Zinjin offer, page-2

From NKP ann report 2016-

The Garatouw project is a premium project with a total of ~21 Moz of Merensky reef resource, which is one of the largest remaining Merensky reef resource owned outside of the major platinum mining companies.

The Merensky reef is well sought after in the industry mainly because it is much easier to process metallurgically and in the Garatouw mining area it has the added advantage that it is wide, averaging 2.2 m, making it amenable to mechanized mining methods which are much cheaper compared to the traditional conventional narrow reef orebodies which have formed the backbone of traditional major platinum mining companies.


Further, it is well known that major players are abandoning narrow reef conventional mining in favour of exploiting the wide reef mechanized mines such as the Garatouw Merensky project supporting the premium nature of the Garatouw asset.

A technical feasibility and commercial viability of extracting these mineral resources has been demonstrated by the delivered definitive feasibility study. The Garatouw Project is ready to commence mining as the critical mining regulatory authorisations such as the Mining Right and Environmental Authorisations are all in place.