The Company has a balanced portfolio of highly prospective PGM assets, covering some 16,000 hectares in the western and eastern limbs of the Bushveld Complex.

The Company is drilling on its Tjate flagship property, immediately down dip of Anglo Platinum’s Twickenham project and Impala Platinum’s Marula operation. The boreholes to date are showing very good PGM and base metal grades from the Merensky reef and PGMs from the UG chromitite reef.

The Company’s other four latent Bushveld Complex properties await new order prospecting rights, the granting of which are believed to be imminent. A new borehole site is being positioned for its subsidiary Dullstroom Plats’s Mapochsgronde property, based on results from a previous stratigraphic borehole DP001.

Map of the Bushveld Complex

Map reproduced with permission of Johnson Matthey (Map not to scale)