www.nkweplatinum.com
Nkwe Platinum is engaged the acquisition, exploration, and development of platinum group and associated base metal projects in the Republic of South Africa. Its projects include Garatau Project, Tubatse Project, De Wildt Project, Pilanesberg Project, Kliprivier Prospect, Ghost Mountain Prospect and Tinderbox Prospect.
Nkwe Resources in trading halt pending court decision
Perth based Nkwe Resources (ASX:ERL) has requested a trading halt pending release of an announcement about the recent court decision involving Genorah Resources.
The halt will last until an announcement is made or commencement of trading on Tuesday 7 December 2010.
On December 1 Nkwe reported that a constitutional court decision was made in South Africa regarding two farms (Nooitverwacht and Eerste Geluk) which make up 2/3 of the Nkwe’s Tubatse Project which it has a 64% interest in.
The company said the decision has no impact on Nkwe’s current Garatau Project the subject of a Bankable Feasible Study nearing completion.
A further update on the BFS will be made next week with the release of further financial modelling which sets a base case net present value of approximately 14 billion rand (US$2.0bn).


















