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As a result of the completion of the Bokoni Transaction on 1 July 2009, Atlatsa effectively owns 51% of the Ga-Phasha Project.

Atlatsa and Anglo Platinum reviewed the mineral interest between April and October 2006. Several approaches were considered to optimize mining of the deposits at the Ga-Phasha Project. The review confirmed that the UG2 deposit would remain the primary focus for development, and the Merensky deposit warrants further study through additional drilling. Atlatsa intends advancing the Ga-Phasha prefeasibility study in 2010 to incorporate synergistic opportunities between the Ga-Phasha and the Bokoni mine.

Atlatsa is currently investigating opportunities to mine the Merensky Reef at Ga-Phasha using the adjacent Brakfontein infrastructure. Investigation thus far indicate encouraging results and the mining operation at the Bokoni mine may be extended through the Brakfontein haulages on 4 levels into the Klipfontein (one of the Ga-Phasha farms) lease area. Ga-Phasha lies immediately adjacent to and south of Bokoni's new Brakfontein shaft system.

The property has measured and indicated mineral resources of some 25.7Moz 4E and inferred mineral resources of 64.7Moz 4E. Studies are currently underway to assess potential synergies between Bokoni and Ga-Phasha.

Topographical map showing Bokoni and Ga-Phasha