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Gold/Mining/Energy : An obscure ZIM in Africa traded Down Under

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To: TobagoJack who wrote (268)8/22/2002 10:33:21 AM
From: gg cox   of 867
 
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Thursday August 22, 9:41 am Eastern Time
Press Release
SOURCE: SouthernEra Resources Limited

SouthernEra Subsidiary Messina Platinum Receives Prestigious Mineral Reporting Award
Shares Issued and Outstanding: 51,580,800 TSX: SUF AIM: SRE
TORONTO, Aug. 22 /CNW/ - SouthernEra Resources Limited is pleased to announce that the Company's 70.4 percent subsidiary Messina Platinum has been awarded the prestigious SAMREC/IASSA award for the "Best Reporting of Mineral Reserves and Mineral Resources according to the South African Mineral Resource Committee (SAMREC) Code".
Presented by the Investment Analyst Society of Southern Africa (IASSA), this award recognises the outstanding quality of the Messina Platinum's reporting of its mineral reserves and resources in its 2001 Annual Report.

In accepting the award, SouthernEra and Messina CEO Patrick Evans said: "A mining company's mineral reserves and resources are the primary basis of its valuation. The SAMREC Code was established to provide a uniform standard whereby mineral reserves and resources can be measured and presented. It is the responsibility of all mining companies to present their mineral reserve and resource statements in a clear and complete manner to ensure that shareholders and analysts have an accurate foundation upon which to value the assets of mining companies. Messina Platinum is proud to be recognised for the high standard of achievement in the reporting of its mineral reserves and resources."

SouthernEra Resources Limited is an independent producer of platinum group metals and diamonds. The Company also has an extensive PGM and diamond exploration program. The common shares of SouthernEra are traded on the Toronto Stock Exchange (SUF) and the London Stock Exchange's AIM (SRE).

For further information

SouthernEra Resources Limited, Patrick C. Evans, President and CEO, Telephone: (416) 359-9282, Fax: (416) 359-9141, e-mail: inbox@southernera.com

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