Dwaalkop joint venture

Dwaalkop is a 50:50 joint venture between Northam and Western Platinum (Lonmin) situated in Northern Limpopo.

Northam now owns a 50% interest in the Dwaalkop PGM joint venture along with Lonmin and community groups. Both UG2 and Merensky platinum reefs outcrop on these properties over a strike length of 4,500m and some 9Moz of PGM resource were defined by infill drilling to a depth of 1,000m.

Key facts and statistics
Ownership Wholly-owned by Northam Platinum Limited
Location Northern portion of the eastern limb of the Bushveld Complex near Zebediela in the Limpopo Province adjacent to Baobab Platinum Mine (BPM)
Access and infrastructure Existing infrastructure at BPM could be utilised to gain access to the Dwaalkop prospect
Reserve Total: 5.7Moz (3PGE+Au); Attributable*: 8.9Moz (3PGE+Au)
Resources Total: 17.8Moz (3PGE+Au); Attributable*: 2.9Moz (3PGE+Au)
Life of mine Exploration project at present
Project status Pre-feasibility completed in 2007; further feasibility study work being considered

* Attributable to Northam

Reserve and resource statement.


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