The Platreef PGM and base metals project in Limpopo, South Africa, is gearing up to become one of the world’s largest and lowest-cost PGM producers following the successful conclusion of two studies.
Ivanhoe Mines reports that a feasibility study for a second phase expansion of the mine envisages improving output to 4.1 million tons a year (Mtpa) by 2027. The phase 2 expansion project is expected to start towards the end of 2025.
In addition, according to a preliminary economic assessment, an anticipated third phase – pencilled in for Q4:2027 – will see production rise to 10.7 Mtpa, reports Mining Review.
Part of Platreef’s profitability stems from an orebody that contains high-grade nickel and copper deposits, which can be mined as payable by-products.
In addition, its broad orebody facilitates safe, mechanised and cost-effective bulk mining methods.
‘With over 38-million ounces of precious metal on a gold-equivalent basis, Platreef is one of the largest precious metals projects under development on our planet. The project also contains one of the largest nickel-sulphide systems in the world,’ says Ivanhoe co-chair Robert Friedland.
