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Market: ASX
Sector: General Mining - Platinum Group Metals
EPIC: NKP
Latest Price: A$0.14  (0,00%)
52-week High: A$0.32
52-week Low: A$0.11
Market Cap: A$78.35M
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Nkwe Platinum
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.

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Nkwe Platinum reports South Africa court decision has no impact on Garatau BFS

7th Dec 2010, 9:11 am

Following the South African Constitutional Court’s decision regarding the prospecting rights to two farms within the Bushveldt complex in South Africa, Nkwe Platinum (ASX: NKP) has addressed inaccuracies that have been circulating in the media and amongst shareholders.

The company said the decision has no impact on Garatau bankable feasibility study (BFS) project and Nkwe, Genorah Resources and the local communities representing the farms affected by the decision have already met and resolved to proceed with new application to the DMR and and are confident that it can be resolved soon.

Nkwe has already received preliminary advice that the court decision may not apply to Nkwe’s 64% interest.

Nkwe said it remains committed to work constructively and expeditiously with the DMR and the local communities that represent the two farms and refute media reports of Genorah (and by implication Nkwe) not considering the local communities rights and ignoring their legal and rightful connection and involvement in the properties and their mineral worth.

Nkwe Platinum announced in February that the BFS on its Garatau Project, highlighted an average production of between 240,000 and 400,000 tonnes per month with an initial mine life of + 40 years.

Nkwe’s main Tubatse and Garatau Projects consist of five contiguous farms with a strike length of more than 30km. These Projects are located in an established mining district with well developed infrastructure.





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