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Corporate profile

Platfields Limited (Platfields) was founded in 2002 as an emerging precious metals exploration company with a vision to develop and bring its projects to operation in the future. The company is Mining Charter compliant and holds new order prospecting rights for its two near-surface platinum group metals (PGM) exploration projects on the Eastern Limb of the Bushveld Complex and one near-surface gold exploration project in the Transvaal Drakensberg Goldfields of Mpumalanga province.

Platfields' strategy is to advance rapidly from its current status as an emerging precious metals explorer to become a developer and operator of precious metals mining operations in South Africa, taking full advantage of the sound long-term outlook for precious metals - PGMs and gold in particular.

Though Platfields is growth-focused in the longer term, its short- to medium-term objective is to use its existing capital base to rapidly advance its two highly attractive exploration projects, the Liger and Berg projects, both of which are located on the Eastern Limb of the Bushveld Complex. Drilling at the Liger Project is currently targeting between 2.20 and 6.49 million PGM ounces (4E), encompassing both Merensky and UG2 Reefs, while exploration data at the Berg Project - derived from heliborne geophysical surveys, comprehensive field mapping, strontium isotope studies and borehole drilling - indicates a total potential target of up to 1.53 million ounces.

Platfields is conducting geological mapping, ground magnetic surveys and diamond drilling, with the Beta Reef intersected; at Grootfonteinberg Gold Project, located near the historic gold mining towns of Pilgrim's Rest, Graskop and Sabie.

While Platfields values its independence, it will actively pursue collaborative opportunities with other like-minded companies, when and where it makes sound business sense to do so.