RE: TJATE7 Mar 2026 21:32
Tjate Platinum Project:
Sebata Kgomo Consortium is a 40% shareholder and majority shareholder in Tjate Platinum Corporation. The drilling programme is the first step in the feasibility study, which will determine the potential mine size, capital cost of development and operating costs.
The key assumptions currently valid for the farms are as follows:
Property: Three contiguous farms: Dsjate 249KT; Fernkloof 539KS; and Quartzhill 542KS
Property Area: Total 5143 ha: Dsjate (2,162 ha); Fernkloof (1,317 ha); and Quartzhill (1,664 ha)
Property Location: On the eastern limb of the Bushveld Complex and immediately downdip of Anglo Platinum’s Twickenham and Impala Platinum’s Marula mines
PGM bearing reefs present: Merensky and UG2 Chromitite
Inferred Resource tonnage: 282 million tonnes
Inferred Resource grade: 7.25g/t (5PGM+Au) Merensky and UG2 weighted average 6.62g/t (5PGM+Au) for Merensky alone
Inferred Resource metal: 65.8 million oz (5PGM+Au)
Attributable valuation in situ: $13 billion, Basis per oz: Platinum $850; Palladium $180; Rhodium $1500; Iridium $150; Ruthenium $50; Au $400
Attributable market valuation: $171 million – based on l a market valuation $7.50/oz
Property Description:
The Tjate farms are largely underlain by rocks of the Main Zone of the Bushveld Complex that dip gently around 11o to 13o towards the west. Anglo Platinum is known to have drilled three diamond boreholes on the Dsjate property and intersected the Merensky and UG2 chromitite reefs. The outcrops of the two reefs are well mapped and the directors of Jubilee are advised that there is little doubt that the three properties are underlain by these economically important reef units.
1. Press Release 10 March 2005 / Drilling Intersects Merensky Reef on Tjate Project:
Highlights
• Drilling intersects Merensky reef on Tjate Project in the Bushveld Complex of South Africa
• High grade of 7.78g/t platinum group elements (“PGEs”) plus gold (Au) over a 1 metre reef width
• Platinum (Pt) to palladium (Pd) ratio of 1.8 to 1
• Associated 0.33% nickel and 0.19% copper grades
• In situ value of reef estimated at US$223 per ton rock at today’s metal prices
Tjate Platinum Corporation (Pty) Ltd (“Tjate”) is pleased to announce significant results from the first diamond drill hole DT1 on Tjate’s 2,162 hectare Dsjate farm 249 KT. Hole DT1 intersected the Merensky reef (MR) at 868.5 metres. The assay results indicate a weighted average grade of 7.78g/t 3PGE + gold - sometimes referred to as 4E - over a 1.0 metre reef width, with associated 0.33 % nickel and 0.19 % copper. The indicated in-situ value of this intersection is estimated at US$223 per ton of rock at today’s metal prices..