NKWE PROSPECTS Should the Roka-Phasha?s claims hold true,...

NKWE PROSPECTS

Should the Roka-Phasha?s claims hold true, Australia-listed Nkwe Platinum might be given some relief in terms of security of title over key prospecting rights.

Genorah reversed all its rights pertaining to five farms, including Nooitverwacht and Eerstegeluk, into Nkwe in return for a 60% interest in the firm in 2007.

The Roka-Phasha is seemingly favourably inclined to Genorah and Nkwe?s involvement on the farm.

?We have established a relationship with Genorah Resources over the past four years and they have shown unwavering support for our commiunity and displayed an interest in improving the quality of life of our community,? the statement read.

However, African Rainbow Minerals (ARM) and Anglo Platinum have also taken the award of prospecting rights to Genorah of the other three farms on review with the department of mineral resource, an ARM spokesperson told Miningmx earlier this month.

ARM and Anglo Platinum have argued that these farms are contiguous with ARM and AngloPlat?s Modikwa project, and form the natural deep-level extensions to the operations of that mine.

Nkwe has since suspended the trading of its shares on Australia?s stock exchange, pending an announcement on the claims.