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.

10-12-09 MSH Extension of Share Purchase Agreement
During the year Nkwe entered into agreements that will result in the disposal of the Kliprivier, Ghost Mountain and Tinderbox Prospects, which will ultimately see the Prospect transferred to ASX Listed company Morningstar Holdings Limited (ASX: MSH) and in return Nkwe will received 30m ordinary shares in MSH with half granted upon execution of the transaction and the remaining half upon the granting of a mining right over any of the Prospects or takeover of Morningstar Holdings Limited.