mineral resource and mineral reserve statement ... - Impala Platinum

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Implats’ explorationstrategy remains in placewith both brownfields andgreenfields explorationbeing undertaken.Focused exploration...Mining the Great Dyke at Zimplats.www.implats.co.za 10 Implats Mineral Resource and Mineral Reserve Statement 2010
Exploration reviewImplats’ exploration strategy remains in place with bothbrownfields (evaluation drilling at, or adjacent to, ourexisting operations) and greenfields exploration beingundertaken; the primary focus is brownfields prospecting.The offshore greenfields exploration continues at a lowlevel in conjunction with third parties. The focus of thisexploration is on primary platinum group mineral targets.Bushveld Complex in South AfricaExploration around current mining operations at Impalaand Marula in support of life-of-mine operations continues.At Impala, efforts are being accelerated with increaseddrilling activity at potential future shaft blocks; duringthe past year the exploration to support the prefeasibilitystudy at the proposed 18 Shaft block was completed andwork is now focused on the proposed 19 and 16 lowerblocks. Exploration also continued at the prospectingright areas on portions of the farms Doornspruit andRoodekraalspruit, and the farms Diepkuil and Klipgatkop,all of which are situated down dip of the present Impalamining lease boundary. At Marula limited infill drilling wascompleted to assist the current mining operation.At Afplats exploration at the prospecting right areas onthe farms Wolwekraal and Kareepoort, and portions of thefarm Hartebeestpoort B, continued during the year.Subsequent to the agreement in 2009 with Kameniregarding the Tamboti Project, all prospecting wasundertaken by Kameni in the past year. Exploration wasterminated at the grassroots Paradys Project located inthe eastern Bushveld; the rights are being transferred tothe joint venture partner Endulwini Resources. Explorationwas also terminated at the Springbok Project situatedsouth of Bela-Bela, in the absence of positive drillingresults.Offshore projectsOffshore exploration activities continued during the yearbut efforts were concentrated on projects within theSudbury Basin, Canada, in conjunction with Xstrata andWallbridge Mining and on the Hele Project in the ThunderBay area in conjunction with our strategic alliance partner,HTX Minerals Limited.No encouragement was obtained at the Levack FootwallProject with Xstrata within the Sudbury Complex andImplats terminated the joint venture during the year.However, drilling and borehole geophysical surveyscontinued at the Milnet and Parkin Project with WallbridgeMining. Encouraging borehole intersections were obtainedbeneath the old Milnet Mine at depths of around 1 500mincluding 8g/t (Pt+Pd+Au), 2.54%Cu and 0.78%Ni overan intersected width of 14.24m and 2.46g/t (Pt+Pd+Au),0.96%Cu and 0.44%Ni over an intersected width of12.66m.Surface mapping and sampling programmes supportedby airborne geophysics were completed at the HeleProject, Ontario, a joint venture with HTX Minerals in themid-continental rift zone, near Thunder Bay, Ontario.Reconnaissance drilling and surface sampling indicatedthe presence of multiple low-level (less than or equal to1.2g/t) PGE-enriched, reef-like zones extending over strikelengths of up to 4km at Amikoq in Greenland; Implats hassince withdrawn from the project.Target generation activities also continue within thestrategic alliances with HTX Minerals in Ontario and withImpact Minerals in southern Africa.Great Dyke in ZimbabweAt Zimplats, limited exploration recommenced to supportfuture feasibility studies. Exploration activities had beensuspended in FY2009 in favour of cash preservation. Infilldrilling was undertaken at the Mimosa South Hill deposit;an 80 borehole programme commenced toward year endto support a prefeasibility study at North Hill.www.implats.co.za 11 Implats Mineral Resource and Mineral Reserve Statement 2010
Page 1: MINERAL RESOURCE ANDMINERAL RESERVE
Page 5 and 6: IntroductionThe Mineral Resources a
Page 7 and 8: The Bushveld ComplexThe Bushveld Co
Page 10 and 11: Implats embraces theprinciples of t
Page 14 and 15: Auditing in 2010Implats is committe
Page 16 and 17: Historic productionSince 1969 when
Page 18 and 19: Implats’ attributable Mineral Res
Page 20 and 21: Mineral Resource summary -exclusive
Page 22 and 23: ReconciliationA high-level reconcil
Page 24 and 25: The Bushveld Complexin South Africa
Page 26 and 27: ImpalaThe Impala Platinum mining op
Page 28 and 29: Impala Platinum Mineral Resources a
Page 30 and 31: MarulaMarula’s mining operation i
Page 32 and 33: Marula Platinum Mineral Resourcesan
Page 34 and 35: AfplatsAfplats’ Leeuwkop Project
Page 36 and 37: Two RiversTwo Rivers is located app
Page 38 and 39: Two Rivers Platinum Mineral Resourc
Page 40 and 41: Tamboti projectThe Tamboti Project
Page 42 and 43: ZimplatsZimplats’ Ngezi Mine is l
Page 44 and 45: Zimplats Mineral Resourcesand Ore R
Page 46 and 47: MimosaMimosa is located in Zimbabwe
Page 48 and 49: Mimosa Mineral Resourcesand Ore Res
Page 50 and 51: Glossary of terms3PGE+Au5PGE+AuAfpl
Page 52 and 53: Mineral Resource and Mineral Reserv
Page 54: www.implats.co.za

mineral resource and mineral reserve statement ... - Impala Platinum

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