Platmin
Platmin (PPN:TSX, AIM) is incorporated in Canada as a mineral exploration company focused on the exploration and development platinum group metal (PGM) deposits in South Africa. Platmin is admitted to trading on the AIM Market of the London Stock Exchange Plc and the TSX.
Platmin aims to be a significant producer of PGMs through the development and operation of four key projects in South Africaís renowned Bushveld Complex - Pilanesberg, MíPhatlele, Grootboom and Loskop.
The potent combination of Platmin's experienced team and its high-quality PGM projects, which present near-term production, development and growth potential, position the company to become an important independent producer of PGMs over the next few years.
Platmin fast tracks Mphahlele feasibility study
Platmin Ltd (TSX & AIM: PPN) announced that a definitive feasibility study for the Mphahlele platinum project is being fast tracked for completion during the third quarter of calendar 2008.
The decision follows notification that the mining right application over the Mphahlele property had been accepted, and also receiving a letter from SRK Consulting recommending that the project be progressed to the next phase.
It is expected that the final mining right for the Mphahlele project will be granted by the end of 2008. A temporary power supply application accepted by Eskom and a permanent power supply application has been lodged with Eskom.
Mr. Ian Watson, Platmin's CEO, said:
“Entering the full feasibility study phase on Mphahlele moves Platmin toward its goal of producing in excess of a combined 500,000 oz of PGMs of production from its two major projects, Mphahlele and Pilanesberg (currentlybeing developed). The first 250,000 oz of PGMs from Platmin's Pilanesberg project is on track to commence production in the first calendar quarter of 2009”
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Other Platmin articles
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16/12/08 Re-jigged finances administer the kiss of life to Platmin
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26/03/08 Platmin’s labour pains begin!
Other Platmin news
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11/11/08 Platmin names Minopex treatment plant manager for Pilanesberg open-cast project
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07/05/08 Platmin secures power supply for PGM mine
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19/02/08 Platmin secures mining right for Pilanesberg
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22/01/08 Platmin appoints Manager of Mining