For thousands of other reports visit RSC's Mineral Intellingence Map
Eastern Platinum Ltd.
Summary
| Project: | Crocodile River Mine | |
|---|---|---|
| Deposit: | Barplats Zandfontein | |
| Location: | South Africa | |
| Commodities: | Platinum-Palladium-Rhodium-Gold-Chromium | |
| Date: | 9/18/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Mine in Care & Maintenance | |
| Report details: | 18-9-2017: Eastern Platinum Ltd. announces a PEA report for its Barplats Zandfontein deposit at the Crocodile River Mine project. Economic analysis results incl. post-tax NPV of US$32.5M, IRR of 24%. Barplats Mines Limited (Barplats) engaged Sound Mining | |
| Resources: | (Reserve, P+P): 6.42Mt @ 22.38% Cr2O4 for 1.44Mt Cr2O3 contained in tailings | |
| CP/QP: | [Overall Report]: Vaughn Duke, Alan Page (Sound Mining Solution Pty Ltd..;SRK Consulting (South Africa) Pty Ltd.) | |
| ABSTRACT: | Barplats Mines Limited (Barplats) engaged Sound Mining Solution Pty Ltd (Sound Mining) to prepare an Independent Technical Report (ITR) on its plans to re-mine and retreat the Zandfontein Tailings Storage Facility (TSF) to recover chrome (the Project), which resulted from mining of the UG2 at the Crocodile River Mine (CRM). It is understood by Sound Mining that the ITR will be used by the parent company, Eastern Platinum Limited (Eastplats) and its wholly owned subsidiary Barplats, to meet the reporting requirements of the Canadian Securities Exchange. This ITR complies with Canadian National Instrument NI 43-101 (the Standards of Disclosure for Mineral Projects, NI 43-101F1 as well as the Mineral Resource and Mineral Reserve classifications adopted by the Canadian Institute for Mining (CIM). Site visits were undertaken to CRM by the Qualified Person (QP) and the technical specialists that assisted with the technical reviews during August 2017 and detailed discussions were held with CRM technical and management personnel on site. Sound Mining has based its reviews on information largely provided by Barplats. This information included a Mineral Resource Estimate for the TSF that was completed by SRK Consulting (SA) Pty Ltd (SRK). Neither Sound Mining, nor the authors of this ITR, have or have had previously, any material interest in Eastplats or the mineral properties in which Eastplats has an interest. Sound Mining’s relationship with Eastplats is solely one of professional association between client and independent consultant. This ITR is prepared in return for professional fees based upon agreed commercial rates and the payment of these fees is not contingent on the results of this ITR. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report