Aflease Gold Uranium Resources - 500 Beiträge pro Seite

[Boersentrottel]

Hab mir gedacht ich mache zur Feier des Tages endlich mal auch zu dieser Aktie einen Thread auf....




Das Warten hat ein Ende – Aflease nimmt die Goldproduktion wieder auf
30.06.2005 (08:26)

Nach einer Pause von 18 Monaten, in der Aflease Gold and Uranium keine Mine in Betrieb hatte, wurde heute in der Bonanza Mine das erste Mal wieder ein Goldbarren gegossen. Aflease hatte die Goldproduktion Ende 2003 eingestellt, da sie aufgrund des starken Rand permanent Verluste einfuhren. Seitdem unterzog sich Aflease einer harten und grundlegenden Restrukturierung.

Neal Froneman, Vorstandsvorsitzender von Aflease, erklärte, „dass man in nächster Zeit Akquisitionen von qualitativ hochwertigen Liegenschaften mit oberflächennahe vorkommenden Goldressourcen durchführen wolle“.

Zu den Gründen, warum Aflease die Bonanza Goldmine wieder in Betrieb genommen hat, meinte Froneman: Im letzten Monat sahen wir einen bedeutenden Anstieg des Goldpreises, in Rand gerechnet – das ist das optimale Umfeld um wieder „zurück zu kommen“.

Aflease verfügt augenblicklich über zwei weitere Projekte, das Modder East Goldprojekt und das Dominion Uranprojekt.

[Wendelsteini]

Ja die Aktie macht einfach Spaß! Heute in Südafrika wieder über 10% Plus !!! Neben Gold besitzen die auch 6% des Welturanvorkommens !!

[Boersentrottel]

Value Investor Strategie 06.07.2005 (24-05)
Updates
Aflease Fusion mit Southern Cross Resources angekündigt Am gestrigen Dienstag (5.7.) kündigte Aflease die Fusion mit der kanadischen Southern Cross Resources an. Die neue Unternehmensbezeichnung wird dann SXR Uranium One lauten. Die Aktionäre sollen diesem Plan im September zustimmen. Anschließend soll die Fusion im Oktober vorgenommen werden. Aflease-Aktionäre erhalten dann für jede Aflease-Aktie 0,9 Aktien der neuen SXR Uranium One. Noch bis vor wenigen Wochen hatte Aflease eine Trennung der Gold- und Uran-Interessen in zwei eigenständige Gesellschaften mit einer Auslandsnotierung in Erwägung gezogen (81% der Aktionäre residieren außerhalb Südafrikas). Die neue Strategie ist jedoch wesentlich geschickter und auch effizienter. Southern Cross hat umfangreiche Uran-Explorationsgebiete in Süd-Australien, sodass mit der Fusion der Grundstein für einen neuen international ausgerichteten Urankonzern gelegt wird, der prompt unter den Top 10 der weltweiten Uran-Produzenten aufsteigen würde.
Value Investor-Strategie 24-05 - 6 - Die Auswirkungen des Rand und der weiteren politischen Entwicklung in Südafrika würde entsprechend abgeschwächt. Die Forcierung auf die Uranproduktion wird vom Aflease-Management zudem deutlich unterstrichen. Die Goldförderung wird mit einer anvisierten Jahresproduktion von 70.000 Unzen zur Nebensache. Das Aflease-Management behält sich aber eine Auslagerung der Goldinteressen vor. Mit der Uranproduktion soll ab dem ersten Quartal 2007 begonnen werden. Sollte sich das Umfeld für Uran weiterhin günstig entwickeln (die Nachfrage ist aktuell unverändert höher als das Angebot), wird auch die neue Aktie überdurchschnittlich profitieren. Bereits im Vorfeld der Bekanntgabe reagierte Aflease mit einem deutlichen Kurssprung in Richtung 0,63 €. Die Aktie bleibt auf jeden Fall eine klare Halteposition. Nach bereits mehreren erfolgreichen Nachkäufen, die aktuell bis zu 200% im Gewinn liegen, nehme ich auf diesem Kursniveau jedoch keine Käufe mehr vor. Grundsätzlich wird die angestrebte Fusion von mir begrüßt, da die neue Notierung nach der Fusion an der Börse Toronto erfolgen wird und so die Uran- als auch Goldreserven von Aflease eine höhere Bewertung erfahren würden.

