TIDMAQP 
 
Aquarius Platinum Limited 
                  Production Results to 31 December 2014 
 
Highlights 
- Attributable production from operating mines up 2% quarter-on-quarter, up 5% 
  compared to previous corresponding period (pcp). 
 
- Kroondal records its 8th consecutive +105,000 PGM oz quarter 
 
- Mimosa attains a new quarterly production record at 60,842 PGM ozs 
 
- Highest attributable quarterly production for a quarter from Kroondal, Mimosa 
  and Plat Mile combined 
 
- Average PGM basket price decreased 10% for the quarter - down 4% compared to 
  pcp 
 
- The Rand weakened against the US Dollar by 4% on average quarter-on-quarter - 
  down 8% compared to pcp 
 
- Cash costs at Kroondal decreased 1% to R8,925 per PGM ounce quarter-on-quarter 
  - up 1% compared to pcp 
 
- Cash costs at Mimosa decreased 4% to $781 per PGM ounce quarter-on-quarter - 
  down 7% compared to pcp 
 
- Surface stockpiles: Kroondal 160,000 tonnes, Mimosa  181,000 tonnes 
 
- Sale of Kruidfontein completed resulting in cash inflow of $27 million 
 
- Cash balance at quarter end of $164million with a further $8 million 
  attributable to Aquarius in JV entities. 
 
 
 
                                          Q2 2015 Operating Results Summary 
 
                                      Kroondal     Mimosa         Platinum Mile 
 
4E PGM Production 
 
              Total (100% basis)       111,115     60,842                 2,996 
 
                    Attributable        55,557     30,421                 2,996 
 
4E Basket Price 
 
                            R/oz        12,186          -                12,233 
 
                            $/oz         1,090      1,100                 1,090 
 
Cash Costs (4E basis) 
 
                            R/oz         8,925          -                 7,500 
 
                            $/oz           798        781                   668 
 
 
 
Cash Margin (%)                              5         26                    14 
 
 
 
Stay-in-Business Capex 
 
                            R/oz         1,002          -                     - 
 
                            $/oz            90        137                     - 
 
 
Commenting on the results, Jean Nel, CEO Aquarius Platinum said: 
 
Both Kroondal and Mimosa delivered excellent production and cost performances 
in the quarter, with Mimosa recording its highest ever quarterly production and 
Kroondal delivering a record 8th consecutive quarter of above 105 000 4E oz's 
production. The increased production, coupled with excellent cost management 
enabled Aquarius to generate positive operational cash flows despite a sharp 
drop in PGM prices which fell by 10% in US$ terms and 8% in Rand terms. The 
operating teams under the leadership of Rob Schroder deserve much credit for 
the performance. 
 
 
 
Aquarius' view remains that, attractive longer term fundamentals 
notwithstanding, a material increase in PGM prices is unlikely in the short 
term given muted demand growth and continued supply of metal from unprofitable 
mining operations in South Africa. This assessment informs Aquarius' stated 
focus on consistent operational improvements, strengthening its balance sheet 
and restrained capital allocation. Aquarius is committed not to produce 
unprofitable ounces. In this regard Aquarius will continue to focus on 
operational efficiencies and excellence to improve margins. 
 
 
 
As part of our year-end results presentation in August 2014, Aquarius advised 
that a number of incremental growth projects had been identified which are in 
different phases of assessment. During the quarter work on the projects 
continued. A progress update will be included in the interim results 
announcement on 11 February 2015. 
 
 
 
Production by mine 
 
                                         Quarter ended 
PGMs (4E) 
                   Dec 2014    Sept 2014   % Change     Dec 2013   % Change 
 
Kroondal              111,115      112,248          -1     110,303           1 
 
Mimosa                 60,842       57,799           5      55,586           9 
 
Platinum Mile           2,996        1,831          64       1,583          89 
 
Total                 174,953      171,878 2               167,472 4 
 
 
 
 
Production by mine attributable to Aquarius (Operating mines) 
 
                                         Quarter ended 
PGMs (4E) 
                   Dec 2014    Sept 2014   % Change     Dec 2013   % Change 
 
