy mix for every customer. As the Company aims to create value across the product-chain, Afarak remains committed to sustainable development, investment and to delivering a healthy financial performance for its shareholders. Afarak is listed on the Helsinki Stock Exchange (AFAGR (OMX)) and the London Stock Exchange (AFRK).

Afarak Group Shaking Table Investment

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Source: Afarak Group via Globenewswire

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