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Resources & Reserves

Resources Reserves

Exploration

The Mineral Resources and Mineral Reserves of the Implats group reflect the company’s growth opportunities.  We are committed to:

  • Safe production and ensuring that this is the first principle underpinning all Mineral Reserve estimates
  • Optimal exploitation of current assets, together with growth of the Mineral Resource base by leveraging and optimising existing Implats properties, exploration and acquisitions; including alliances and equity interests with third parties
  • The legislative regime that governs mineral rights ownership
 

Resource and Reserves

  Mineral Resource and Mineral Reserve Statement 2010

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View Mineral Resource and Mineral Reserve Statement in our integrated annual report to our stakeholders for this financial year.  
   
 
  • The transparent, responsible disclosure of Mineral Resources and Mineral Reserves in line with the prescribed codes, SAMREC and JORC, giving due cognisance to materiality and competency
  • Consistency in the style of reporting and that our public reports can be reconciled with previous declarations

 

Salient features 2010

Main features relating to Implats’ Mineral Resources and Mineral Reserves as at 30 June 2010 relative to 30 June 2009 are:

Estimated total attributable Mineral Resources decreased by 2% to 225 million platinum ounces from 230 million platinum ounces

  • Total attributable group Mineral Reserves decreased by 1% to 36.9 million platinum ounces from 37.4 million platinum ounces
  • Introduction of a new group-wide standard protocol for the estimation , classification and reporting of Mineral Resources and Reserves
  • As a consequence there were material changes in the classification of Mineral Resources and decreases due to the introduction of a depth cup-off at 2,350 metres below surface
  • Completion of group-wide audit of the Mineral Resources and Reserves by an independent third party
  • A re-estimation of the Marula Merensky Reef Mineral Resources resulting in a material decrease
  • Addition of Impala/RBR joint venture Mineral Resources following initial prospecting
  • The attributable Mineral Resources are dominated by the Zimplats and Impala contributions

 
 
 
 
 
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