At the core of Wesizwe’s operations

Online since 1.03.2017 • Filed under Advertorial • From Issue 5 - March 2017 - August 2017 page(s) 74
At the core of Wesizwe’s operations

Company profile

Wesizwe Platinum is a public company incorporated in the Republic of South Africa with its shares listed on the JSE Securities Exchange. Our intention is to enter into PGM mining in South Africa as the launch pad for growing into a significant multi-commodity mining company that sets new benchmarks for sustainable mining practices. The development of a new underground mine to access one of the last remaining sizeable and viable Merensky and UG2 Chromitite layer PGM ore bodies is our flagship project. The BPM site is home of our flagship project.

Wesizwe primarily focuses on the successful development of the Bakubung Platinum Mine

(BPM) and its surrounding community of Ledig. With 17 000 residents, Ledig lies directly north of the mine.

The project encompasses an underground mine that will comprise twin independent vertical shafts and a shorter third shaft. The main shaft will be for miners and materials, with a second shaft for ventilation. The third shaft is intended for support functions, added ventilation and as an escape route. The main shaft is intended to have a hoisting capacity of 250 000 tonnes of ore and 15 000 tonnes of waste per month. An initial 230 000 tonnes per month will be mined from the Merensky Reef, with 20 000tpm coming from the secondary Upper Group 2 (UG2) Reef.

After the Merensky Reef is depleted (between 10 to 15 years from the start of production), the full 265 000tpm will comprise UG2 ore only. The Merensky Reef and the UG2 ore will be mined through semi-mechanised or hybrid methods using conventional methods on the face and mechanised ore-handling and development.

Bakubung Platinum Mine

The BPM project site is situated directly adjacent to the western side of the Royal Bafokeng Platinum Styldrift project, and immediately north of Maseve’s Project 1, owned in partnership with Canadian group, Platinum Group Metals (PGM). These properties are all located on the western limb of the mineral-rich Bushveld Igneous Complex in the North West province of South Africa. The BPM will include an underground mine with a twin vertical shaft system – a main shaft and a ventilation shaft that will also function as the second escape route – and a process plant.

The Merensky Reef will be mined using conventional stoping methods, and the UG2 using semi-mechanised methods also known as hybrid methods. Crushing will be done underground from where the reefs will be separately conveyed to stockpiles at the concentrator plant. The concentrator design has emanated from the results of the test work conducted during the bankable feasibility study and is based on a standard PGM plant layout. Options for collaboration in developing a joint concentrator plant with neighbours, Maseve, are being investigated to exploit benefits from economies of scale and sharing capital infrastructure costs.

Wesizwe Platinum Limited

Wesizwe House, Devcon Park, 9 Autumn Road, Rivonia, Ext 3, 2191

T +27 011 994 4600

W www.wesizwe.com

Issue 5 - March 2017 - August 2017

Issue 5 - March 2017 - August 2017

This article was featured on page 74 of SABI Magazine Issue 5 - March 2017 - August 2017 .

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