Afarak Group Plc - Company Announcement

AFARAK GROUP - EXPLOITATION MINING LICENSE GRANTED IN TURKEY

14 January 2016 - Afarak Group Plc, Stock Exchange Release

AFARAK GROUP - EXPLOITATION MINING LICENSE GRANTED IN TURKEY

Afarak Group Plc ("Afarak" or the "Company") (LSE: AFRK, NASDAQ: AFAGR)
announces that its subsidiary Turk Maadin Sirketi AS (TMS) has been granted the
exploitation mining license for Eskisehir -Mihaliccik Karaagac "Eagle Field".

TMS is a Turkish mining company specialized in the mining industry of high grade
chrome ore. TMS operates in three provinces in Turkey and in total 19 chrome ore
concessions. TMS processes run of mine chrome ore into High Grade concentrate
and Lumpy Chrome ore. The High grade concentrate is delivered to Elektrowerk
Weisweiler GmbH in Germany, another wholly owned subsidiary of the Company, were
the Chrome ore concentrate gets further processed into Low Carbon and Ultra Low
Carbon ferrochrome whereas the Lumpy Chrome ore is sold to third parties. The
annual production of TMS concentrate is at the moment about 50.000 tons chrome
ore concentrate with an average percentage of chrome oxide of about 50%.

TMS will now investigate the most appropriate time to bring the mine into
production to ensure that the Company maximizes the selling price in a
challenging trading environment.


AFARAK GROUP PLC
Alistair Ruiters
CEO


For additional information, please contact:

Afarak Group Plc
Dr Alistair Ruiters, CEO, tel +358 50 372 1130 (Helsinki Office),
alistair.ruiters@afarak.com

Afarak Group is a chrome mining and minerals producer focused on delivering
sustainable growth with a speciality alloys business in southern Europe and a
ferro alloys business in southern Africa. The Company is listed on NASDAQ
Helsinki (AFAGR) and the Main Market of the London Stock Exchange (AFRK).
www.afarak.com

Distribution:
NASDAQ Helsinki
London Stock Exchange
main media
www.afarak.com




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