Bengwenyama platinum group metals project, South Africa

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The project aims to extract PGMs from the upper group two and Merensky reefs, which constitute one of the very few remaining areas within the Bushveld Complex where economically viable PGMs deposits remain unexploited. construction of a dry-stack tailings storage facility conforming to Global Industry Standards on Tailings Management requirements.

comprehensive integration of all on-site infrastructure, encompassing site access roads, office and administrative buildings, engineering workshops, stores, a guardhouse, surface-water storage facilities and other supporting facilities.The project has a pretax net present value, at an 8% discount rate of, $1.04-billion and an internal rate of return of 24%, with a payback of from the start of plant production of 4.5 years.

Recent drilling has targeted the North Horst Block to get a better understanding of that area for the forthcoming PFS, and potentially converting more of the inferred resource to indicated status.has said that, with assay results for the North Horst Block still pending, the project already boasts an existing indicated and inferred mineral resource estimate of 26.22-million ounces.

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