Business
Chrome Ore & PGM Treatment Joint Venture Agreement
Chrome Ore & PGM Treatment Joint Venture Agreement.
About this update from Sylvania Platinum Ltd.
[{"type":"text","content":"\n\n \n \n \n \n _____________________________________________________________________________________________________________________________\n \n9 August 2023\n \n \nSylvania Platinum Limited\n (\"Sylvania\", the \"Company\" or the \"Group\")\n \nChrome Ore and PGM Treatment Joint Venture Agreement\n \n \nSylvania (AIM: SLP), the platinum group metals (\"PGM\") producer and developer, with assets in South Africa, is pleased to announce that its wholly owned South African subsidiary, Sylvania Metals (Pty) Limited (\"Sylvania Metals\"), has entered into an unincorporated Joint Venture Agreement (\"JV\") with Limberg Mining Company (Pty) Limited (\"LMC\"), a subsidiary of ChromTech Mining Company (Pty) Limited (\"ChromTech\"). The JV will process PGM and chrome ores from historical tailings dumps and current arisings (\"Mining Area\") from the Limberg Chrome Mine, located on the northern part of the Western Limb of the Bushveld Complex, South Africa. The JV will trade and operate under the name Thaba Joint Venture (\"Thaba JV\").\n \nThe Thaba JV represents a major step in delivery of Sylvania's growth strategy and is a significant step forward for Sylvania Metals in expanding its operations and leveraging its expertise in the recovery of chrome and PGM concentrates, adding attributable production of approximately 6,500 4E PGM ounces ...