A drilling program and re-evaluation of existing drill data has allowed Platmin (PPN-T, PPN-L) to increase the indicated resource at the Grootboom platinum-group-element project in the Bushveld region of South Africa.
The new resource figure, calculated by consulting firm RSG Global, shows 17.7 million tonnes grading 2.39 grams platinum, 1.74 grams palladium, 0.41 gram rhodium and 0.04 gram gold per tonne on Grootboom, including resources on the adjoining Annex property. Platmin has an agreement for an option to purchase mineral rights on the Annex property from BHP Billiton (BHP-N, BLT-L, BHP-A).
Platmin is now moving to a feasibility study on the project.
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