📋 Tender Overview
Location : On the Northern Limb of the Bushveld Complex, in South Africa.
Project Owner/s : Sylvania Platinum.
Volspruit North has measured and indicated resources of 14.87-million tonnes at 2E (platinum and palladium) + gold grading at 2.27 g/t for 1.08 million 2E + gold ounces; 19.47-million pounds of copper grading at 0.06%; and 55.79-million pounds of nickel grading at 0.18%. This valuation excludes potential upside from the contribution of rhodium and South Body PGM ounce inclusion, which are being evaluated.
The project’s scoping study envisages steady-state mining production supplying the mills with a capacity of 150 000 t a month at an average feed grade of 2.13 g/t 2E+gold, 0.06% copper and 0.17% nickel. The mine plan comprises 15.7-million run-of-mine (RoM) tonnes at a strip ratio of 6.67 t RoM for the North Pit.
Net Present Value/Internal Rate of Return
The project has a pretax net present value, at a 12.5% discount rate, of R464-million, excluding significant potential upside from rhodium contribution and the South Body PGM ounce inclusion being assessed. The project has a pretax net present value of 17.9%, with a payback of 4.25 years from first production.
