Pilanesberg Project
The project consists of two properties, Rooderand and Ruighoek which are advanced stage exploration projects.
Rooderand is located on the north-western rim of the Pilanesberg National Park and exploration success during 2006 increased the JORC compliant Mineral Resource to 36.7m Mt @ 3.8 g/t for 4.5Moz (3PGE+Au), geologically discounted. A new order prospecting right has been issued on this project.
Nkwe has an undivided 54% share on various portions of Ruighoek (under the old Mining Act) which lies directly to the west of the Pilanesberg National Park, covering an area of over 2,500 hectares. Nkwe has previously secured the consent to prospect on Ruighoek from the private holders of undivided shares of the mineral rights. An application for a Prospecting Right is currently being processed by the Department of Minerals and Energy (“DME”).
