AFARAK GROUP PLC'S - INVESTMENT IN SHAKING TABL...

11 February 2016 - Afarak Group Plc, Stock
Exchange Release

AFARAK GROUP PLC'S - INVESTMENT IN SHAKING TABLE TECHNOLOGY COMPLETED

Afarak Group Plc ("Afarak" or the "Company") (LSE: AFRK, NASDAQ: AFAGR) announces that its South African subsidiary Ilitha Mine has completed a "Shaking Table" plant. Ilitha Mine is part of the Synergy Africa joint venture between Afarak and Kermas Limited.

The "Shaking Table" technology, already used in the mines of Afarak's Turkish subsidiary TMS, will allow the company to treat the Tailing Dump for chrome and increase Ilitha Mine's total plant mass yield from currently 49% to 65%.This in turn will drastically reduce the operating cost per ton. Full production is expected to be reached by Mid-March 2016.

AFARAK GROUP PLC
Dr Alistair Ruiters
CEO

For additional information, please contact:

Afarak Group Plc
Dr Alistair Ruiters, CEO, [phone], [e-mail]

Afarak Group is a chrome mining and minerals producer focused on delivering
sustainable growth with a speciality alloys business in southern Europe and a
ferro alloys business in southern Africa. The Company is listed on NASDAQ
Helsinki (AFAGR) and the Main Market of the London Stock Exchange (AFRK).
www.afarakgroup.com

Distribution:
NASDAQ Helsinki
London Stock Exchange
main media
www.afarak.com

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Afarak Group via Globenewswire

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