The company clarified statement with respect to a resource statement for the Merensky Reef on the property. The resource estimate of an Indicated Resource of 96,500,000 tonnes at 3.88 g/t. and an Inferred Resource of 67,300,000 tonnes at 3.44 g/. made in 2003 by Impala Platinum Ltd. was not supported by a NI43-101 technical report. And, in a revised NI 43-101 technical report RSG Global stated that until such time as a re-estimate and/or audit, or verification of the estimate is conducted, the stated resource in the Merensky area should not be included in the project resource statement.
April 16, 2007
Reported that the bulk of the resource in the property is deep (1000 m+) and any mine development at the project will require access through deep shaft of more than 1,000 metres. The company is considering a separate trial mine at this project.
March 31, 2007
A study has been commissioned to establish the cost of reopening one of the vertical shafts in order to gain access for trial mining and to fully evaluate the economic potential of the project. The final reinterpretation of the seismic study has been received and provided improved definition over previous work.
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