Wesizwe Platinum’s strategic intent is to build and operate South Africa’s next platinum group metals (PGM) mine at its Frischgewaagd-Ledig Complex, firmly positioning the Group as a significant mid-tier precious metals producer, well placed to take advantage of a global economic upturn and an expected increase in demand for platinum group metals (PGMs).
Frischgewaagd-Ledig, in the Western Limb of South Africa’s Bushveld Complex, remains one of the best un-mined PGM assets in South Africa. The project is structurally superb with sound economic fundamentals and a highly flexible and cost effective mining regime. The feasibility study, updated in 2009 and currently going through a review process, indicates that the will produce around 350 000 ounces of PGMs for approximately the next 35 years.
Wesizwe Platinum has secured strong technical and financial partners in shareholders, Jinchuan and CADFund, and the fully-funded mine development is underway with an experienced and competent management team. |
