Aim-listed Tharisa has extended the option to acquire a 90% shareholding in Salene Chrome Zimbabwe to March 31.
Tharisa in May 2018 advised that it had acquired an option to acquire a 90% shareholding in Salene from Leto Settlement.
"Despite the turbulent political landscape in Zimbabwe currently . . . Tharisa remains fully committed to its investment project framework agreement with the Zimbabwe government," the company notes.
The agreement involves the establishment of a vertically integrated platinum group metals mining complex and a call option to acquire a 90% shareholding in illuvial chrome mining company Salene Chrome Zimbabwe on the condition of completion of the exploration programme.