Notes to consolidated financial statements l Note 3

                   
           2017
R’000 
    2016 
R’000 
 
3  INTANGIBLE ASSETS                  
  Licences                  
  Carrying amount at beginning of year         249      429    
  Amortisation for the year         (180)     (180)   
  Carrying amount at end of year         69      249    
  Dwarsrivier mineral rights         709 624      –    
  – acquired during the year         736 016      –    
  – amortisation during the year         (26 392)     –    
  Goodwill                  
  Goodwill arising on the acquisition of Minerais U.S. LLC         1 418      1 418    
          711 111      1 667    
  The directors are of the opinion that remaining goodwill recognised will be recovered in the form of future cash flows anticipated from Minerais U.S. LLC and is therefore not impaired                  

Notes to consolidated financial statements l Note 3