Announcement Date: 2022-05-30
Announcement Type: Pre-Feasibility Study
Announcement Code: NI43-101
Company name: Sedibelo Platinum Mines Ltd.
Project name: Mphahlele
Location: South Africa
Commodities: Gold,Iridium,Palladium,Platinum,Rhodium,Ruthenium,Copper,Nickel
Highlight: PFS results incl. NPV (8%) of ZAR$7.539M & IRR of 20%
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: SRK Consulting (South Africa) (Pty) Ltd (SRK) was appointed by Sedibelo Platinum Mines Ltd (SPM, also referred to as the Company) to compile a Technical Report (TR) to present the results of a pre-feasibility study (PFS) of the Mphahlele PGM Project (the Mphahlele Project) located in the Limpopo Province of South Africa. This TR has been prepared according to the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects (NI43-101) of the Canadian Securities Administrators and Form 43-101F1 Technical Report (the Form). SPM, formerly Platmin Limited, delisted from the Toronto Stock Exchange in 2011, but remained a “reporting issuer” for the purposes of Canadian securities laws and subject to all continuous disclosure obligations under those laws. SPM indirectly holds the mineral rights to a platinum group metal (PGM) operating mine and several PGM projects in the Republic of South Africa. This TR presents the results of a PFS for the Mphahlele Project, which was completed in 2020, to satisfy SPM’s continuous disclosure obligations and the disclosure of Mineral Resources and Mineral Reserves at 31 December 2021. The achievability of the production schedule on which the PFS
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