Akanani, acquired as part of the Lonmin transaction, is an advanced stage exploration project located on the northern limb of the Bushveld Complex, 30km northeast of the town of Mokopane in the province of Limpopo, South Africa. The project was acquired by Sibanye-Stillwater in 2019 as part of the Lonmin transaction.
Extensive exploration drilling, targeting the Platreef, has been conducted on the property, confirming significant Mineral Resources which offers the potential for a long-life, low-cost operation. The wide orebody would enable a mechanised, long-hole, open-stope mining operation
A unique feature of the Platreef mineralisation, is the ratio of platinum:palladium, which is close to 1:1, as well as the high concentration in base metal by-products, with nickel and copper grading 0.24% and 0.13% respectively, making for a very attractive and diversified metal mix.
The key focus for 2022 is to advance the Mining Right application, which is currently under consideration by the DMRE. The necessary exploration activities to support the initial 20 years of mining has been concluded, and subject to the granting of the Mining Right, Akanani will become a strategic investment and development option.
At 31 December 2021, Akanani had a total attributable PGM Mineral Resource of 31.6Moz.