Kroondal               55,557       56,124          -1      55,152           1 
 
Mimosa                 30,421       28,900           5      27,793           9 
 
Platinum Mile           2,996        1,831          64       1,583          89 
 
            Total      88,974       86,855 2                84,528 5 
 
 
 
 
Aquarius Group quarterly attributable production (PGM ounces) to 31 December 
2014 
 
See www.aquariusplatinum.com for graph 
 
 
 
Market Summary 
 
The platinum price continued to fall in the fourth quarter, not only setting 
2014 lows, but testing their lowest levels since July 2009, falling below 
$1,200 per ounce level. It finished at $1,208 per ounce (6% lower over the 
quarter). Palladium prices were more robust gaining 3% during last quarter and 
closing the year at $798 per ounce. 
 
 
 
Platinum finished lower for a variety of reasons including a drag of falling 
gold prices and a sizable quantum of above ground stocks. Auto-related demand 
has shown signs of firming across Europe, amplified by the implementation of 
Euro 6 legislation, and jewellery demand has been responsive to lower prices. 
China's platinum imports have softened and have not been offset by imports into 
Hong Kong. 
 
 
 
After being dragged lower alongside the rest of the PGM complex, palladium has 
managed to recover and traded, at times,  above the $800 per ounce level. 
Destocking helped China's palladium imports to recover during 2014, with the 
average monthly imports reaching 65 000 ounces compared with 60 000 ounces in 
2013. Speculative positioning remained relatively elevated in Nymex palladium 
and ETPs were close to the record high set at the end of November, which 
implied potential for some profit-taking. Further, palladium ETP holdings have 
also proved to be a source of supply as well as demand over the quarter. 
 
 
 
Rand-Dollar exchange rate 
 
The average Rand-Dollar exchange rate weakened during the quarter, falling by 
4% from R10.71 to R11.18 to the US dollar.  Since then, the Rand has weakened 
further to average R11.60in the first three weeks of January. 
 
 
 
The average Rand basket price decreased 8% quarter-on-quarter, and the spot 
price by 2% over the period. The US Dollar weighted average group basket price 
decreased by 10% to $1,097 per 4E PGM ounce compared to the previous quarter. 
The average South African basket price at AQPSA's operations was R12,189 per 
PGM ounce for the period. Subsequent to the end of the quarter, the PGM basket 
price has consolidated to average R12,421 per PGM ounce for the first three 
weeks of January 2015. 
 
 
 
12-month individual PGM prices to December 2014 (US$/oz) 
12-month PGM basket prices to December 2014 (US$ and ZAR per PGM basket ounce) 
 
See www.aquariusplatinum.com for graphs 
 
 
12-month Rand-Dollar exchange rate to December 2014 (ZAR/US$) 
 
See www.aquariusplatinum.com for graph 
 
 
 
Average PGM basket prices achieved at Aquarius operations 
 
 
 
                                             Quarter ended 
US$ per PGM ounce (4E) 
                          Dec 2014   Sept 2014  % Change  Dec 2013  % Change 
 
Kroondal                    1,090      1,239      (12)      1,145      (5) 
 
Mimosa                      1,111      1,200       (7)      1,126      (1) 
 
Platinum Mile               1,090      1,202       (9)      1,117      (2) 
 
Weighted Avg.               1,097      1,225      (10)      1,138      (4) 
 
 
 
 
Operating Review Summary (all numbers on 100% basis) 
 
AQUARIUS PLATINUM (SOUTH AFRICA) (PTY) LTD (Aquarius Platinum - 100%) 
 
 
 
P&SA 1 at Kroondal (Aquarius Platinum - 50%) 
 
12-month rolling average DIIR per 200,000 man hours deteriorated to 0.62 from 
0.55 in the previous quarter 
 
Production decreased to 1,807,000 tonnes from 2,013,000 tonnes 
 
Head grade improved from 2.37 g/t to 2.41 g/t 
 
Recoveries improved by 1% to 79% 
 
Volumes processed decreased to 1,814,000 tonnes, down 4% quarter-on-quarter 
 
Stockpiles at the end of the quarter totalled approximately 160,000 tonnes, 
down 7,000 tonnes 
 
