Wesizwe Platinum Limited

ABOUT US

OUR PROJECTS

Wesizwe’s core project is the Bakubung Platinum Mine (formerly known as the Frischgewaagd-Ledig project). BPM is located approximately 40 km North-West of the city of Rustenburg, and directly south of the Pilanesberg Alkaline Complex on the Western Limb of the Bushveld Complex. The mine falls within the jurisdiction of Bojanala Platinum District Municipality, as well as the Rustenburg and Moses Kotane Local Municipalities. The mine is located on portions of the farms Ledig 909 JQ and Frischgewaagd 96 JQ. The Elands River forms the southern boundary of the approved mining right area.

About Us

Wesizwe Platinum Limited is a public Company incorporated in the Republic of South Africa (RSA) with its shares listed on the Johannesburg Stock Exchange (JSE). Our intention is to enter into Platinum Group Metals (PGM) mining in South Africa as the launch pad for growing into a significant multi-commodity mining Company that sets new benchmarks for sustainable mining practices.
The development of our new Bakubung Platinum Mine (BPM) has the sole purpose to access one of the last remaining sizeable and viable Merensky and Upper Group 2 (UG2) Chromitite layer PGM ore bodies, and the timing and positioning of this development project could not be better placed to maximize value for all its current and future stakeholders.

OUR VISION

Our vision is to grow into a significant multi-commodity mining company, focusing on strategic metals with sound fundamentals for sustainable demand.

OUR VALUES

Through Wesizwe’s employee engagement and associated communications campaigns, the company looks to engage every individual to live the following values:

• Zero harm to people and the environment
• Ethical behaviour based on integrity and honesty
• Ownership, accountability and responsibility
• Dignity, respect and fairness
• Trust, openness and transparency
• Respecting diversity and inclusion
• Perseverance and tenacity
• Caring

OUR STRATEGY

Wesizwe focuses on high-value PGM and strategic metals that will have long-term demand and will enable the group to grow into a sustainable mid-tier mining house. Our anchor project is the Bakubung Platinum Mine, with an expected Life of Mine (LOM) of 30 years.
Our Chinese consortium shareholder, Jinchuan Mining and China-Africa Development Fund, and the presence of experienced Chinese mining professionals in the positions of deputy chairman, CEO, finance director and non-executive directors on the board are highly influential in developing our strategy.

ABOUT JINCHUAN

Jinchuan is the world’s third largest cobalt manufacturing enterprise and third largest nickel manufacturer. It is also Asia’s first largest platinum manufacturer and China’s third largest copper producer, As the Chinese leader in the production of platinum, cobalt and nickel, it has much experience and knowledge to share particularly because nickel mining in practice is similar to that of platinum mining. Jinchuan therefore adds its vast mining expertise and local mining skills to our Board, inclusive of providing specialist mining support from its China operations.
www.jnmc.com

Bakubung Platinum Mine

Wesizwe’s core project is the Bakubung Platinum Mine (formerly known as the Frischgewaagd-Ledig project). The property consists of various portions of the farm Frischgewaagd 96 JQ and Ledig 909 JQ. These two farms are located directly south of the Pilanesberg complex.

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Processing Plant

The concentrator plant will be constructed in two phases as Module 1 and Module 2. Module 1 was designed to process one million tonnes per annum (Mtpa) and Module 2 designed to process an additional 2 Mtpa.

The concentrator plant is a normal MF2 circuit and is designed to treat both Merensky and UG2 reefs from underground. Prior to milling the ore is crushed and stored in the silos. Crushing involves 3 stages of crushing namely; primary, secondary and tertiary crushing.

The concentrate produced will consist of the following Platinum Group Metals i.e. Platinum, Palladium, Rhodium and Gold. It will also have the following base metals: Nickel, Cobalt and Copper.

Module 1 has been constructed and commissioned and are currently dealing with the teething and operational issues in order to ramp up to 83ktpm. This ramp up will be done from the 500000t reef stock pile that was accumulated since the first reef intersection in May 2019.

Based on the current LOM, the commissioning of Module 2 is planned during 2029. This strategy was adopted to meet the production ramp-up, maximise cash-flow and reduce the initial capital expenditure exposure. The construction of the main tailings storage facility was also delayed, aligned with the commissioning of Module 2. The two modules share the crusher plant with the requisite equipment added once Module 2 is commissioned. Infrastructure and ancillary equipment will be shared between the two standalone milling and flotation plants. Tailings from Module 1 will be filtered and mechanically deposited on the tailings storage facility located close to the concentrator plant. The tailings storage facility for Module 2 will be a conventional facility with thickened slurry pumped approximately 5 km from the plant location.