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Phoenix Platinum, South Africa • Option exercised to acquire 100% of Phoenix: • Phoenix owns rights to contained PGM's in • Total cash consideration of £5.2 million • Estimated required capex to production: £8.5 |
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Phoenix Platinum |
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Phoenix Platinum Project (South Africa) |
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Name |
The Phoenix Platinum CTRP |
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Location |
North-West Province (South Africa) |
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Status |
Construction |
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Holding Company |
Phoenix Platinum Mining (Pty) Ltd |
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Controlling Company |
Pan African Resources PLC (100% ownership) |
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Geological Setting |
Chrome tailings discards from chrome seam mining in the Bushveld Igneous Complex |
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Products Mined* |
Platinum (56.5%), Palladium (27%), Rhodium (16%) and Gold (0.5%) |
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Production Forecast |
Tons Per Annum: |
240,000t |
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Head Grade (PGM’s) |
3.52g/t |
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Content Per Annum: |
12,200oz (PGM) @ 45% recovery |
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Estimated Plant Capex |
£8.5 million |
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Extraction Method |
CTRP: Concentrator/flotation plant |
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LOM |
17 years |
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Key Management |
Operations Manager: |
Ron Holding |
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Project Manager: |
Richard Kunnemann |
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UK (AIM): PAF | SA (JSE): PAN Tel: + 27 11 243 2900 |
Fax: + 27 11 880 1240 |
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