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WESIZWE PLATINUM LIMITED - Bakubung Platinum Mine processing plant progress

Release Date: 21/04/2023 12:00
Code(s): WEZ     PDF:  
Wrap Text
Bakubung Platinum Mine processing plant progress

WESIZWE PLATINUM LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2003/020161/06)
Share code: WEZ
ISIN: ZAE000075859
(the “Company”)

BAKUBUNG PLATINUM MINE PROCESSING PLANT PROGRESS

Shareholders are referred to the announcement released on SENS on 2 February 2023
advising that the test run of the main system of the Bakubung Platinum Mine (“BPM”)
processing plant (“BPM Processing Plant”) was completed on 26 January 2023. As
indicated in the aforementioned announcement, the cold and hot commissioning of the BPM
Processing Plant was expected to commence in March or April of 2023, after the deficiencies
or snags which were identified during the test run have been resolved and rectified.

Hot commissioning was planned from 23 March 2023 to 30 March 2023 (being 7 days of
continuous operation), however, a steady state operation was not achieved due to several
challenges during this period. It is envisaged that these challenges will be resolved swiftly
and that commissioning of the BPM Processing Plant will commence before the end of May
2023.

Production at the BPM is expected to commence as soon as possible after the
commissioning process of the BPM Processing Plant has been completed.

The Company will update shareholders and investors on the progress at the BPM, and further
announcements will be made in this regard, as and when appropriate.

The board of directors of the Company would like to extend its appreciation and thanks to
shareholders for their continued investment and interest in the Company.

Johannesburg
21 April 2023

Sponsor
PSG Capital

Date: 21-04-2023 12:00:00
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