[Boersentrottel]

Release Date: 16/08/2005 11:03:01 Code(s): AFL

Aflease Gold and Uranium Resources Limited
(Formerly The Afrikander Lease Limited)
(Incorporated in the Republic of South Africa)
AFL (JSE)
AFLUY (NASDAQ)
(Registration number 1921/006955/06)
ISIN: ZAE000061461 & JSE Share Code: AFL

Aflease Gold and Uranium Resources Limited Mid-Year Review

As we enter the second half of 2005, Aflease is pleased to provide its shareholders and stakeholders with an update on current corporate initiatives and developments.

Uranium
Market Conditions
Global uranium market fundamentals remain robust. Electrical utilities around the world are turning increasingly to nuclear power, as fossil fuel costs continue to skyrocket and environmental pressures to reduce greenhouse gas emissions intensify. New sources of uranium supply are constrained, however, given the regulatory and environmental hurdles associated with new mine development, and utilities’ stockpiles are rapidly depleting. As a result, uranium prices have tripled since 2003. With 440 nuclear power reactors in operation around the world, and an additional 60 expected to be commissioned over the next 15 years, further uranium price appreciation is widely expected.

Dominion Reefs
Over the last 18 months, Aflease has been positioning itself to take advantage of these favourable market fundamentals. Our primary focus continues to be the development of our Dominion Reefs uranium property. This property hosts one of the world’s largest undeveloped uranium deposits - a total inferred resource of over 113 million pounds of contained U3O8, at an average grade of 0.64 kg/t, and a total measured and indicated resource of more than 10 million pounds at an average grade of 0.45 kg/t. In June 2005, our board approved the development and construction of the Dominion Reefs uranium mine and plant and we remain committed to delivering uranium to the market in the first quarter of 2007, when we anticipate uranium market conditions to be more favourable than they are currently.

Most of the net proceeds from last month’s US $20.5 million private placement will be applied to Dominion Reefs mine design and development, including the funding of our US $2.16 million bankable feasibility study to be completed by April 2006. The balance of the capital required for the Dominion Reefs project will be funded with a combination of equity and debt financing. We have identified a number of alternatives for the debt funding, ranging from pure project financing to end-user financing, and over the next six months we will seek the most attractive terms and structures available.

In South Africa, our board has recently approved a five year US $9.5 million exploration program, intended to delineate additional ore reserves.

sxr URANIUM ONE
The completion later this year of our recently proposed merger with Toronto Stock Exchange-listed Southern Cross Resources will give us an additional suite of highly attractive uranium properties. These include two projects in South Australia: Honeymoon, which is a fully-permitted property with indicated resources of 9.3 million pounds of uranium, and Goulds Dam, with an indicated resource of 4.4 million pounds and an inferred resource of 7.9 million pounds, as well as uranium exploration property interests in Canada’s prolific Athabaska basin.

The proposed merger with Southern Cross will mark a significant stage in our evolution. It will give the combined company, sxr URANIUM ONE, geographical diversification, with assets in three of the world’s major uranium producing countries. In addition, two of those assets will be two of the only three uranium projects in the world which have near-term production visibility and are not owned by a major company. The merger will also give sxr URANIUM ONE the international capital markets profile and access necessary to develop and bring these assets to account. We are also pleased that the merged company, with its operating base in South Africa and a listing on the JSE, will remain firmly rooted in South Africa.

We anticipate completion of the merger within the next three months, subject to regulatory and shareholder approvals, following which, we will look to make a development decision on Honeymoon.

Other
With a solid South African uranium asset base, we have focused on growing our South African mineral rights portfolio, and to date have identified several promising uranium prospects. In this regard, Aflease has a number of pending prospecting rights for which the applications have already been lodged.

Having effectively set out a road map in South Africa, we are actively seeking out new value propositions, through assets that are geographically diverse. Accordingly, we recently announced a strategic alliance with Altius Minerals, which has a number of advanced uranium exploration projects in Canada.

