Nkwe Platinum Ltd - Strategy and Milestones

Strategy

Nkwe’s strategy is to add substantial shareholder value through the acquisition, exploration, development and commercialisation of Platinum Group Elements (PGE) and associated base metal projects in the Bushveld Complex of South Africa.

Exploration Strategy

A single South African Bushveld platinum focus (80% of world resources 70% of world production)
The Bushveld - world class orebodies and infrastructure
Five core project areas that by size and location are each capable of being developed into a mine
Proven exploration and development team - relevant engineering, geological and project management experience

Growth and Development Strategy

Five key project areas with more than 25,000 ha all on outcrop
Core acquisitions are complete - future contiguous growth with Industry Majors and Junior Explorers
Expanding resources, converting resources to reserves and developing projects areas into mines
Outsourcing mining, processing, planning with world-class contractor

Milestones Achieved
January 08	-	Positive drill results on the Merensky Reef
October 07	-	Andre van der Merwe appointed as Project Manager
October 07	-	MOU signed with Dyondisani Mining Energy and Bolotola Investments to acquire 100% interest in prospecting rights to PGM farms
September 07	-	Nkwe to acquire 59% interest in Genorah
September 07	-	DME confirm valid Genorah Rights
July 07	-	Positive assay results from Garatouw Project and completion of Aerial Magnetic Survey over the entire project area
June 07	-	Agreement made with Indian Ocean Capital Pty Ltd to underwrite the exercise of the Company’s 14m unlisted options
March 07	-	Completion of strategic placement of $13.8m
March 07	-	UG2 Reef intersected in three of the boreholes
March 07	-	Merensky Reef intersected in all boreholes drilled on the farm Garatouw 282 KT
January 07	-	Acquire 74% interest in the Genorah farms DeKom and Garatouw
December 06	-	Prospecting rights granted on the De Wildt Project
December 06	-	ASX waiver granted to allow 126m shares to be issued in two equal tranches to Genorah as consideration for the acquisition of Genorah’s interest in the prospecting rights to Garatouw Platinum Project
October 06	-	Finalise Placement of 1,597,230 shares to raise AUD$1,038,200 for working capital
October 06	-	Messrs Sharif Pandor and Peter Landau were appointed as Non Executive Directors
September 06	-	Company acquires Genorah's interest in the prospecting rights to two strategically located PGM farms on Eastern Limb of the Bushveld complex
July 06	-	Mr Maredi Mphahlele appointed as Non Executive Director
July 06	-	Company enters into a joint venture on a series of farms located in eastern Bushveld with exiting BEE partner
July 06	-	All old order exploration permits successfully converted to new order rights
July 06	-	First phase of drilling was undertaken on NPA 3 Ghost Mountain
July 06	-	Blue Nightingale acquire 30% equity interest in Nkwe Platinum (South Africa) (Pty) Ltd, the Company's 100% owned subsidiary
May 06	-	Company agrees a BEE transaction with Blue Nightingale Trading 709 (Pty) Ltd
April 06	-	Finalised negotiations with prominent BEE partner
February 06	-	Finalisation of geological interpretation on NPA 2 Rooderand
January 06	-	Total PGE resource on existing projects increase to 17M undiscounted PGE ounces
January 06	-	Appointment of CEO Mr Tony Weber
October 05	-	Issued second new prospecting right over portions of Welvonden 215 JS and Witpoort 216 JS at Tinderbox (NPA 4)
July 05	-	Issued first new prospecting right at Rooderand (NPA2)
May 05	-	Kliprivier (NPA4) resource increases to 78.8Mt for 6.54M oz - total Nkwe resources to 17M oz
February 05	-	Placer Dome (joint venture partner) commences drilling at Tinderbox (NPA4)