Last checked at 11 Jul 2022 07:00
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11 July 2022
Sylvania Platinum Limited
("Sylvania", the "Company" or the "Group")
Notice of Results and Production Update
Sylvania Platinum Limited (AIM: SLP) confirms it will announce its Fourth Quarter Report in late July 2022 and its Final Results for the year ended 30 June 2022 on Thursday, 8 September 2022.
Final results analyst presentation
The Company will be hosting an analyst presentation for its Final Results on the day at 09:30 BST; analysts are encouraged to register their interest by emailing sylvania@almapr.co.uk.
Investor presentation
Sylvania's CEO Jaco Prinsloo and CFO Lewanne Carminati will also host a live investor presentation, via the Investor Meet Company platform, on 8 September 2022 at 12:00 BST.
The presentation will be open to all existing and potential shareholders. Questions can be submitted pre-event via the Investor Meet Company dashboard up until 09.00 BST the day before the meeting or at any time during the live presentation.
Investors can sign up to Investor Meet Company for free and include Sylvania Platinum Limited via https://www.investormeetcompany.com/sylvania-platinum-limited/register-investor. Investors who have already registered and elected to meet the Company, will be automatically invited.
Production Update
The Group is pleased to report a strong finish to its financial year and has achieved the mid-range of its target production of 66,000 to 68,000 ounces for FY2022.
The Board is aware of sector wide headwinds impacting the wider market and carefully monitors macro-level trends to ensure that they can be carefully navigated. Domestically, it also notes the challenges created by loadshedding implemented by the National Power Utility, however the Group's performance in the full year highlights that it has not impacted production across the Sylvania Dump Operations.
Grasvally Sale Update
The Company is pleased to report that all of the conditions precedent for the sale of 100% of the shares in, and claims against Grasvally Chrome Mine (Pty) Ltd to Forward Africa Mining (Pty) Ltd ("FAM") have been fulfilled and the sale became unconditional as of 8 July 2022.
CONTACT DETAILS
For further information, please contact: |
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Jaco Prinsloo CEO Lewanne Carminati CFO | +27 11 673 1171 |
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Nominated Adviser and Broker | |
Liberum Capital Limited | +44 (0) 20 3100 2000 |
Richard Crawley / Scott Mathieson / Kane Collings | |
Communications | |
Alma PR Limited | +44 (0) 20 3405 0208 |
Justine James / Josh Royston / Matthew Young | sylvania@almapr.co.uk |
CORPORATE INFORMATION
Registered and postal address: | Sylvania Platinum Limited |
| Clarendon House |
| 2 Church Street |
| Hamilton HM 11 |
| Bermuda |
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SA Operations postal address: |
PO Box 976 |
| Florida Hills, 1716 |
| South Africa |
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Sylvania Website: www.sylvaniaplatinum.com
About Sylvania Platinum Limited
Sylvania Platinum is a lower-cost producer of platinum group metals (PGM) (platinum, palladium and rhodium) with operations located in South Africa. The Sylvania Dump Operations (SDO) comprises six chrome beneficiation and PGM processing plants focusing on the retreatment of PGM-rich chrome tailings materials from mines in the Bushveld Igneous Complex. The SDO is the largest PGM producer from chrome tailings re-treatment in the industry. The Group also holds mining rights for PGM projects and a chrome prospect in the Northern Limb of the Bushveld Complex.
For more information visit https://www.sylvaniaplatinum.com/