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Sylvania Platinum Ltd - platinum group metals producer and developer with assets in South Africa - Says gold grade of 2.52 grams per tonne identified at Volspruit North on the Northern Limb of the Bushveld Complex in South Africa.
Chief Executive Officer Jaco Prinsloo: "I am pleased to announce the successful completion of the mineral resource estimate update at our Volspruit project, facilitated by Earthlab Technical Division, a South African geological consulting company. The exploration results align with our strategic goals, emphasising the importance of exploration assets as a key driver for Sylvania Platinum's growth strategy.
"The updated geological model reveals a notable 10% increase in the Volspruit North MRE compared to the October 2022 publication, accompanied by improved overall grades. These enhancements result from a more constrained geological model based on interpreted mineralised zones."
Current stock price: 53.04 pence, down 1.8%
12-month change: down 45%
By Sabrina Penty, Alliance News reporter
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