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May 2016

MODERN MINING

15

MINING News

Platinum Group Metals, listed on the TSX and NYSE, reports

that during April 2016 the new Maseve mine, also known as

the WBJV Project 1 Platinum Mine, produced approximately

1 700 ‘4E ounces’ of platinum, palladium, rhodium and gold.

The mill continues to perform well with recoveries and ton-

nage throughput capacity meeting or exceeding targets.

Maseve – near Sun City in the Western Bushveld – is

reportedly operating with a good safety record and key man-

agement and contractors are in place. Commissioning of the

mill was completed in March 2016. During February, March

and April, a majority of milled tonnes were sourced from lower

grade development muck mined from primary development

along the Merensky Reef.

At present, stoped mining tonnes are increasing as a

percentage of mill feed. Mining has now exposed 29 ends

in Merensky Reef and set up and mining in these areas con-

tinues. Reconciliation from underground sampling to grade

thickness in the current NI 43-101 technical report for the

Maseve resource plans is good. Primary headings into the

important Block 11, for planned mechanised room and pillar

mining, are now (early May) within 250 m and two-and-a-half

months of initial access.

As a result of the delay in ramp up announced in Platinum

Group’s Q2 report, the recently updated mine plan for Maseve

calls for approximately 110 000 ounces to be produced to

the end of April 2017. This compares to previous guidance of

116 000 ounces in calendar 2016.

Maseve mill meets – and

exceeds – its targets

The processing plant at the Maseve mine utilises a standard MF2 circuit configuration and is designed to treat ore at a rate of 165 000 tonnes/month. This

photo shows the flotation circuit, concentrator and filter press (photo: Platinum Group Metals).

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