Klipriver Prospect
The Kliprivier, Ghost Mountain and Tinderbox assets are currently in the process of being disposed to ASX Listed Company, Morning Star Holdings Ltd (ASX: MSH), in return for 30m ordinary fully paid shares in MSH. It is anticipated that this transaction will be concluded 3Q 2010.
The prospect is located on the eastern limb of the Bushveld Complex and lies immediately south and along strike of Aquarius Platinum’s Everest South platinum project and up dip of the former Anglo Platinum Booysendal project. An inferred UG2 resource has been defined of 109.6 Mt @ 2.3 g/t (3PGE+Au) for 7.6Moz (undiscounted) from surface over a 6km strike length on its 3,300ha permitted share of Kliprivier, with a lower chromite band containing an additional potential 4.5Moz of target PGM mineralisation.
Ghost Mountain Prospect
The Kliprivier, Ghost Mountain and Tinderbox assets are currently in the process of being disposed to ASX Listed Company, Morning Star Holdings Ltd (ASX: MSH), in return for 30m ordinary fully paid shares in MSH. It is anticipated that this transaction will be concluded 3Q 2010.
The prospect is located on the eastern limb of the Bushveld Complex, with past exploration having identified two mineralised targets.
Tinderbox Prospect
The Kliprivier, Ghost Mountain and Tinderbox assets are currently in the process of being disposed to ASX Listed Company, Morning Star Holdings Ltd (ASX: MSH), in return for 30m ordinary fully paid shares in MSH. It is anticipated that this transaction will be concluded 3Q 2010.
The prospect is located 10km south west of Kliprivier and is an early stage exploration project.