Gold
Aflease Gold
On the gold side of our business, we believe that the most value accretive option for our shareholders is to locate our gold assets in a separate subsidiary, controlled by Aflease but with an asset base and a critical mass sufficient to support its own public listing. In coming to this conclusion, we considered several other options, including disposing of our Modder East gold asset for cash, or developing that asset within Aflease. In our view, however, it would be difficult, given current market conditions in South Africa, to sell Modder East at a value appropriate to the quality of this asset. Developing Modder East within Aflease, while it would deliver full value in the longer term, would result in additional dilution to Aflease shareholders and is moreover not a course of action which is fully aligned with Aflease’s primary strategic focus on uranium.

We believe that the creation of a separate, gold-focused entity would enhance the visibility and, in due course, the valuation of the gold assets contained within it. It would also enable us to leverage our gold assets to support the gold business, through the issue of equity after that business is listed, while preserving for the Aflease group the ongoing benefits of a significant exposure to gold. The new subsidiary, provisionally named Aflease Gold, would have its assets in South Africa - these would be near-surface, low risk and high margin - and would also be South African listed.

We took feedback from the markets into consideration in developing our strategy. While a strong uranium focus is welcome, there is little support for the total disposal of our pure gold assets. There is an appreciation that exposure to the pure gold assets diversifies risk. Certain institutions are also less constrained when investing in a company that has both a gold and a uranium portfolio.

We therefore remain on track to separate our pure gold assets, Modder East and Weltevreden, from the uranium-bearing assets in the Klerksdorp area into a JSE-listed subsidiary of Aflease. The subsidiary will have its assets in South Africa, and will provisionally be called Aflease Gold.

Modder East
The core asset of Aflease Gold would be the Modder East deposit. This is a high quality, shallow gold asset with a reserve in excess of 1 million ounces and a cash cost structure of US $200/oz. Ongoing drilling associated with the current Modder East feasibility study process continues to be very gratifying – the latest borehole values range from 1.48 gm/tonne over 29 centimetres to 22.19 g/tonne over 87 centimetres for the Buckshot Pyrite Leader Zone, 0.20 g/tonne over 286 centimetres to 1.12 g/tonne over 724 centimetres for the Blanket and Channel Facies, and 1.06 g/tonne over 15 centimetres to 60.48 g/tonne over 29 centimetres for the UK9a Reef.

Bonanza South
Our Bonanza South mine, which returned to production in late June, would not form part of the Aflease Gold asset base – given the uranium by-product in the Bonanza ore, it will remain part of the assets supporting our uranium business.

Weltevreden
The Weltevreden deposit would be Aflease Gold’s second significant asset. Weltevreden, which we agreed to purchase from AngloGold Ashanti in July of this year, has an indicated resource of 3.1 million ounces, grading at 4.75 g/tonne. This transaction will be funded through the issue of approximately 23.6 million shares, priced at R 3.62 per share (the 30 day volume-weighted moving average at the time we submitted our purchase offer). This will give AngloGold Ashanti a shareholding in Aflease just in excess of 5%. The transaction is subject to the usual regulatory approvals.

Black Economic Empowerment
We were pleased to finalize our agreement earlier this year with our BEE partners – an Aflease workers’ trust and a Klerksdorp community trust, each holding 30% of the BEE consortium, plus Africa Vanguard Resources with a 20% interest, and four additional groupings each holding 5% - Indalo Resources, Emseni Investments, Umlilo Mining and Finance and Magumo Investments.

The agreement provides for the sale from September 1, 2005 of an undivided 26% stake in our Dominion and Bonanza operations at Klerksdorp. While we will be financing the acquisition on an interest-free loan basis, our agreement with our empowerment partners requires them to repay this loan from their share of future profits from the Klerksdorp assets, with the first such payment being due within three years of the first distribution of profits. Under the agreement, the value of the loan is adjusted on each repayment to ensure that the payments reflect the lower of market value or net present value at the payment date. In this way, we can do our part to contribute to empowerment in the communities where our assets our located, in compliance with the requirements of the Mining Charter, while substantially protecting the investment of our current shareholders from any value erosion.

The empowerment transaction is subject to the approval of our shareholders and we are in the process of finalizing a circular to be sent to shareholders in this regard. In the meantime, further information concerning this transaction is available on our website.

Conclusion
We are excited by the strides we have made this year to position the Company as a global player in the uranium business, whilst maximizing the value of our gold assets. With the prospects for uranium and gold looking bright, we look forward to continuing to grow our business, in South Africa and around the world, and to build value for all our shareholders and stakeholders.

