Corporate Information

directorate | contact information | mission/objectives | corporate governance

DIRECTORATE

JR. Rapoo	M.Welthagen	Jl. Bosch	AP. Roux	Prof DF. Reid
Jeffrey Rapoo (Non-executive Chaiman) (BComm (Accounting), Hons B Compt) is at present Managing Director of North West Transport Investments (Pty) Ltd and formerly acting managing director at the Mpumalanga Development Corporation of the Mpumalanga Province and is also a director of Saminco Ltd. Mr Rapoo has considerable experience in the field of project development and financial administration.
Marius Welthagen (Chief Executive) has 24 years of mining experience. Mr Welthagen is a qualified mining engineer and specialised in mineral economics (MEng (Mining), MPhil Mineral Economics, BComm Hons (Economics)). He, inter alia, worked at Kloof Gold Mine, Greenside Coal Mine in the Gold Fields Group, at the Minerals Bureau of South Africa and as a gold analyst for a leading stockbroker on the JSE. He is also chairman of Saminco Limited a mining investment company.
Leopold Bosch (Non-executive Director) studied at the Potchefstroom University where he obtained his M Sc Geology (cum laude) during 1963 with a thesis on kimberlite occurrences in the Barkly West district of the Northern Cape province. After spending some years as field geologist and mineralogist, he was appointed as geologist with the Industrial Development Corporation of South Africa Limited in 1968, and was involved in numerous geological investigations and projects. He was also responsible for the establishment of IDC’s computer facilities and information systems, and retired in 1995 as deputy General Manager. He consulted to Thabex since October 1997 and joined the Board in March 1999. On 1 october 2003 he was appointed Executive Manager of the Geological Society of South Africa.
Anton Roux (Non-executive Director) is a deciduous fruit producer in the Franschhoek Valley in the Western Cape Province and is a director of Saminco. He has been associated with the group since 1981 as director of SA Mineral Investments (Pty) Ltd. He is a graduate of the University of Stellenbosch holding a B Agric degree.
David Reid (Non-executive Director) has been with the University of Cape Town since 1972 and is currently an Associate Professor in the department of geological sciences. He is a member of the Geological Society of South Africa since 1973 and has twice been awarded their Jubilee Medal in recognition for published research in South African geology and geochemistry. David Reid has published, lectured and consulted widely on topics related to economic geology and geochemistry, with particular emphasis on mineralisation in Namaqualand, Bushmanland, Namibia and the Bushveld Complex.

CONTACT INFORMATION

Registered Office	Attorneys	Secretaries	Sponsor
Thabex Exploration Limited Reg No 1988/000763/06 2nd Floor KPMG Forum 1226 Schoeman St Hatfield, Pretoria 0083 Operations Office Tel +2711 678 0791 Fax +2711 476 3960 e-mail info@thabex.com	Brink Cohen Le Roux Inc Reg No 1993/004501/21 BCLR House 19 West Street Houghton Johannesburg 2198	SA Mineral Investments (Pty) Ltd Reg No 1981/004619/07 51 Austin Street Northcliff Johannesburg 2195	PSG Capital Limited Reg no 1996/000509/06 1st Floor 35 Ou Kollege Church Street Stellenbosch
Postal Address	Transfer Secretaries	Auditors	Bankers
PO Box 3899 Northcliff 2115	Ultra Regsitrars (Pty) Limited Reg No 1987/000519/06 11 Diagonal Street Johannesburg 2001 Tel +27 11 370-5000 Fax +27 11 370-5272	KPMG Inc. KPMG Forum 1226 Schoeman St Hatfield Pretoria 0083	First National Bank of Southern Africa Limited Reg No 1971/009695/06 Johannesburg Branch 80 Market Street Johannesburg 2001

LISTED ON THE JSE - CODE: TBX
ISIN CODE: ZAE000013686

MISSION / OBJECTIVES

Mission statement

Explore, search and turn to account mineral projects in South and Southern Africa, using professional teams, to benefit shareholders, employees and the peoples of the region.

Objectives

The effect of the restructuring has been that Thabex could again commence exploration activities and pursue new exploration projects in order to achieve the company's main objectives, namely:

to create real wealth for its shareholders by turning to account its exploration projects, and

to develop small to medium sized deposits into going concerns in an environmentally friendly and socially responsible manner

as far as possible enter into joint ventures with larger mining companies to develop the company's larger projects.

Thabex has in pursuit of these objectives put together a diversified portfolio of mineral rights and options to mineral rights. The portfolio is diversified in:

the minerals being explored,

the size of the projects,

the geological, and

economic viability of the projects.

CORPORATE GOVERNANCE

Directors' Interest in Thabex

As at 28 February 2001 the direct and indirect beneficial interest of each director were as follows:

Director
Directly

Indirectly

%

Beneficial Non-beneficial Beneficial Non-beneficial

JL Bosch
16 000

-

-

-

0,09

JR Rapoo
20 000

-

-

-

0,12

Prof DL Reid
16 600

-

-

-

0,09

AP Roux
16 000

-

170 000

-

1,01

M Welthagen
1 000

-

1 709 519

-

10,05

SA Mineral Investment (Pty) Ltd is a management and share trading company, indirectly controlled by M Welthagen and secretaries to Thabex. During the year ended 28 February 2003, SA Mineral Investment (Pty) Ltd in aggregate disposed 292 649 (2002: purchased 282 000) ordinary shares at an average price of 45 cents per share.