运营和项目

Phase 1 & 2 Feasibility Study

The study outlines Phase 1 production from Q4 2025, followed by the Phase 2 expansion 2 years later in Q4 2027. Phase 2 delivers, as outlined in the 4.1 Mtpa FS, a near five-fold increase in platinum, palladium, nickel, rhodium, and gold production to over 460,000 oz. of 3PE+Au, plus approximately 9,000 tonnes of nickel and 6,000 tonnes of copper. The 4.1 Mtpa FS generates a net present value (NPV8%) of $1.4 billion and an internal rate of return (IRR) of 20%, at consensus long-term metal prices.

The Largest Undeveloped Precious Metals Deposits

Platreef is one of the largest undeveloped precious metals deposits globally, with 56 million oz in platinum equivalent Indicated Mineral Resources and 74 Moz in platinum equivalent Inferred Mineral Resources, at a 2.0 g/t 3PE+Au cut-off. Platreef is also one of the world’s largest undeveloped nickel sulphide resources.

2025 Preliminary Economic Assessment (PEA)

The 10.7 Mtpa PEA considers the Phase 3 expansion once the major Shaft #2 is available for hoisting in 2029. This expansion further doubles the annualized platinum, palladium, rhodium, and gold production to over 1 million ounces of 3PE+Au, plus approximately 22,000 tonnes of nickel and 13,000 tonnes of copper. The 10.7 Mtpa PEA is expected to rank Platreef as one of the world’s largest primary platinum group metal producers on a platinum-equivalent basis.