Phoenix Platinum, South Africa

• Option exercised to acquire 100% of Phoenix:
..effective May 2009

• Phoenix owns rights to contained PGM's in
..historical and future chrome tailings

• Total cash consideration of £5.2 million
..(estimated, in-house NPV of £27.6 million)

• Estimated required capex to production: £6
..million
   

Pan African Projects Summary

Phoenix Platinum
> Location & Summary

Barberton Mines
Manica Gold Project

South Africa Country Profile
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Phoenix Platinum Project (South Africa)

  

 

        

Name

The Phoenix Platinum processing project

  

 

        

Location

North-West Province (South Africa)

  

 

        

Status

Final feasibility

  

 

        

Holding Company

Phoenix Platinum Mining (Pty) Ltd

  

 

        

Controlling Company

Pan African Resources PLC (100% ownership)

  

 

        

Geological Setting

Current and historical Chrome tailings discards from chrome seam mining in the Bushveld Igneous Complex

  

 

        

Products Mined*

PGM 4E’s - Platinum (56.5%), Palladium (27%), Rhodium (16%) and Gold (0.5%)

  

 

        

Production Forecast

Tons Per Annum:

240,000t

  

Grade:

2.7g/t

Content Per Annum:

11,000oz (PGM 4E’s)

 

        

Estimated Plant Capex

£6 million

  

 

        

Extraction Method

Concentrator / flotation plant

  

 

        

LOM

17 years

  

 

        

Key Management

Operations Manager:

Ron Holding

  

Metallurgical Consultant:

Karishma Sewpersad

 

        

* Metal split anticipated from metallurgical test work

  

 

          

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