Mineral Resources and Mineral Reserves Statement
Living the Implats Way
Our purpose is to create a better future. We accomplish this through the metals we produce, the way we do business and through our superior performance.
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Our purpose is to create a better future. We accomplish this through the metals we produce, the way we do business and through our superior performance.
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Decarbonisation is an urgent global challenge. There are increasing opportunities to use platinum-catalysed fuel cells to provide zero-emitting, carbon-free energy, in electricity and mobile applications.
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Employee accommodation and living conditions remain key strategic issues for improving the wellbeing of our employees and host communities in South Africa and Zimbabwe. Our focus remains on facilitating the creation of sustainable human settlements and access to decent accommodation for employees who are residing in informal structures.
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The increasing evidence globally of physical climate impacts – wildfires, floods, rising temperatures – is driving a greater sense of urgency in building adaptive capacity and resilience to climate.
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The Mineral Resource and Mineral Reserve Statement as at 30 June 2024 reflects the benefit of the positive long-term pricing outlook for the significant PGMs Implats produces, as well as the capital investment in material projects in the period under review.
The attributable Group Mineral Resource estimate increased by 53.8Moz 6E to 316.5Moz 6E, and the attributable Group Mineral Reserve estimate increased by 2.2Moz 6E to 54.6Moz 6E.
Greenfields exploration activities remain dormant at the South African, Zimbabwean and Canadian operations. Shaft sinking activities at Impala Rustenburg’s 17 Shaft, Maseve North Shaft and Afplats’ Leeuwkop Shaft remain suspended. The Two Rivers Merensky project is placed on care and maintenance and Mimosa North Hill project is stopped.
HEADLINE NUMBERS
The Group attributable Mineral Resource estimate increased by 21% to 316.5 million ounces 6E, due to the inclusion of Impala Bafokeng at 87% shareholding. This increase is marginally offset by production depletion and the decrease in the shareholding of Impala Rustenburg from 96% to 87%.
The Group attributable Mineral Reserve estimate increased by 4% to 54.6 million ounces 6E, due to the inclusion of Impala Bafokeng at 87% shareholding. The increase is reduced by production depletion, the decrease in the shareholding of Impala Rustenburg from 96% to 87%, the exclusion of the Mimosa North Hill project and the Two Rivers Merensky Mine due to the unfavourable prevailing metal prices.
| Attributable estimates | 2024 | 2023 | 2022 | 2021 | 2020 | |||
| Mineral Resources* | Moz Pt | 156.3 | 127.1 | 128.2 | 132.3 | 132.4 | ||
|---|---|---|---|---|---|---|---|---|
| Moz Pd | 97.4 | 85.4 | 87.7 | 90.2 | 89.9 | |||
| Moz 3E | 266.1 | 223.3 | 227.7 | 234.4 | 233.9 | |||
| Moz 4E | 284.2 | 237.7 | 242.4 | 249.7 | 249.1 | |||
| Moz 6E | 316.5 | 262.7 | 268.6 | 277.3 | 277.1 | |||
| Mt | 2 031.4 | 1 800.2 | 1 834.6 | 1 885.9 | 1 818.8 | |||
| Mineral Reserves | Moz Pt | 26.3 | 24.3 | 25.5 | 24.6 | 21.8 | ||
| Moz Pd | 18.0 | 18.4 | 19.7 | 18.8 | 17.3 | |||
| Moz 3E | 46.7 | 45.3 | 47.8 | 46.0 | 41.2 | |||
| Moz 4E | 49.6 | 48.0 | 50.7 | 48.7 | 43.6 | |||
| Moz 6E | 54.6 | 52.5 | 55.7 | 53.4 | 47.8 | |||
| Mt | 489.7 | 506.0 | 528.2 | 512.4 | 419.7 |
* Mineral Resource estimates are inclusive of Mineral Reserves.
Hover over a row in the table to the left to populate this graph
Overall, the attributable Group Mineral Resource estimate increased by 53.8Moz 6E to 316.5Moz 6E. Zimplats accounts for 31% of the Group’s Mineral Resource base, Impala Rustenburg accounts for 24%, and the balance of 45% comprises Impala Bafokeng, Marula, Mimosa, Two Rivers, Lac des Iles, Waterberg and Afplats. The inclusion of Impala Bafokeng accounts for 20% of the total attributable Mineral Resource.
as at 30 June 2024 (%)
as at 30 June 2024 (variance Moz 6E)
Overall, the attributable Group Mineral Reserve estimate increased by 2.2Moz 6E to 54.6Moz 6E. Zimplats accounts for 42% of the attributable 6E Mineral Reserve estimate base and Impala Rustenburg accounts for 21%. The inclusion of Impala Bafokeng accounts for 19% of the total attributable Mineral Reserve.
as at 30 June 2024 (%)
as at 30 June 2024 (variance Moz 6E)
