Bauba Platinum Limited announced unaudited consolidated earnings results for the six months ended December 31, 2017. For the six months, the company reported revenue of ZAR 115,241,000, profit before taxation of ZAR 46,742,000, profit attributable to owners of the parent of ZAR 15,887,000 or 4.16 cents per diluted share, net cash used in operating activities of ZAR 27,513,000, compared to revenue of ZAR 14,486,000, loss before taxation of ZAR 6,870,000, loss attributable to owners of the parent of ZAR 5,674,000 or 1.50 cents per diluted share, net cash used in operating activities of ZAR 1,157,000. Diluted headline profit per share was 4.16 cents compared loss per share of 1.50 cents a year ago. Headline profit was ZAR 15,887,000 compared to loss of ZAR 5,674,000 a year ago. Investments in intangible asset were ZAR 1,813,000 against ZAR 598,000 a year ago. Investments in property, plant and equipment were ZAR 27,424,000 compared to ZAR 306,000 a year ago.

For the first of the 2019, the company expects planned stable monthly underground LG6 chrome ore production of 30,000 t is still expected to be achieved by the first half of the 2019 financial year.

For the full year 2018, the company expected underground production of 25,000 t is now forecast for the 2018 financial year. This is down from previously guided production due to additional safety measures implemented when installing the underground declines, which are now established. A contract to build a spiral wash plant and crushing circuit (plant) to upgrade Moeijelijk's current ROM saleable product to foundry, chemical and metallurgical grade concentrates has been concluded and work has commenced. This plant will be commissioned by July 2018 and will enhance Bauba's profit margins and diversify its revenue stream into less volatile, premium speciality grade products.