Garatau Project Mineral Resource Estimate

The Garatau Project area has an independently estimated total resource of 43.69 million ounces (Moz) of 3 PGE + Au (JORC Compliant). The De Kom property has an undrilled potential to contribute an additional 14 million mineable ounces to extend the life of mine at Garatau Project area considerably.

STATEMENT OF RESOURCES – 30 JUNE 2015

Garatouw 282KT
CATEGORY TONNES (M) REEF WIDTH (m) Pt (g/t) Pd (g/t) Au (g/t) Rh (g/t) 4E (g/t) 4E (Moz)**
MERESNKY REEF
MEASURED 26.420 2.31 2.06 1.00 0.23 0.12 3.41 2.90
INDICATED 46.440 2.20 1.94 0.94 0.22 0.11 3.20 4.78
INFERRED 31.874 2.17 1.88 0.89 0.21 0.11 3.10 3.17
Sub-Total 104.734 2.22 1.95 0.94 0.22 0.11 3.22 10.85
UG2
MEASURED 19.139 1.10 2.40 2.42 0.08 0.52 5.42 3.33
INDICATED 18.758 1.10 2.30 2.26 0.08 0.50 5.14 3.09
INFERRED 26.210 1.10 2.38 2.38 0.08 0.52 5.36 4.51
Sub-Total 64.107 1.10 2.36 2.36 0.08 0.51 5.31 10.93
Total 168.841 21.78

 

HOEPAKRANTZ 291KT
CATEGORY TONNES (M) REEF WIDTH (m) Pt (g/t) Pd (g/t) Au (g/t) Rh (g/t) 4E (g/t) 4E (Moz)**
MERESNKY REEF
INDICATED 72.787 2.31 1.54 0.72 0.18 0.09 2.53 5.92
INFERRED 42.138 2.31 1.60 0.77 0.20 0.09 2.66 3.60
Sub-Total 114.925 2.31 1.56 0.74 0.19 0.09 2.57 9.52
UG2
MEASURED 21.666 1.10 5.62 3.91
INFERRED 39.258 1.10 5.63 7.09
Sub-Total 60.924 1.1 11.00
Total 175.849 20.52

Note: No elemental splits for Hoepakrantz UG2.

 

De KOM 252KT
CATEGORY TONNES (M) REEF WIDTH (m) Pt (g/t) Pd (g/t) Au (g/t) Rh (g/t) 4E (g/t) 4E (Moz)**
MERESNKY REEF
INFERRED 4.834 1.20 2.01 0.97 0.25 0.10 3.33 0.52
Sub-Total 4.834 1.20 2.01 0.97 0.25 0.10 3.33 0.52
UG2
INFERRED 5.449 1.20 2.19 2.27 0.07 0.48 5.01 0.88
Sub-Total 5.449 1.20 2.19 2.27 0.07 0.48 5.01 0.88
Total 10.283 1.40

* The widths are intended mining widths, and the estimated resources are thus mineable resources, and not in situ resources.

** Geological loss of between 17% and 20% applied to tonnages for recoverable ounces – loss estimates are based on the few disturbances observed in borehole intersections and on geophysical observations.