Styldrift II exploration

STYLDRIFT II PROJECT, WHICH LIES TO THE EAST OF STYLDRIFT I SHAFT, MAKES UP APPROXIMATELY 40% OF RBPLAT’S OVERALL MINERAL RESOURCE.

The size, grade, relatively shallow depth and unique Mineral Resource characteristics of Styldrift II ore body represent a significant investment opportunity for RBPlat and its shareholders.

The Mineral Resource currently comprises of 59Mt Merensky reef at an average 4E grade of 7.76g/t over a Mineral Resource width of 106cm, and 71Mt UG2 reef at an average 4E grade of 5.04g/t over a Mineral Resource width of 124cm. The Mineral Resource depth varies between 820mbs and 1 500mbs, with a consistent north-west strike and an average dip of 9⁰ towards to the north-east.

The Styldrift II project area is unique in that it is almost exclusively underlain by the Swartklip regional facies, resulting in less variability in the mineralised envelope width, improved lateral continuity and a lower potential of potholing and faulting when compared to the predominant Rustenburg regional facies found on Styldrift I shaft and at BRPM.

RBPlat embarked on a detailed study and exploration drilling programme in 2010 and 2011, which resulted in the approval of a pre-feasibility study for the Styldrift II project in 2015. To date, we have completed a total of 98 primary exploration drillholes, equating to 125 000m of diamond core drilling (including deflections), yielding 350 Merensky reef intersections and 307 UG2 reef intersections. A good correlation between actual intersections and geological modelling has been observed.