Targeted exploration 70 M oz PGMs over three farms
Tjate NPV of USD1.1 billion (2012)
Mining target of 2 400 000 tonnes per annum
PGM production target of 270 000 4E PGM oz per annum
Mining right executed 1 March 2017
The Project is independently judged to contain arguably the world’s largest undeveloped defined block of platinum ore. The property covers 5,140 hectares on three farms and the area has been independently appraised to contain a potential net 65 million ounces of platinum group elements (PGEs) and gold. This represents the resource targeted for future exploratory drilling.
This targeted estimate, which derives from the extrapolation of current drilling results is approximately three times greater than the currently indicated and inferred SAMREC-compliant resource estimate shown below. The resource estimate was derived from exploratory drilling completed in May 2009.
The Project’s Reefs extend to depths greater than 1,600 meters, offering significant potential to extend or expand production in future.