Forward-Looking Statement
This press release contains certain forward-looking statements. These forward-looking statements are subject to a variety of risks and uncertainties beyond the Company’s ability to control or predict, which could cause actual events or results to differ materially from those anticipated in such forward-looking statements. In this news release, predictions about transactions being approved and finalized are forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. Mineral resources which are not mineral reserves do not have demonstrated economic viability.





Carol Smith
Investor Relations
Aflease Gold and Uranium Resources Limited
Tel: [phone]
Fax: [phone]
Cell: [phone]
Email: [e-mail]

[Boersentrottel]

2005 9:28 MEZ
)



Aflease Gold and Uranium Resources Limited
(Formerly The Afrikander Lease Limited)
(Incorporated in the Republic of South Africa)
AFL (JSE) AFLUY (NASDAQ)
(Registration number 1921/006955/06)
ISIN: ZAE000061461 & Share Code: AFL
(Aflease or the Company)

AFLEASE AND SOUTHERN CROSS SIGN DEFINITIVE ACQUISITION AGREEMENT
September 15, 2005, JOHANNESBURG, SOUTH AFRICA and TORONTO, CANADA –

Aflease Gold and Uranium Resources Limited (Aflease, AFL) and Southern Cross Resources Inc. (SXR) are pleased to announce the signing today of a definitive agreement providing for the acquisition of Aflease by SXR. The acquisition agreement, which is subject to customary closing conditions, follows completion by Aflease and SXR of due diligence in accordance with the pre-merger agreement signed by the parties on July 5, 2005, and has been approved by the boards of directors of both companies.

The combined company will unite Afleases South African uranium and gold assets with the Australian and Canadian uranium assets of SXR. The new company, which will be focused on the growth and development of its uranium business, will also have an initial 80% interest in Aflease Gold, a new vehicle being formed to develop the pure gold assets of Aflease and Sub Nigel. The combined entity, which is planning to commence uranium production in the first quarter of 2007, expects to produce over 4 million pounds of uranium and 90,000 ounces of gold per year from its current projects by 2010.

Said Aflease’s CEO Neal Froneman:
We welcome the signing of this agreement, which marks an important step forward in our corporate strategy, and we look forward to joining forces with SXR. Once this transaction is completed, the combined company will have quality assets on three key uranium producing continents, and will be positioned to become an important player in the global uranium market. Investor interest in uranium in North America is strong and growing, and this transaction will ensure we have improved access to the international capital markets, which we require to bring our Dominion uranium mine into operation. We look forward to presenting this transaction to our shareholders for approval, as we await receipt of required regulatory approvals from the South African Reserve Bank, the JSE and other authorities.

Said SXR’s Chairman and CEO Mark Wheatley:
We are now one step closer to creating a unique mid-tier uranium company with tremendous growth potential, at a time when uranium supply and demand fundamentals are very positive. Aflease’s recently announced gold strategy, with plans to create a self-sufficient, separately-listed gold vehicle, has been well received by investors and will allow shareholders of the combined company to achieve maximum value from the development of Afleases pure gold assets. The support from respective shareholder groups since the announcement of the merger is encouraging and augurs well for the future of the combined company.

Terms of Transaction
The acquisition agreement includes a 5:1 consolidation of the common shares of SXR, in order to both increase the capital raising options open to the combined company, as well as to enhance its investment appeal, particularly among international institutional investors.

Under the terms of the acquisition agreement, with the implementation of the 5:1 consolidation, the holders of Aflease ordinary shares will receive 0,18 of a common share of SXR for each Aflease ordinary share (equivalent to a pre- consolidation ratio of 0,90). The current issued share capital of SXR consists of 76,7 million common shares, which will be consolidated into approximately 15,3 million common shares. Holders of SXR common shares will receive one new common share for each five common shares currently held.

The issued share capital of Aflease, as at 14 September 2005 is 377,4 million ordinary shares, which will translate to approximately 67,9 million common shares pursuant to the implementation of the acquisition. Accordingly, after the acquisition and consolidation, the combined issued share capital of SXR will be approximately 83,3 million common shares.

Resource Capital Fund L.P. and Resource Capital Fund II L.P., which hold approximately 16% of the outstanding SXR common shares, have agreed subject to fiduciary obligations to vote their shares in favour of both the acquisition and the share consolidation.

