/NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER UNITED STATES NEWSWIRE SERVICES/
TORONTO, Dec. 2 /CNW/ - Platmin Limited ("Platmin" or "the Company"; TSX/AIM: PPN; JSE: PLN) advises that it is changing its financial year-end to December 31 in each calendar year. Currently, Platmin's financial year-end is the last day in February in each calendar year. Platmin's current financial year will now end on 31 December 2009, and its next financial year will commence on 1 January 2010. Platmin will also file interim unaudited financial statements for the three and nine month periods ended 30 November 2009.
As required under applicable Canadian securities laws Platmin has made a notification filing regarding the change of year-end, which is available on SEDAR at www.sedar.com.
Platmin Chief Financial Officer, Mr Wayne Koonin, said, "The change will help us streamline our quarterly financial reporting to be calendar based in line with the majority of mining companies and aligns us with the financial year end of our major shareholder Pallinghurst Resources."
Platmin is an explorer and emerging PGM producer whose four key projects host mineral resources and reserves: Pilanesberg, M'phahlele, Grootboom and Loskop. The Pilanesberg Project is presently in the 'ramp up' phase and is expected to meet the design production rates during 2009. The despatch of PGM concentrates to the custom smelter commenced in April 2009. All of Platmin's projects are located in the Bushveld Complex of South Africa, which is estimated to contain approximately 90% of global platinum mineral resources.
SOURCE PLATMIN LIMITED
For further information: For further information: Keith Liddell, Non-executive Deputy Chairman, +27 12 661 4280; Wayne Koonin, Chief Financial Officer, +27 12 661 4280; Investec Bank plc (Nominated Adviser), Stephen Cooper, +44 207 597 5104; Russell & Associates, Nicola Taylor, +27 11 880 3924