| |
|
15 APRIL 2008 |
The Directors of Watermark are pleased to
announce the first results, from the Council for Scientific &
Industrial Research (“CSIR”) pilot water plant, by its
wholly-owned subsidiary, Western Utilities Corporation (Pty) Ltd
(“WUC”). The pilot plant has now been operating for a month and
results from the plant are extremely encouraging and well within
expected results.
The purpose of the pilot plant is two-fold, namely proof of the
Company’s concept and secondly, verification of mass balances,
including by-products generated by the process that will form
part of the commercialisation phase and could generate
additional revenue. Although detailed mass balances are not yet
available, this requires a further two to three month
operational period of the plant. Chemical analysis of the water
indicates that the Acid Mine water can be effectively treated
through the CSIR process. The South African National
Accreditation System (“SANAS”) standard for industrial quality (SANAS
class two) and the current results achieved are depicted in the
table below:
|
|
|
|
|
|
|
The Directors are encouraged by the results
and expect to provide further updates on the mass balances,
operating and capital requirements for the construction of a 75
megalitre (per day) plant which has the potential to be expanded
to 200 megalitre per day. |
|
|
|
Enquiries
Dirk Kotze, Watermark Global plc +27 (0) 12 661 3602
Ian Soanes / Elizabeth Bowman, Cenkos Securities +44 (0) 20 7397
8928
Charles Zorab, Investor Relations +44 (0) 207 233 1462 |
|
|