Completion of the acquisition is conditional upon, among other things, SXR retaining its primary listing on the Toronto Stock Exchange and obtaining a secondary listing on the JSE Limited. Neal Froneman, Aflease Chief Executive Officer, has agreed to serve as the CEO of the combined company and Jean Nortier, Aflease Chief Financial Officer, will be its CFO. The combined company will have a seven-member Board of Directors, including Neal Froneman, Mark Wheatley, CEO of SXR as a non-executive director, two additional nominees of Aflease as non-executive directors, and three independent non-executives to be mutually agreed, one of whom will serve as Chairman of the Board. SXR will be renamed SXR Uranium One Inc. as part of the implementation of the transaction.

Pursuant to the acquisition agreement, each company has agreed not to solicit third party interest in alternative transactions. Each company has also agreed to pay a termination fee to the other of Cdn $1 million if it terminates the acquisition agreement to accept a superior proposal, or if its shareholders fail to approve the acquisition. The acquisition will be effected by way of a court- sanctioned scheme of arrangement under the provisions of applicable South African law. The parties anticipate that, subject to the receipt of all required regulatory and shareholder approvals, the acquisition will be completed by the end of November.

The acquisition is also conditional upon the approval of the shareholders of each company. The SXR shareholder meeting will be held in mid-November, 2005 in
Toronto, Ontario. Subject to the terms of an order of the South African High Court, salient times of the merger will be made available to Aflease ordinary shareholders when the scheme announcement is published. BMO Nesbitt Burns is acting as exclusive financial adviser to Aflease. Nedbank Capital is Aflease’s South African investment bank and sponsor. SXR is being advised by RBC Capital Markets.

About Aflease Gold and Uranium Resources Limited
Aflease owns the Dominion and Rietkuil uranium properties, and the Bonanza South gold mine, located near Klerksdorp, South Africa, as well as the Modder East gold project located east of Johannesburg.

Aflease’s Board of Directors recently approved the development and construction of the Dominion Uranium mine. The Dominion Uranium asset was previously owned and operated by Anglo American. This brownfield project has significant infrastructure in place and a substantial information database of both geological and metallurgical information. Core from over 250 boreholes is available and the geological structure is well understood as a result of previous mining and seismic surveys. Current process testwork has confirmed the use of pressure leaching resulting in recoveries exceeding those used in planning models. The Directors of Aflease have approved the expenditure of US$2.16 million to complete a bankable feasibility study. Completion of this document is expected by April 2006 and production of uranium is expected to commence in the first quarter of 2007. From 2010, annual production from the mine is expected to be 4 million pounds per year.

Aflease recently announced a uranium resource at its Dominion, Rietkuil and Bonanza South properties, comprising total SAMREC-compliant inferred resources of 113.3 million pounds of contained U3O8, at an average grade of 0.064%, and total measured and indicated resources of 9.8 million pounds of contained U3O8, at an average grade of 0.066%. In addition, the Bonanza South property has a measured and indicated resource of 723,000 pounds U3O8, at an average grade of 0.009%, as a gold by-product.

Aflease’s gold assets consist of in excess of 400,000 ounces of proven and probable reserves, at an average grade of 5.5 grams/tonne, at Bonanza, and in excess of 1 million ounces of proven and probable reserves, at an average grade of 5.2 grams/tonne, at Modder East. On June 29, 2005 Aflease announced its first gold pour from Bonanza.

Aflease’s gold and uranium reserve and resource estimates were audited and confirmed by SRK Consulting, an independent firm of consulting engineers and geologists (SRK). The focus of SRK’s audit and review was on areas where there was sufficient information to comply with the SAMREC code. Aflease is in the process of obtaining independent technical reports complying with NI 43-101 in respect of its Dominion, Rietkuil, Bonanza and Modder East properties. The report is substantially complete and Aflease does not expect that the reserves and resources calculated in accordance with NI 43-101 will be materially different from the SAMREC compliant estimates.

On July 19, 2005, Aflease agreed to purchase the Weltevreden mine in South Africa from AngloGold Ashanti. Weltevreden has a SAMREC-compliant indicated resource of 3.1m oz, grading at 4.75 g/tonne. The transaction will be funded through the issue of approximately 23.6 million Aflease shares, priced at R3.62 per share (the 30 day volume-weighted moving average at the time Aflease submitted its purchase offer). AngloGold Ashanti will therefore own over 5% of Aflease.

