Royal Bafokeng Platinum Limited 3

Royal Bafokeng Platinum (RBPlat) is a mid-tier platinum group metals producer. RBPlat is listed on the JSE.1

RBPlat has operated the Bafokeng Rasimone Platinum Mine (BRPM), a joint venture with Anglo American Platinum, since January 2010.2 In addition to the BRPM, RBPlat’s operations consist of the Styldrift I project and the BRPM Concentrator complex. RBPlat has also completed a pre-feasibility study on its Styldrift II exploration project to the east of its current Styldrift I project.3

Operations

Bafokeng Rasimone Platinum Mine (BRPM)4

  • Ownership structure: BRPM is a 67:33 JV between Royal Bafokeng Platinum and Rustenburg Platinum Mines (subsidiary of Amplats).
  • Location: 25km north of the town of Rustenburg in the North West province.
  • Type of mine: Conventional breast stoping with strike pillars, with an operating depth for current workings of 50m to 500m below surface.
  • Current status: Operational.
  • Size: Mining right covers 87km2.
  • Life of mine: Approximately 60 years (since 2002).5

Styldrift 1

  • Location: Styldrift and Frischgewaagd farms in the Rustenburg area, in the North West province.
  • Type of mine: Underground mine.
  • Current status: Operational.
  • Size: No publicly available information on the size of the mining right.
  • Life of mine: 27 years.6