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Platfields Limited
Company Announcement: Targeting R200 million to fast-track project exploration: JSE main board listing set for 14 December 2010
 
6th December 2010
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Attached please find a press release on: Precious metals exploration, development and mining junior Platfields Limited (Platfields) will list on the main board of the Johannesburg Stock Exchange (JSE), in the ‘Platinum and Precious Metals’ sector on Tuesday, 14 December 2010.

Platfields CEO Bongani Mbindwane says that pivotal to the listing, is the creation of a platform to raise some R200 million to advance Platfields’ three South African exploration projects. Key amongst these is the “open pittable” Liger Project, which the company is fast-tracking, as it holds the potential to be brought into production swiftly. The project covers approximately 1,100 hectares (ha) comprising two contiguous new order prospecting rights. The current inferred resource is 1.5 million ounces (Moz) of PGMs and additional drilling is targeting a further 6Moz.

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