Tjate platinum project, South Africa
Name and Location
Tjate platinum project, eastern limb of the Bushveld Complex, South Africa.
Client
Tjate Platinum Corporation, in which Jubilee Platinum owns a 63% stake.
Project Description
The proposed project comprises three contiguous farms, totalling 51.43 km2 in the eastern Bushveld – Dsjate, Fernkloof and Quartz Hill. The farms are downdip of Impala Platinum's operating Marula platinum mine and Anglo Platinum's developing Twickenham platinum mine.
The project has been independently appraised to contain a potential net 70-million ounces of platinum-group metals and gold.
Tjate’s Merensky and upper group two platinum reefs targeted for initial mining lie between 600 m and 1 000 m below surface. The property’s reefs extend to depths greater than 1 600 m, offering significant potential to extend or expand production in future.
Value
Not stated.
Duration
A timeframe for the project has not been confirmed.
Latest Developments
South Africa’s Department of Mineral Resources (DMR) has accepted dual-listed Jubilee Platinum subsidiary Tjate Platinum Corporation’s mining right application for its 63%-owned Tjate platinum project.
Jubilee is consulting with the DMR regarding the timing of and deadlines for the submission of a scoping report and an environmental management programme to expedite site development.
On Budget and on Time?
Not stated.
Key Contracts and Suppliers
None stated.
Contact Details for Project Information
Jubilee Platinum, tel +44 20 7 584 2155, fax +44 20 7 589 7806 or email info@jubileeplatinum.com.
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