The three properties — Rooibokbult, Turfpan and Dwaalkop — are situated between Messina’s Voorspoed and Doornvlei sections. All three host the Merensky and UG2 reefs.
The partners peg the measured and indicated resource for the portion of the UG2 reef covered by the properties at nearly 14.7 million tonnes running 6.74 grams combined platinum, palladium, rhodium, iridium, ruthenium and gold (PGEs) per tonne, based on 24 drill intersections. Another 12.7 million tonnes of 6.74 grams PGEs are classified as inferred resources.
The Merensky reef contains just under 17.1 million tonnes of inferred material grading 3.49 grams PGEs, based on 33 drill intersections.
The estimates are based on drilling by the properties’ previous owner, Anglo Platinum, and include a 25% loss to account for geologic irregularities plus a mining dilution factor. Assay results include values for platinum, palladium, rhodium and gold, but the company converted the results to reflect five platinum group elements plus gold based on PGE-plus-gold splits on the adjacent Messina properties.
The partners are awaiting permits to begin exploring the properties.
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