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Reserves & Resources

Mineral Resources and Reserves at Platmin’s material projects have been summarised as at December 2009, estimated in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum, or the South African code for the reporting of exploration results, Mineral Resources and Mineral Reserves and reported in accordance with the requirements of National Instrument 43-101 of the Canadian Securities Administrators.

Summary Mineral Reserve Statement for Platmin as at December 31, 2009 - All within PPM
 Tonnage
(’000 tonnes)
Grade
3PGE+Au
(g/t)
Metal Ratio
Pt:Pd:Rh:Au
(%:%:%:%)
Contained Precious Metal
3PGE+Au
Base Metals   Platmin*
Ni (ppm)Cu (ppm)Ni (t)Cu (T)3PGE+Au oz ('000)
Property (1) (2)kgoz ('000)
Proven Mineral Reserve
Total Proven3,2794.3060:28:10:214 1104545591431 830470329
Probable Mineral Reserve
Total Probable60 7531.9361:28:7:4117 3793 77491220955 39712 7212 732
Total (Proven and Probable)64 0322.0561:28:7:4131 4894 22889420657 22713 1913 061

Notes to the above table

* Platmin attributable proportion (72.39%)
Apparent inconsistencies due to rounding
(1) Tushenkomst estimates based on bulk mining option, Ruighoek based on selective mining option.
(2) Ni and Cu estimates have not been completed for all reefs.

Consolidated Mineral Resource Statement for all Platmin’s Projects as at December 31, 2009


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