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Boikgantsho

Located on the northern limb of the Bushveld Complex, and adjacent to Anglo Platinum’s Mogalakwena Mine, this project was acquired through a land acquisition by Atlatsa in 2000 and a joint venture with Anglo Platinum in 2004. Historically, significant exploration drilling has been conducted at the project site which has led to the estimate of significant Mineral Resources in the indicated and inferred categories. Though the preliminary economic assessment was done in 2005; the results of this work showed that the project warrants further investigation. Atlatsa intends embarking on a pre-feasibility study with a view to increase the inherent value of the Boikgantsho Project. On completion of the pre-feasibility undertaken by the company, a decision will be made on the further development of the project.

Initial drilling has produced indicated mineral resources of 7.7Moz (3E), 230,000t of nickel and inferred resources of 4.1Moz 3E, 75,000t of nickel. A pre-feasibility study is underway, and initial assessments point to an open-pit operation with a 32-year life-of-mine at 400,000tpm with a low strip ratio of 1,7:1.