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Atlatsa Resources Corp.
Summary
| Project: | Bokoni | |
|---|---|---|
| Deposit: | Merensky, UG2 Reefs | |
| Location: | South Africa | |
| Commodities: | PGM-Gold-Copper-Nickel | |
| Date: | 3/29/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine in Care & Maintenance | |
| Report details: | 29-3-2018: Atlatsa Resources Corp. announces a Resource Estimation report for its Merensky, UG2 Reefs deposit at the Bokoni project. Mineral resource estimate for Merensky and UG2 Reefs at Bokoni Platinum Mine. ExplorMine Consultants was commissioned by A | |
| Resources: | ||
| CP/QP: | [Resources]: William Northrop, Andre Deiss, Garth Mitchell (ExplorMine Consultants) | |
| ABSTRACT: | ExplorMine Consultants was commissioned by Atlatsa Resources Corporation (“Atlatsa”) to complete a National Instrument 43-101 Technical Report following the principles of the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) Definition Standards on Mineral Resources and Mineral Reserves (“CIM Definition Standards”), in support of obligations in terms of Canadian Securities Regulatory Authorities. On February 2, 2012 Atlatsa Resources and Anglo American Platinum Limited (“Amplats”) announced an agreement (“Transaction”) to refinance Atlatsa, restructure and recapitalise the Bokoni Mining Operations (“Bokoni”). A new strategic plan for Bokoni resulting in the disposal of undeveloped platinum group metals ounces to Amplats, recapitalisation and refinancing of Atlatsa and Bokoni, together with accelerated production growth at Bokoni Platinum Mine. As a consequence of this Transaction, Bokoni Mine as referred to in this Report includes the properties Klipfontein and Avoca (“Ga-Phasha West”), which were previously incorporated in the Ga-Phasha Project. On the 21st of July 2017 Atlatsa entered into a letter agreement with Amplats, which details a two-phased transaction, in terms of which Atlatsa will implement a Care and Maintenance strategy for the Bokoni Mine and a financial restructure plan for itself and its subsidiaries. This will be conditional on Amplats acquiring and including into its adjacent mining rights the resources specified in the Central Block and Kwanda North prospecting rights. The subject of the Technical Report is the Mineral Resource Estimate for the Merensky and UG2 Reefs at the Bokoni Platinum Mine, Limpopo Province, Republic of South Africa. The Mineral Resource estimation is based on historic drillhole and mining (chip sampling) data collected since the 1960s to present. | |
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