DMR Dimension Res.S

RNS Number:6790R
Dimension Resources Ld
19 February 2002



DIMENSION RESOURCES LIMITED



For immediate release



Dimension Resources signs agreement to buy Rustenburg Black granite quarry


On 28 January 2002 Dimension Resources Limited ("Dimension"), announced that its
wholly owned operating subsidiary Natural Stone Industries (Pty) Limited
("NSI"), had reached agreement in principle with North West Quarries CC to
acquire a Rustenburg Black granite quarry situated near Brits, North West
Province, South Africa. The agreement has now been signed by both parties. The
agreement remains conditional, inter alia, on the transfer of a valid mining
licence to NSI., but it is expected that the conditions will be satisfied within
four weeks. The information below is repeated from the initial announcement:



"The initial purchase price is Rand 2 million (£125,000), with up to an
additional Rand 2 million (£125,000) payable when certain production targets are
met. This is expected to be within six months of start up.



Rustenburg Black granite is the best known of all granites traded and processed
in the world, and is internationally accepted and used. The material only occurs
in South Africa and some 95% of the production is exported from that country.



Under an additional agreement, North West Quarries has agreed to undertake the
quarrying operations on behalf of Dimension. The intention is to build up
production to a level of approximately 300 cubic metres per month, operating for
11 months per annum. At current pricing levels Dimension expects a margin of
between US$ 100 and US$ 200 per cubic metre, giving a rapid pay back of the
purchase price."



Commenting on the agreement, Brian Moritz, Dimension's Chairman, said:



"Rustenburg Black granite will be a valuable addition to our portfolio of
stones. We are currently seeking to put the funding in place for this purchase
and also for equipment for our travertine quarry."



Dated: 19 February 2002



Contacts:           Brian Moritz
                    Chairman, Dimension Resources      020 7728 2367

                   Maxine Barnes
                   Barnes and Walters                  020 7430 1600




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