Name of the Project
Booysendal South platinum mine project.

Location
The project is located about 35 km from Mashishing, straddling the border of Limpopo and Mpumalanga, in South Africa.

Client
Northam Platinum.

Project Description
Booysendal South will incorporate the infrastructure of Aquarius Platinum’s former Everest mine, which Northam acquired in June 2015.

Infrastructure includes a 250 000 t/m concentrator, underground access and equipment, as well as tailings storage.

The proposed project has been divided into two upper group two, bord-and-pillar mining modules – Booysendal South 1 and Booysendal South 2 – which will be accessed from one portal complex, reducing its environmental impact and capital requirements; and a Merensky reef mine similar to that at Booysendal North. Northam will install an aerial wheel-on-rope conveyor system, known as Ropecon, to deliver ore from the central portal complex to a concentrator 4.9 km away.

Steady-state production is estimated at 260 000 t/m.

Jobs to Be Created
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Value
The project has a capital allocation of R4.2-billion over a six-year period.

Capital spend until the end of December amounted to R160.2-million.

Duration
The project is expected to reach steady state in 2022.

Latest Developments
The first blast for the boxcut at Booysendal South was completed in early 2017 and the mining contractor is readying to move onto site to start excavating the portals.

The build programme is progressing well, with the central boxcut now 80% complete, along with the construction of the north access road, which is 85% complete. The south access road is in progress while work on the Ropecon construction is on schedule.

Work is continuing on the preparation of the environmental permitting process.

Key Contracts and Suppliers
Doppelmayr Transport Technology (wheel-on-rope conveyor system) and Murray & Roberts Cementation (Phase 1 contract for the establishment of the Booysendal South central complex).

On Budget and on Time?
The project is ongoing.

Contact Details for Project Information
North Platinum media and investor relations, Russell & Associates, tel +27 11 880 3924, or email info@endeavourmining.com.