“Atlatsa controls one of the last remaining significant high-quality PGM resources in South Africa.”
Atlatsa Resources Corporation (Atlatsa) is a black economic empowerment (BEE) platinum group metals (PGM) producing and exploration company. Its assets are located on the Bushveld Igneous Complex (BIC) of South Africa. The BIC is the world’s largest platinum deposit and produces in excess of 75% of global platinum supply.
The BIC comprises the Western, Eastern and Northern Limbs and hosts numerous PGM mines and prospects, mainly within the Merensky, UG2 and Platreef mineralised reef horizons. Atlatsa operates Bokoni Platinum Mine, a four-shaft mine complex, currently producing 170,000 PGM ounces annually. Bokoni is a large, high-quality and long-life orebody with a resource base of 154 million PGM ounces and an estimated life-of-mine in excess of 95 years. The mine is currently in ramp-up phase with two new generation, cost-effective decline shaft systems replacing two ageing shaft systems.
Bokoni also has an open cast Merensky mine operation, which supplements its underground production to ensure that mill capacity is filled during the new generation shaft complex rampup phase.
Atlatsa has a primary listing on the Toronto Stock Exchange (TSX: ATL), and secondary listing on the JSE Limited (JSE: ATL).