“Shaft sinking at the Afplats Leeuwkop project has been deferred for four years due to the prevailing depressed market outlook and associated cash constraints. During this period Afplats has undertaken to meet all Social and Labour Plan commitments

Afplats’ Leeuwkop Project and the adjacent prospecting right areas of Imbasa and Inkosi are located 10km west of Brits on the western limb of the Bushveld Complex as shown in the locality map adjacent.

Implats acquired its interest in the Afplats, Imbasa and Inkosi mineral rights through the acquisition of African Platinum Plc in 2007. Since the dissolution of African Platinum Plc, the Afplats, Imbasa/Inkosi prospecting rights are held by Implats together with joint venture partners. The ownership of Afplats comprising the farms Leeuwkop, Kareepoort and Wolvekraal, is jointly owned by Implats (74%) and the Bakwena community (Ba-Mogopa Platinum Investments (Pty) Limited, 26%). The remainder of the Imbasa/Inkosi interest is held by our BEE partner Pfula Investments (Pty) Ltd. The mineral resources of the three areas are therefore reported separately to reflect this ownership. The extent of the different areas is listed here together with Implats’ interest.