On August 23, 2005, Aflease offered to acquire a controlling interest in Sub Nigel, a South African gold mining company listed on the JSE Securities Exchange. This will be achieved through the transfer of Afleases wholly-owned New Kleinfontein Mining Company, which holds the Modder East project, to Sub Nigel in return for the issuance of ordinary shares in Sub Nigel. This transaction, which has the support of approximately 62% of Sub Nigel’s current shareholders, including the major shareholder Gold Fields, is intended to crystallise the value of Modder East and to provide a clearer commodity focus for the company’s pure gold assets. The new company, which will retain its JSE listing, will also be able to raise capital for its gold projects without any associated dilutionary impact on SXR. The Sub Nigel transaction is subject to the approval of Sub Nigels shareholders, but Aflease has received irrevocable commitments of approximately 62% of Sub Nigels shareholders.

The ordinary shares of Aflease are traded in South Africa on the JSE Limited under the symbol AFL and over the counter in the U.S. in the form of a Level I
American Depositary Receipts under the symbol AFLUY.

About Southern Cross Resources Inc.
SXR owns the fully permitted, in-situ leach, Honeymoon Project and the Goulds Dam and Karkarook exploration projects in South Australia. Honeymoon, including the contiguous East Kalkaroo, hosts combined NI 43-101 compliant indicated resources of 9.3 million pounds of uranium and the project is expected to be developed as uranium prices improve. A decision on whether and when to proceed with the Honeymoon project is expected to be taken following the merger. The Goulds Dam project includes a NI 43-101 compliant indicated resource of 4.4 million pounds and an inferred resource of 7.9 million pounds. Drilling of the large ground position surrounding Goulds Dam is underway to test a number of new targets.

In 2004, SXR entered into an option agreement with Pitchstone Exploration Ltd. to earn a 50% joint venture interest in uranium exploration properties located in the prolific Athabasca Basin of Saskatchewan. This region hosts some of the largest and highest-grade uranium deposits in the world, including Cigar Lake and McArthur River. Geophysical test work has been completed and drilling is scheduled to commence over the next couple of months.

Project generation efforts have also recently yielded a number of new projects in South Australia, where the targets are geologically similar to those found in the Athabasca Basin.

The common shares of SXR are traded on the Toronto Stock Exchange under the symbol SXR.

Forward-looking Statement
This press release contains certain forward-looking statements. These forward-looking statements are subject to a variety of risks and uncertainties beyond the company’s ability to control or predict, which could cause actual events or results to differ materially from those anticipated in such forward-looking statements. In this news release, predictions about the transaction being approved and finalized are forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. Mineral resources which are not mineral reserves do not have demonstrated economic viability.The ordinary shares of Aflease Gold and Uranium Resources Limited (AFL)and the common shares of Southern Cross Resources Inc. (SXR) have not been and will not be registered under the U.S. Securities Act of 1933, as amended. This press release does not constitute an offer of securities for sale in the United States. Securities may not be offered or sold in the United
States absent registration or an exemption from registration. Any public offering of securities to be made in the United States will only be made by means of a prospectus that may be obtained from AFL and/or SXR and that will contain detailed information about these companies and management, as well as financial statements.

[iaschwilli]

Aflease Gold & Uranium Resources Limited Announces An End To The NUM Strike At Bonanza South
06 Oct 2005, 01:29 PM ET
Aflease Gold & Uranium Resources Limited announced that it has reached agreement with the National Union of Mineworkers (NUM) on a wage settlement. All employees returned to work at the Bonanza South gold mine at 06.00 on October 6, 2005. A three year agreement has been signed, which will provide a platform for industrial peace as Aflease moves forward the development of its Dominion Reefs uranium mine, for which Bonanza South serves as a pilot project.

