As at 30 June 2007, Implats held a 20% equity interest in Aquarius South African subsidiary AQPSA. AQPSA owns and manages the group’s PGM assets in South Africa’s Bushveld Complex, namely Kroondal and Marikana on the western limb and Everest on the eastern limb. Kroondal and Marikana are subject to a Pool and Share Agreement (P&SA) with Anglo Platinum. This percentage interest is divorced from contractual toll smelting agreements with IRS, has offtake agreements with Kroondal (expires at the end of FY2008), Marikana and Everest. Implats also owns an 8.6% interest in Aquarius.
The annual Mineral Resource and Ore Reserve statement for AQPSA was not finalised in time for inclusion in this report. The summary tabulation of the Mineral Resources and Ore Reserves attributable to AQPSA as at 30 June 2006 is shown below:
| as at 30 June 2006 | ||||
|---|---|---|---|---|
| Orebody | Category | Channel tonnes (millions) |
Grade (g/t) 3PGE +Au |
Pt oz (millions) |
| Measured | 59.0 | 4.96 | 5.5 | |
| Indicated | 28.5 | 4.08 | 2.2 | |
| Inferred | 9.5 | 2.79 | 0.5 | |
| Total | 96.9 | 4.49 | 8.2 | |
| Exploration | Inferred | 542.0 | 5.04 | 52.5 |
| as at 30 June 2006 | ||||
|---|---|---|---|---|
| Orebody | Category | Mill tonnes (millions) |
Grade (g/t) 3PGE+Au |
Pt oz (millions) |
| Proved | 59.8 | 3.05 | 3.4 | |
| Probable | 18.0 | 3.22 | 1.1 | |
| Total | 77.8 | 3.09 | 4.5 | |
Impala Platinum Holdings Limited — Annual Report 2007