The parties involved in the plans of Tharisa PLC (LON:THS)(JSE:THA) to acquire a 90% shareholding in Salene Chrome Zimbabwe have agreed to extend the option to 31 March 2021.

Tharisa acquired the option from Leto Settlement, a related party, in May 2018, and subsequently updated the market twice on the transaction later that year.

Tharisa has a considerable chrome production capability in South Africa already operating, and plenty of experience in the sector. 

It also produces significant quantities of platinum group metals from its operations in South Africa.

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