There has been no material change to the economic cut-off methodology or process. The application of the updated pricing assumptions has removed lower quality material from the Ore Reserve estimate. There has been no material change to the other reserve modifying factors, including: governmental, tenure, environmental, cultural heritage, social, community or operational. Meanwhile, RTA Pacific Operations Mineral Resources exclusive of Ore Reserves estimates have increased. Mineral Resources exclusive of Ore Reserves has increased by 128 Mt, from 1,949 Mt to 2,077 Mt, the statement to the ASX said. This includes 1,330 Mt of Inferred Resource at North of Weipa, which remains unchanged from 2019. The increase was mainly due to changes in the forecast pricing assumptions used in the reserving process.
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Home » Internet » Sibanye-Stillwater Mineral Resources and Mineral Reserves declaration as at 31 December 2020
Sibanye-Stillwater Mineral Resources and Mineral Reserves declaration as at 31 December 2020 Posted by PublisherInternet Monday, 15. February 2021
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Sibanye-Stillwater (Tickers JSE: SSW and NYSE: SBSW – https://www.commodity-tv.com/ondemand/companies/profil/sibanye-stillwater-ltd/) is pleased to report attributable Group Mineral Resources and Mineral Reserves as at 31 December 2020.
Salient features
? A 40% increase in 4E Platinum group metals (PGM) Mineral Reserves at the SA PGM operations to 39.5M 4Eoz, primarily due to the inclusion of the Marikana K4 project (12.7 M 4Eoz) and the Klipfontein opencast project (0.1M 4Eoz) following detailed feasibility studies.
? A 7% (5.8Moz) increase in 2E PGM Mineral Resources, with additional Mineral Reserves of 0.8M 2E PGM ounces defined at East Boulder Mine replacing combined depletion of 0.7M 2Eoz during 2020. Combined st