Investor Centre

Investing in Simmers

Investing in Simmer & Jack
Simmers is a dynamic JSE-listed gold and uranium company with a proven track record.

The Assets:

• Wholly-owned gold operations:
  • Buffelsfontein Gold Mine (BGM) in the North West
  • Transvaal Gold Mining Estates (TGME) in Mpumalanga
  • Tau Lekoa Mine acquired in February 2009; effective date of ownership: 01 Jan 2010
• 37.24% stake in TSX-listed First Uranium Limited (FIU)
• Large resource base: 42.6 million ounces of gold; 188 million pounds of uranium (attributable)
• Attractive valuations at current spot prices of uranium and gold
• First pilot heap leach pad successfully commissioned in December 2008
• Uranium plant commissioned in Q1 F2009

The Management:

• A proven track-record
  • The core of the current executive team came on board in November 2004 and early 2005
  • During 2005 the company fulfilled the BEE requirements of the South African Department of Minerals and Energy
  • In late 2005, management acquired:
    • The former Randfontein Estates Number 4 shaft with its substantial gold and uranium resource. It was renamed Ezulwini.
    • Buffelsfontein Mine, boosting the company's gold resources by 14.3 million ounces.
  • December 2006: First Uranium Corporation is listed on the Toronto Stock Exchange, raising gross proceeds of CDN$233-million (Canadian dollars) in the process
  • March 2007, First Uranium is listed on the JSE-Limited, trading under the symbol FUM
  • In February 2009, the Company completed a successful private placement of shares to acquire the Tau Lekoa Mine and integrate it into Buffelsfontein Gold Mine

• The company culture
  • Entrepreneurial approach
  • Commitment to clear, transparent dealings
  • Belief in the importance of being good corporate citizens
  • Focused on maximizing returns to shareholders