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Western Bushveld JV: Milestones



Complete Timing Milestone
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2001
Sought platinum projects in Canada and South Africa
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2002
Acquired small land position in Western Bushveld
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2003
Formed strong, local BEE partnership
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2004
Signed deal with Anglo Platinum to consolidate lands in Joint Venture and became operator of WBJV
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2005/2006
Drill results demonstrate high-grade Inferred and Indicated Resources
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Jan 2006
Pre-Feasibility Study initiated
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2006
Project 1 Resource Updates
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Jan 2007
Positive Pre-Feasibility Study, Project 1; Final Feasibility Study Proceeds
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Sept 2007
Project 1 Resource Update
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July 2008
Positive Feasibility Study, Project 1
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Sept 2008
Restructuring of Western Bushveld Joint Venture Announced
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Dec 2008
Definitive Agreements in WBJV Restructuring
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Oct 2009
Updated Project 1 Feasibility Study
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Apr 2010
WBJV Restructuring Complete With Government Transfer Approval
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Aug 2010
Deal to Acquire All Needed Project 1 Surface Rights

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Sept 2010
Project 3 Resource Update

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Oct 2010
Announced $125 Million Bought Deal Financing

 
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