| Risk and valuation analysis of the SMOKEY HILLS Project |
| Status Risk : Mine development |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Title(s) of the SMOKEY HILLS Project |
 | Platinum Australia Ltd
Owner: 80% |
 | | | | |
| Title | Company Profile | All Projects | Company website | Company project page |
|
| PLA signed a formal Sale Agreement with Smokey Hills Platinum (Pty) Ltd ("SHP") to acquire up to 80% of the Project through the staged acquisition of 100% of SHP in May 2004, with the balance being held 5% by the local community and 15% by Corridor Mining Resources, a company owned by the Limpopo Provincial Government. This acquisition was completed in January 2007. |
|
|
|
| Location of the SMOKEY HILLS Project |
|
The Smokey Hills Project is located on the eastern limb of the Bushveld Complex in the Limpopo Province, 300 kilometres north of Johannesburg.
|
| |
| History of the SMOKEY HILLS Project |
|
PLA commenced a resource definition drilling program on the project in July 2005 and a BFS with GRD Minproc as the Lead Engineer in October 2005.
|
| |
| Geology of the SMOKEY HILLS Project |
|
|
Smokey Hills is situated in the Critical Zone of the Eastern Limb of the Bushveld Igneous Complex (BIC), Figure 1. The Critical Zone is divided into Upper and Lower Sub zones; with the Upper Critical Zone comprising mainly norite, gabbronorite, anort more...
|
| |
|
|