Aflease Gold & Uranium Resources Limited Advises Of A Strike At Bonanza South Gold Mine
19 Sep 2005, 03:06 PM ET
Aflease Gold & Uranium Resources Limited announced that the National Union of Mineworkers began a strike at the Bonanza South gold mine near Klerksdorp, along with an illegal underground sit-in, on September 19, 2005. Substantial efforts had been made in recent weeks to avert the strike, with the matter having recently gone before the Commission for Conciliation, Mediation and Arbitration (CCMA.) Aflease has offered a three year wage agreement with the terms to increase for the current year would have been an effective 10%, which is well in excess of the inflation rate of 3.5%, back-dated to June 1, 2005, this would have been followed by a 7% increase next year and an increase of 7.23% in the third year. In addition, management agreed to jointly investigate the setting up of a provident fund, into which employees could contribute on a voluntary basis. Aflease has informed its workers that it will implement the no work; no pay principle for the duration of any strike. Management remains available for negotiation, and is eager to resolve the dispute as soon as possible.

Southern Cross Resources And Aflease Gold & Uranium Resources Limited Sign Definitive Acquisition Agreement
15 Sep 2005, 03:00 AM ET
Aflease Gold & Uranium Resources Limited and Southern Cross Resources announced that they have signed a definitive agreement providing for the acquisition of Aflease by the company. The acquisition agreement follows completion by Aflease and Southern Cross, of due diligence in accordance with the pre-merger agreement signed by the parties on July 5, 2005, and has been approved by the Boards of Directors of both companies. The combined company will unite Aflease`s South African uranium and gold assets with the Australian and Canadian uranium assets Southern Cross. Terms of the transaction were not disclosed.

Aflease Gold & Uranium Resources Limited Acquires Majority Shareholding In Sub Nigel
23 Aug 2005, 12:00 AM ET
Aflease Gold & Uranium Resources Limited announced that it has decided to acquire a majority shareholding in Sub Nigel. In terms of the transaction, Aflease will dispose of the entire issued share capital of its wholly owned subsidiary, New Kleinfontein Mining Company Limited (NKMC) to Sub Nigel. As consideration for the acquisition of NKMC, Sub Nigel will issue fully paid up shares in the ordinary share capital of Sub Nigel to Aflease. Pursuant to the Transaction, the existing Sub Nigel shareholders will hold 20% of the merged entity, with the remainder, being 80%, held by Aflease.

Aflease Gold & Uranium Resources Limited Issues 32, 000, 000 New Ordinary Shares
03 Aug 2005, 12:00 AM ET
Aflease Gold & Uranium Resources Limited announced that it has issued 32, 000, 000 new ordinary shares at an issue price of ZAR4.25 per ordinary share to raise approximately ZAR136, 000, 000 ($20.5 million) in new capital representing approximately 9.3% of the total issued share capital of Aflease prior to the issue of the 32, 000, 000 new ordinary shares. The new Aflease ordinary shares were issued at a 3.5% discount to the 30 day weighted average price calculated on July 19, 2005, the date on which the private placement was concluded. Aflease`s total issued shares have increased to 377,429,195. The private placement and the secondary offer were completed through a syndicate of agents, led by BMO Nesbitt Burns Inc. Other members of the syndicate were Sprott Securities Inc., Barnard Jacobs Mellet (US) LLC, Hargreave Hale Limited and Toll Cross Securities Inc.

[Boersentrottel]

News Today

Aflease, unions reach wage deal
--------------------------------------------------------------------------------

Aflease Gold and Uranium Resources yesterday reported that it had reached agreement with the National Union of Mineworkers (NUM) on a wage settlement.

All employees returned to work at the Bonanza South gold mine yesterday morning.

A three year agreement has been signed, which will provide a platform for industrial peace as Aflease moves forward the development of its Dominion Reefs uranium mine, for which Bonanza South serves as a pilot project.

“I am delighted that we are now back to business as usual,” said Aflease CEO Neal Froneman.

“The strike had no significant impact on production, as we kept the gold plant running throughout.

“However, it is satisfying that we now have a three year agreement with the NUM, which will ensure that we can move forward in partnership with the union, in developing Dominion Reefs - a mine which could provide employment for up to 2 500 miners in an area which has experienced severe unemployment.”

Froneman also welcomed an undertaking that the NUM will support Aflease in the company`s applications to the Department of Minerals and Energy Affairs (DME) for prospecting and mining rights.

The strike had involved approximately 440 employees, and was embarked upon two and a half weeks ago.

Neal Froneman said that management had agreed to a 6.7% cost to company wage increase for this year, back-dated to 1st June, with increases of CPIX plus 1% in each of the two following years.

