Ferro Metals : Notification of Interim Management Statement

International Ferro Metals Limited is an integrated ferrochrome producer. The Company is focused on developing and operating mining and mineral processing operations, with the focus being on the production of mineral products for the international steel industry. It produces ferrochrome from chromite ore located in the Bushveld Igneous Complex. Its Lesedi chromite mine and integrated beneficiation and smelting operations are situated at Buffelsfontein, approximately 100 kilometers north-west of Johannesburg, South Africa. The ore body at Buffelsfontein consists of multiple seams and the method employed is a combination of down-dip stoping and breast mining. It holds approximately 80% interest in the Sky Chrome deposit. It is also focused on generating approximately 13.7 megawatt (MW) electricity. The total operating capacity of the Company is approximately 265,000 tons of ferrochrome per annum. Its subsidiaries include Purity Metals Holdings Ltd and Sky Chrome Mining (Pty) Ltd.