Tharisa is an integrated resource group critical to the energy transition and decarbonisation of economies. It incorporates mining, processing, exploration, and the beneficiation, marketing, sales, and logistics of PGMs and chrome concentrates, using innovation and technology as enablers.
To generate value by becoming a globally significant low-cost producer of strategic commodities that are required to deliver a sustainable future
The Mineral Resource and Mineral Reserve of Tharisa Minerals was prepared under the guidance of the Competent Persons’ (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 2022. The previous declaration of the Mineral Resource and Mineral Reserve was dated September 2021. 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 and the end of Sep FY2022 mining faces. 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. The Tharisa Mine is a mechanised open-pit operation.
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). Such amendment was executed on 11 July 2011 and duly registered in the Mining and Petroleum Titles Registration Office.
The Mineral Resource and Mineral Reserve of Karo Platinum was prepared under the guidance of the Competent Persons’ (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 2022. The previous declaration of the Mineral Resource was for the Karo Project was by Zimplats (2017). The current Mineral Resource declaration relies on the geological model and Mineral Resource model of March 2022 for the Main Sulphide Zone (“MSZ”) of the Great Dyke.
The Karo Project on the Great Dyke is located south of the Zimplats Selous Metallurgical Plant and north of the Zimplats Ngezi operations. It is approximately 80 km southwest of Harare and 35 km southeast of Chegutu and is accessible by tar road from Harare (Figure 1). The closest railway line is approximately 22 km direct distance from the project site.
Mining rights summary
Karo Zimbabwe was incorporated as a wholly owned subsidiary of KMH and acquired the Karo Project concession area measuring 23 903 ha under its now 85% owned subsidiary Karo Platinum. In March 2018, Karo Platinum was granted the right to mine for five years pursuant to a Special Grant issued on 8 June 2018. Subsequently the Special Grant was superseded by a Mining Lease over the same concession area for the life of mine. The Mining Lease was issued on 12 March 2021.