Tharisa is an integrated resource group engaged in exploration, mining, processing, and the beneficiation, marketing, sales and logistics of platinum group metals (PGMs) and chrome concentrates.
The Group has set a near-term production target of 200 koz of PGMs and 2.0 Mt of chrome concentrates.
The Mineral Resource and Mineral Reserve of Tharisa Minerals was prepared under the guidance of the Competent Person (‘CP’) in accordance with the requirements of the South African Code for the Reporting of Exploration Results, Mineral Resources and Mineral Reserves, 2016 (‘SAMREC Code’).
The estimates are as of 30 September 2021. The previous declaration of the Mineral Resource and Mineral Reserve was dated September 2020. The current Mineral Resource declaration relies on the geological model and Mineral Resource model of April 2021 for the Middle Group (‘MG’) Chromitite Layers, the Upper Group (‘UG’) 1 Chromitite Layer, the end of Aug FY2021 mining face and one month forecast from the production schedule. The Mineral Reserve declaration is based on the latest pit design and LOM schedule.
The Tharisa Mine is located 35 km east of Rustenburg and 120 km northwest of Johannesburg in the North West Province of South Africa.
Mining rights summary
Tharisa Minerals holds a mining right, granted by the Department of Mineral Resources and Energy (‘DMRE’) (then the Department of Minerals and Energy (‘DME’) in terms of MPRDA on 19 September 2008, for a period of 30 years, to various portions of the farm 342 JQ and the whole of the farm Rooikoppies 297 JQ. On 13 August 2009, the mining right was registered in the Mining and Petroleum Titles Registration Office, under Reference No 49/2009(MR). In July 2011, an application was granted in terms of section 102 of the MPRDA, to amend the existing mining right by the addition of Portions 96, 183 and 286 of the property 342 JQ to the mining right 49/2009(MR).