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NKWE PLATINUM LIMITED - ASX: NKP
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Description
Nkwe Platinum’s main Tubatse and Garatau Projects consist of five contiguous farms with a strike length of more than 30km. These Projects are located in an established mining district with well developed infrastructure. It borders Anglo Platinum’s Modikwa Joint Venture to the east, Implat’s Marula mine to the north and Eastplat’s Spitzkop – Kennedy’s Vale project in the south.
Nkwe Platinum’s Tubatse and Garatau Projects have a surface footprint of more than 10,500 hectares, underlain by both the Merensky Reef and the UG2 chromitite seam from surface to a depth of 1,500m.
Nkwe has finalised a Feasibility Study on the Garatau Project Area in the north, with exploration continuing on both its Garatau and Tubatse Project Area in the south. The company’s view is to develop two mines with a combined annual production of more than 1 Moz of PGM from a targeted mineralisation base in excess of 100 Moz 3PGM Au. The potential size and quality of Nkwe’s PGM assets make it possible for Nkwe to become an independent PGM producer and strategically utilize independent or joint ventured smelting and refining capabilities.
The Garatau Project
The Garatau Project consists of two contiguous properties Garatouw 282KT and De Kom 252KT. These farms are located adjacent to three operating mines: the Marula Mine of Impala Platinum, Smokey Hills Mine of Platinum Australia and Anglo Platinum’s Modikwa Mine.
The Tubatse Project
The Tubatse project consists of three contiguous properties Hoepakrantz 291KT, Nooitverwacht 324KT and Eerste Geluk 327KT. These farms are an extension south of the two Garatau Project farms mentioned above, and are located down dip to the adjacent Anglo Platinum’s Modikwa platinum mine.
Pilanesberg Project
The project consists of two properties, Rooderand and Ruighoek which are advanced stage exploration projects. Rooderand is located on the north-western rim of the Pilanesberg National Park and exploration success during 2006 increased the JORC compliant Mineral Resource to 36.7m Mt @ 3.8 g/t for 4.5Moz (3PGE+Au), geologically discounted. A new order prospecting right has been issued on this project.
Nkwe has an undivided 54% share on various portions of Ruighoek (under the old Mining Act) which lies directly to the west of the Pilanesberg National Park, covering an area of over 2,500 hectares. Nkwe has previously secured the consent to prospect on Ruighoek from the private holders of undivided shares of the mineral rights. An application for a Prospecting Right is currently being processed by the Department of Minerals and Energy (“DME”).
Mine For
platinum group metals, gold, platinum
Location of operation(s)
South Africa
Address
Ground Floor, 1 Havelock St
WEST PERTH, WA, AUSTRALIA
Phone
08 9488 5220
Website
Last Updated
3/5/2011
The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.
