Not interest you say. May be I'm reading the ASX releases wrong.
19 Sept 07
Australian platinum company Nkwe Platinum Limited (?Nkwe? or ?the company?)
has signed an Option Agreement with Genorah Resources (Pty) Ltd (?Genorah?),
its black controlled South African partner, to acquire a 59% interest in the
prospecting rights to three platinum group metal (?PGM?) farms on the Eastern
limb of the Bushveld Complex (refer Location Map).
The signing of this agreement will consolidate Nkwe?s position in the Eastern limb
of the Bushveld Complex, regarded as the world?s premier platinum group metal
producing region.
The farms the subject of the agreement are Hoepakrantz 291KT, Nooitverwacht 324KT and Eerste Geluk 327KT, which are contiguous with the Company?s existing farms De Kom and Garatouw. The acquisition of a significant stake in
these new Farms consolidates the Company?s land holding in this highly prospective zone, which is located down dip to the adjacent Anglo Platinum?s
Modikwa and Implat?s Marula Platinum mines, and contains a strike length of about
30 km.
22 Oct 07. with drill updates.
More than 13,000 metres of core has been drilled on Eerste Geluk (>7,400m) and
Nooitverwacht (>5,600m). These metres represent 13 completed holes, 9 holes in progress and 46 deflections
27 Nov 07 Ann report.
PROJECT ACQUISITION ? HOEPAKRANTZ, NOOITVERWACHT AND EERSTE GELUK
Subsequent to the end of the financial year, the Board of Nkwe announced that it had entered into an Option
Agreement with BEE Company, Genorah Resources (Pty) Ltd, to acquire a 59% interest in the prospecting
rights to three platinum group metal farms on the Eastern limb of the Bushveld Complex.
The farms that are the subject of the agreement are Hoepakrantz 291KT, Nooitverwacht 324KT and Eerste
Geluk 327KT, which are contiguous with the Company?s existing farms De Kom and Garatouw, which were
acquired under a separate transaction (refer Note 7). The acquisition of a significant stake in these new
Farms consolidates the Company?s land holding in this highly prospective zone, which is located down dip
to the adjacent Anglo Platinum?s Modikwa and Implat?s Marula Platinum mines, and contains a strike length
of about 30 km, as shown in the diagram below.
31 Oct 07 Cash flow report.
Nkwe enters into 18 mnth option agreement to acquire a 59%
interest on the three Genorah Platinum farms, Eerste Geluk,
Nooitverwacht and Hoepakrantz. The farms are adjacent to Nkwe?s
existing farms, De Kom and Garatouw;
The South African Department of Minerals and Energy confirmed
that Genorah holds a valid prospecting right over the five farms: De
Kom, Garatouw, Hoepakrantz, Eerste Geluk and Nooitverwacht.
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