“In addition, the union has agreed to the practice of continuous operations (conops) which will allow us to mine around the clock, seven days a week,” said Froneman.

“There has also been an agreement on the proceedings for picketing in the event of any future dispute.

Last month, Aflease signed an empowerment agreement with the Micawber 397 consortium related to its mining assets in the Klerksdorp area, though which Micawber will acquire 26% of the assets.

Historically disadvantaged employees have a 30% stake in Micawber 397, through a trust fund, with the local community also holding 30% through a separate trust fund, making this a broad based consortium, and making the empowerment deal a model for other companies.

[Boersentrottel]

Aflease - Financial effects
Aflease Gold and Uranium Resources Limited
(Formerly The Afrikander Lease Limited)
(Incorporated in the Republic of South Africa)
AFL (JSE) AFLUY (NASDAQ)

(Registration number 1921/006955/06)
ISIN: ZAE000061461 & Share Code: AFL
("Aflease" or "the Company")

11 October 2005

Aflease and Southern Cross fix dates for shareholders" meetings Southern Cross Resources Inc. (Southern Cross) is on track to complete its takeover of Aflease Gold and Uranium Resources (Aflease) by the end of this year. The combined company will merge Aflease"s South African gold and uranium assets with the Australian and Canadian uranium assets of Southern Cross.

Aflease today announced that a circular will be posted to its shareholders on or around the 28th October 2005, containing the final details of the scheme of arrangement. Aflease shareholders will meet to approve the scheme on 24th November 2005, with Southern Cross shareholders having voted the previous day.

"If all goes to plan, the last day to trade in Aflease shares will be the 19th December 2005, when Southern Cross will launch its secondary listing on the JSE," said Aflease CEO Neal Froneman.

Mr. Froneman explained that there will be continuity for Aflease shareholders, who will receive Southern Cross shares in consideration for their Aflease
shares.
The acquisition agreement signed between Southern Cross and Aflease incorporates a proposed 5:1 share consolidation of the common shares of Southern Cross, in terms of which Aflease shareholders will receive 0.18 of a common share of Southern Cross for each Aflease ordinary share (equivalent to a pre-consolidation ratio of 0.90).

Aflease announced on 27th September that the South African Reserve Bank had approved the secondary listing of Southern Cross shares on the JSE and the
acquisition of Aflease by Southern Cross.

"We announced on 15th September 2005 that the Boards of Aflease and Southern Cross had signed a definitive acquisition agreement, and now we are in a position to update shareholders on the timetable for the transaction," said Mr. Froneman.

"The transaction will give the enlarged entity improved access to the North American capital markets, through the Toronto Stock Exchange (TSX), and this will assist in developing both our mining and exploration projects.

"We plan to be an important player in the global uranium market from 2007, when we anticipate we will begin producing uranium at our Dominion Reefs mine near Klerksdorp.

"Meanwhile, we are also moving ahead with the proposed merger with Sub Nigel of Aflease`s subsidiary New Kleinfontein Mining Company, the main asset of which is the Modder East resource."

Aflease has also published unaudited information on the pro-forma financial effects of the transaction with Southern Cross, which is contained in an
announcement on the JSE"s Stock Exchange News Service (SENS).

Aflease has today also advised its shareholders that they no longer need to exercise caution when dealing in the company"s ordinary shares, and has withdrawn the cautionary announcement under which its shares have been trading.

Disclaimer Statements made in this announcement with respect to Aflease`s current plans, estimates, strategies and beliefs and other statements that are not historical
facts are forward-looking statements about the future performances of Aflease.

These statements are based on management`s assumptions and beliefs in light of the information currently available to it. Aflease cautions you that a number of risk and assumptions could cause actual results to differ materially from those discussed in the forward-looking statements, and therefore you should not place undue reliance on them. The potential risk and assumptions include, amongst
others, risks associated with fluctuations in the rand-dollar exchange rate, dollar market price of gold, gold production at operations, estimates of reserves and resources. Aflease assumes no obligation to update information of this release.

The ordinary shares of Aflease have not been and will not be registered under the U.S. Securities Act of 1933, as amended. This press release does not
constitute an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Any public offering of securities to be made in the United States will only be made by means of a prospectus that may be obtained from Aflease and that will contain detailed information about the company and management, as well as financial statements.