Name of the Project
Marula Phase 2 life-of-mine (LoM) extension.

Location
Eastern limb of the Bushveld Complex, in Limpopo, South Africa.

Project Owner/s
Marula is 73% owned by Impala Platinum (Implats).

Project Description
Marula comprises two decline shaft systems and a concentrator plant. The mine’s concentrate is processed by Impala Refining Services.

The project will extend the life of the Marula mine by 15 years to the 2045 financial year, with an increase of about 20% in milling capacity to 2.4-million tonnes a year.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
R5.1-billion over six years.

Planned Start/End Date
The project to expand and extend Marula’s LoM started in 2022. Steady-state production is expected in the 2028 financial year.

Latest Developments
Zimplats has slowed down the Phase 2 life-of-mine extension project.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Impala Platinum, tel +27 11 731 9000 or email investor@implats.co.za.