HomeNewsBokai platinum project will be a big one

Bokai platinum project will be a big one

One of Zimbabwe’s
biggest platinum
mines
 
Johannesburg, South Africa — MININGREVIEW.COM — 30 March 2009 – Central African Mining & Exploration Company Plc (CAMEC) – an AIM listed and African- focussed emerging diversified producer, with multiple business lines across central and southern Africa – says its Bokai project in southern Zimbabwe is likely to become one of the country’s biggest platinum mines.

A news release issued here said that once in full production – some 18 months after its scheduled late 2009 commissioning – Bokai’s Phase 1 annual output was expected to reach 180 000 ounces of PGM.

This is CAMEC’s first venture into platinum mining, after acquiring rights to exploit the Bokai and Kironde tenements in the southern part of the Zimbabwe great dyke, about 80 km from Gweru and 350 km south of Harare. Together the two claims cover an area of 4 500 hectares.

Todal Mining Ltd is a 60/40 joint venture between CAMEC subsidiary Lefever Finance Limited and the state-owned Zimbabwe Mining Development Corporation (ZMDC).

Todal managing director Walter Shamu said the project was on schedule, with the first phase of drilling completed in December 2008. “This exercise yielded encouraging results confirming the depth and attitude of the ore body,” he added. “Assay results are being processed and reviewed, but we expect to prove up the first 20 years of the life of mine to an indicated resource level, and to bring five years of that into a measured resource confidence category.

“The mine’s Phase 2 drilling programme will be designed, scheduled and implemented after a thorough evaluation of the current results,” said Todal. “This is likely to commence any day now and will involve some infill drilling and further extensional exploration to test out the full 135-million tonnes at 3.5 g/t inferred when the mining tenements were acquired.”

Todal anticipates that the feasibility study will be completed by May this year.

Mine operations will be mechanised, harnessing advanced off-the-shelf technology and involving a workforce of around 500 people; and the associated processing plant will be automated as far as practically possible. Local manpower will be recruited wherever possible.

Todal Mining has submitted an application for a special mining lease that will allow it access to the exceptional fiscal dispensations granted to platinum miners in Zimbabwe.

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