Published: 22 July 2013

Further to the Company's cautionary announcement of 25 June 2013, shareholders are advised that the management of BNC is examining alternative mining plans with the objective of improving the short term cash flow of the Company and reducing the funding requirement.

These plans utilise the mining flexibility afforded by the presence of higher grade massive sulphide ore within the Trojan orebody. BNC is in the process of seeking short term bridging finance to cover the funding shortfall, and continues to focus on the preservation and integrity of the business and its assets.

Shareholders are therefore advised to continue to exercise caution and, where they are in doubt, to seek independent professional advice before dealing in the shares of the Company, until such time as the matters currently under consideration have been finalised.

By Order of the Board

C F Mukanganga
Company Secretary
15 July 2013
- Bindura

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