Wesizwe Platinum Limited (JSE:WEZ)
Wesizwe Platinum Limited (JSE:WEZ) is a mining company whose intention is to enter into Platinum Group Metals (PGM) mining in South Africa as the launch pad for growing into a significant multi-commodity mining company that sets new benchmarks for sustainable mining practices.
The development of the company's Bakubung Platinum Mine (BPM) has the sole purpose to access one of the last remaining sizeable and viable Merensky and Upper Group 2 (UG2) Chromitite layer PGM ore bodies.
The mine access is through twin vertical shafts system and 6 m raise bore ventilation holes to 72 level (72L). The 6 m raise bore holes are for up-cast ventilation purposes. The third shaft is intended for support functions, added ventilation and as an escape route. The main shaft is intended to have a hoisting capacity of 255 000 tpm of ore and 15 000 tpm of waste per month. An initial 230 000 tpm will be mined from the MR, with 20 000 tpm coming from the secondary UG2 Reef. After the MR is depleted (between 10 to 15 years from the start of production), the full 255 000 tpm will comprise UG2 ore only.
The MR and the UG2 ore will be mined through semi-mechanised or hybrid methods using conventional methods on the face and mechanised ore-handling and development.