HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Tid Bits

Tid Bits

posted on Nov 20, 2009 01:26PM

I cut and pasted this from the Anglo Platinum web site. It's a recp of the ore estimates for the three main reefs of platinum producing mines in SA. There is a lot of information missing, such as size of the deposit (length, width, depth, etc.) and the cost of the mining is likely less due to depth (as little as 200 meters as I understand it) but I was particularly interested in the g/tn ratio (in yellow) for all three mines. These are producing deposits.

I'm not suggesting anything but would love to see some step out drilling that hits the same grades as the recent NR.

Just doing some reading and thought I would share.

Jeeper

Ore Reserves by reef The figures represent Anglo Platinum’s attributable interests.
Reef Category Reserves Grade 4E Contained 4E Contained 4E
million tonnes g/t tonnes million troy ounces
2008 2007 2008 2007 2008 2007 2008 2007
Merensky
Proved 88.6 88.7 5.28 5.22 467.4 462.6 15 14.9
Probable 129.4 117.2 5.21 5.11 674.1 598.5 21.7 19.2
Total 217.9 205.8 5.24 5.16 1,141.5 1,061.1 36.7 34.1
UG2
Proved 469.9 415.7 4.19 4.37 1,970.8 1,816.0 63.4 58.4
Probable 382.6 413.5 4.43 4.32 1,695.8 1,787.1 54.5 57.5
Total 852.5 829.2 4.30 4.35 3,666.6 3,603.1 117.9 115.8
Platreef
Proved 274.5 284.6 3.21 3.24 880.7 923.2 28.3 29.7
Probable 112.8 114 3.56 3.51 401.8 400.1 12.9 12.9
Total 387.3 398.6 3.39 3.38 1282.5 1323.3 41.2 42.6
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