JSE : BAU
Share Price:R
Market Cap:R
Platinum/Oz:$ 928.50



ABOUT Bauba Platinum Limited

Bauba Platinum is a platinum exploration company listed on the JSE Limited, and holding various mineral prospecting rights for platinum group metals (PGMs) in the mineral rich Eastern Bushveld Complex of South Africa. Its head office is in Johannesburg, South Africa.

Bauba’s primary business objective is the exploration, evaluation and development of this high quality PGM prospect and the strategy employed by the Company is to focus the bulk of capital raised on acquiring information on the nature and extent of the platinum mineralisation on the Bauba Project to advance the resource status. This will be achieved through the implementation of well directed exploration programme, supported by geophysical  and geological mapping and interpretation of the areas of interest.

Bauba Platinum is fully compliant with the BEE equity requirements of the Mining Charter in that the Bapedi Nation has a direct participation of 40% in the Bauba Project.

INVESTOR CHARTING

PROJECTS

Bauba Project
Bauba Platinum holds prospecting rights over eight farms, collectively known as the Bauba Project and lying within the Leolo mountain range in the Limpopo province. The properties cover an area of approximately 14,200 hectares in the heart of the world's best known platinum region, where a number of neighbouring companies are prospecting for and successfully mining platinum group elements (PGEs). The properties have been grouped into three clusters: the Southern, Central and Northern Clusters.

LOCATION GEOGRAPHY & ACCESS


The Bauba Platinum farms lie within the Leolo mountain range in Limpopo province, approximately 40km north-northwest of the town Steelpoort and 250km northeast of Johannesburg. The area has a well-developed network of national (N4), regional (R555) and district tarred roads and railways. Bauba holds Prospecting Rights over eight farms extending over an area of 14 290 ha of the northeastern limb of the Bushveld Igneous Complex. The farms have been grouped into three areas, namely the Northern, Central and Southern Clusters. The farms are adjacent to operating platinum mines and development projects on the Eastern Limb.

REGIONAL AND LOCAL GEOLOGY


The Bauba Platinum prospects are located on the Eastern Limb of the Bushveld Complex. The prospect areas are largely underlain by the Main Zone and to a lesser extent the Upper Zone mafic layers. The Main Zone is underlain by the Critical Zone which hosts the world's largest economic platinum group elements (PGE) resources in the Merensky and UG2 Reefs. The Merensky Reef within the Bauba prospects is present at depths between 1 600 metres and 2 500 metres below surface. The UG2 Reef is located between 300 metres and 400 metres below the Merensky Reef, which comprises the mineralised upper portion of the medium-grained, poikilitic Merensky pyroxenite. The UG2 Reef consists of the mineralised, medium-grained, UG2 chromitite seam.

RESOURCE ESTIMATES

Resource Estimates - The current 4E (Pt+Pd+Rh+Au) PGM resource estimate for the Bauba prospects, discounted for geological losses, is tabulated below with 60% of the total resource being attributable to Bauba Platinum. The resources were compiled by Bauba's geologists and verified and signed off by an independent competent person, Mr AN Clay of Venmyn.

DIRECTORS

EXECUTIVE

  • Sydney John Maurice Caddy (CEO)
  • Willem Moolman (FD)

NON EXECUTIVE

  • Jonathan Best (Independent Chairman)
  • Kenneth Victor Dicks (Independent)
  • Kholeka Mzondeki (Independent)
  • Sholto Dolamo (Independent)
  • Mathews Phosa
  • Damian Smith
  • Thulare Thulare (Alternate)

CEO INVESTOR LETTER


Our commercial success is largely dependent on the communities which host our operations and it is very important that we establish and maintain relationships built on trust from the earliest stages of our exploration activities.
- Grant Pitt View Letter

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LATEST NEWS

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AM CALENDAR

BAUBA PLATINUM
Annual General Meeting
Investor Dinner
December 2012 Interim Results

REPORTS

Bauba Fact Sheet Bauba Platinum Integrated Annual Report 2014
Bauba Platinum Investor Presentation - November 2012 Bauba Platinum Equity Research Report - 31 January 2013

STAGES OF DEVELOPMENT

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CUMULATIVE CASH UTILISATION

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