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The 2011 Annual Report for Aquarius Platinum Limited (Aquarius) covers the period from 1 July 2010 to 30 June 2011 and presents the operational and financial performances of the group over this period. This report has been compiled in line with the regulations of the Australian Securities Exchange (ASX), which hosts Aquarius' primary stock exchange listing.

In this report, platinum group metal (PGM) production refers to the three primary platinum group elements (PGE) – platinum, palladium and rhodium – and gold, which are together referred to as 4E or 3E+Au. Throughout the Annual Report, financial data is reported in US Dollars and, where applicable to South African subsidiaries in the operational review, in South African Rands.

The Corporate Governance Statement presented in this report has been compiled in line with the Australian Securities Exchange's Corporate Governance Principles and Recommendations (with 2010 amendments) with reference to the Combined Code on Corporate Governance 2008, as prepared by the Financial Reporting Council in the United Kingdom. The annual financial statements were prepared in accordance with the International Financial Reporting Standards and audited in accordance with International Standards on Auditing.

The key performance indicators (KPIs) reported throughout this Annual Report cover health and safety, operations, financial metrics and are used by the Board of Aquarius and operational management to monitor the Company’s performance over time. They are reported in The Annual Report to provide all stakeholders with the tools necessary to assess the Company's results on a clear and consistent basis. The Company aims to deliver consistent improvement across all of its KPIs.

Included in this Annual Report are summaries of:

• the group Mineral Resource and Reserve statement in which Aquarius’ Mineral Resources, Mineral Reserves and exploration results for its operations in South Africa and Zimbabwe are reported in accordance with the South African Code for Reporting of Mineral Resources and Mineral Reserves (SAMREC 2007) and its equivalent, the Australian Code for the Reporting of Mineral Resources and Ore Reserves (JORC 2004). This statement has been signed off by the relevant Competent Persons as defined by these codes.
• the group Corporate Citizenship Report outlining Aquarius’ sustainable development activities. This is compiled in line with the principles of the G3 reporting guidelines of the Global Reporting Initiative (GRI). 


Fuller more extensive versions of the above two reports will be available on the corporate website during November 2011.