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From: Nigel
ArtDate: 9th January 2007
Section: (FILLYABOOTS NEWS RELEASES)
Remote Name: 87.74.114.115
Date: 27/01/07
Time: 10:20
9th January 2007
Sylvania Sign Supplement to Contract with Samancor Ltd
News Item - Conduit PR
SYLVANIA CONCLUDES ADDENDUM TO THE SERVICES AND SUPPLY CONTRACT WITH SAMANCOR
The Directors of Sylvania Resources Limited ("Sylvania") are pleased to announce that they have signed an Addendum to the Services and Supply Agreement with Samancor Limited ("Samancor"). The Addendum refines the Services and Supply Agreement with Samancor, the terms of which were previously outlined in an announcement dated 1 May 2006 and the AIM Admission Document dated 20 July 2006.
The amendments contained in the Addendum are considered to be significant to Sylvania as they streamline a number of operational issues.
The key aspects of the Addendum include: The duration of the agreement has been extended to incorporate current arisings for the duration of the Samancor rights in respect of the specified mining areas;
Sylvania may now construct its PGM Recovery Plants ("PRP") within the Samancor Mining Area;
Sylvania is no longer obliged to remove tailings created after the PGM recovery process from the Samancor Mining Area and can now utilize the existing Samancor tailings facilities as directed by Samancor. The final rehabilitation responsibility rests with Sylvania;
A number of amendments to and clarification of, clauses that will address operational and functional issues that have been identified between the parties since the original Agreement was signed. Edward Portman Conduit PR Ltd 76 Cannon St London EC4N 6AE Office: +44 (0) 20 7429 6666 Direct: +44 (0) 20 7429 6607 Fax: +44 (0) 20 7429 6699 Mob: +44 (0) 773 3363 501
www.conduitpr.com
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