The Leeuwkop PGM Project, in which Platfields has an effective 41.25% holding, is a near-surface PGM target covering approximately 1100 hectares at the north-western end of the Eastern Limb of the Bushveld Complex, immediately west of Anglo Platinum’s Lebowa Platinum Mine and close to both Lonmin’s Limpopo Platinum Mine and Aquarius Platinum South Africa’s Bakgaga Project.
As with the Berg Project, the principal targets are the Merensky and UG2 Reefs.
Exploration data to date indicates a mean exploration target of up to 1.95Moz of 4E PGE on the farm Leeuwkop 425KS, attributable to Platfields.
Aeromagnetics and radiometrics of the Leeuwkop Project have been completed. The next exploration phases include field mapping and a two-phase drilling programme comprising a total of 29 boreholes. An amount of R24.1 million has been budgeted for the latter.
The Tigerpoort Project covers the farm Tigerpoort 426KS which measures approximately 500 hectares. The project is immediately west and downdip of the Leeuwkop Project, no targets or resources have yet been estimated for this early stage project.
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