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SABLE EXPLORATION AND MINING LIMITED - Trading statement

Release Date: 27/09/2023 14:31
Code(s): SXM     PDF:  
Wrap Text
Trading statement

Sable Exploration and Mining Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2001/006539/06)
(Share Code: SXM ISIN Code: ZAE000303319)
(“SEAM” or “the company”)

TRADING STATEMENT

In terms of paragraph 3.4 (b) of the JSE Limited (“JSE”) Listings Requirements, companies are
required to publish a trading statement as soon as a reasonable degree of certainty exists that
the financial results for the period to be reported on will differ by at least 20% from the previous
corresponding period.

A review by management of the interim financial results for the six months ended 31 August 2023
has indicated, with a reasonable degree of certainty, that loss per share (“LPS”) and headline loss
per share (“HLPS”) of SEAM is expected to be between 65 cents and 75 cents compared to that
of the previous corresponding period which reported LPS and HLPS of 55.58 cents per share for
the period ended 31 August 2022. This equates to a decrease in LPS and HLPS of between 17%
and 35% when compared to the previous reporting period.

The financial information on which this trading statement is based has not been reviewed or
reported on by SEAM’s auditors. The Company’s interim financial results for the six months
ended 31 August 2023 are expected to be released this week.



27 September 2023
Sandton

Sponsor
Exchange Sponsors

Date: 27-09-2023 02:31:00
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