Bauba Platinum Limited reported consolidated earnings results for the six months ended December 31, 2012. For the period, the company reported loss before taxation of ZAR 5,557,000 compared to ZAR 3,957,000 a year ago. Loss for the period from continuing operations was ZAR 5,557,000 compared to ZAR 3,957,000 a year ago. Loss for the period attributable to equity holders of the company was ZAR 5,145,000 or 4.2 cents basic and diluted per share compared to ZAR 4,075,000 or 3.4 cents basic and diluted per share a year ago. Headline loss per share continued operations was 4.2 cents per share compared to 3.2 cents per share a year ago. Net cash outflow from operating activities was ZAR 6,366,000 compared to ZAR 14,144,000 a year ago.

Bauba Platinum Limited provided earnings guidance for the six month ended December 31, 2012. The company announced that for the six month period ended six month ended December 31, 2012 the loss per share and the headline loss per share is expected to be between 3.8 cents and 4.5 cents, compared to the loss per share of 3.4 cents and the headline loss per share of 3.8 cents for the six month ended December 31, 2011.

The board of directors of Bauba Platinum Limited announced that Mr. Sydney John Maurice Caddy has been appointed as the Chief Executive Officer of the company with effect from February 13, 2013. Sydney has more than 40 years’ of South African gold, uranium and base metal experience in both shallow and ultra deep level mining environments.