PGM production decreased by 1% to 111,115 PGM ounces 
 
Revenue decreased by 17% to R1,046 million quarter-on-quarter due to lower Rand 
prices and a negative sales adjustment of R87 million due to lower metal prices 
quarter on quarter 
 
Mining cash costs increased by 2% to R547 per tonne, due to lower volumes 
 
Unit cost per PGM ounce reduced by 1% to R8,925 per PGM ounce due to improved 
grade and recovery as well as stock pile adjustment 
 
Kroondal's cash margin for the period decreased from 20% to 5% due to the 
negative sales adjustment and lower basket prices 
 
 
 
Kroondal: Production, Cash Cost and Price Analysis 
 
See www.aquariusplatinum.com for graph 
 
 
 
Commentary 
 
As previously reported, regrettably a fatal incident occurred on 11 October 
2014 when Mr Pedro Tafulane Nhabinde, a Team Leader at Kwezi Shaft, tragically 
lost his life whilst barring during safe declaration. Our deepest condolences 
go to his family and friends. 
 
 
 
The number of injuries increased from 12 to 29 quarter on quarter and the 12 
Rolling DIIR Rate deteriorated from 0.55 to 0.62. The deterioration on safety 
took place despite a focussed safety campaign during the quarter. Safety 
campaigns have been re-energised in January 2015. During the quarter three 
Section 54 instructions were issued resulting in approximately 103,000 tons of 
lost production. 
 
 
 
Tonnes mined for the quarter was 10% lower at 1,807,000 tonnes due primarily to 
the three Section 54 instructions issued by the DMR. In spite of these factors, 
Kroondal achieved its eighth consecutive +105,000 PGM production quarter. Unit 
costs continued to respond positively down 1% quarter on quarter and up 1% 
compared to the previous corresponding period December 2013 in spite of South 
Africa's inflation rate of approximately 6%. 
 
 
 
Operations at K6 Shaft remained challenging due to poor ground that still needs 
rehabilitation in order to get the belt infrastructure installed as well as a 
high incident of potholes. Kwezi shaft has been experiencing big falls of 
ground and all ends have been reduced for safety. Simunye shaft is mining 
through a dyke intersection. Bambanani have mined successfully through a shear 
zone. Kopaneng shaft production has remained steady since the underground 
workshop and new chairlift have been commissioned. 
 
 
 
Various trials to mitigate the treating of iron-rich ultramafic pegmatite 
(IRUP) ore being mined at Kwezi has resulted in a potential solution comprising 
blending the material, changing reagents and increasing the floatation 
retention time in the process plants.  Recoveries improved by 2% quarter on 
quarter.  Further work will continue in 2HY 2015. 
 
 
 
During the quarter the Kroondal work force maintained a positive outlook with 
open communication channels on all levels.  A recognition agreement was 
concluded with AMCU post quarter, in January 2015, negotiations of which were 
conducted in a cordial manner. 
 
 
 
P&SA2 at Marikana (Aquarius Platinum - 50%) 
 
There has been no change to the Marikana operations which remain on care and 
maintenance until further notice. 
 
 
 
Everest Mine 
There has been no change to the Everest operations which remain on care and 
maintenance until further notice. 
 
 
 
AQPSA Operating cash costs per ounce (Rand) 
 
                4E                  6E             6E net of by-products 
 
           (Pt+Pd+Rh+Au)   (Pt+Pd+Rh+Ir+Ru+Au)            (Ni&Cu) 
 
Kroondal       8,925              7,317                    7,131 
 
 
 
 
Capital expenditure 
 
                                            Kroondal 
 
 (R'000 unless otherwise stated)        Total   Per 4E oz 
 
Ongoing establishment of infrastructure 104,864       944 
 
Project capital (K6 shaft)                6,510        59 
 
Mobile equipment                         28,026       252 
 
Total                                   139,400     1,255 
 
 
 
 
Kroondal mine: reconciliation of cash costs per 4E ounce 
 
 
 
                                               Cost per 4E ounce 
                                                    (Rand) 
 
                                               Q1 2015  Q2 2015 
 
Total operating expenditure                      10,601   10,213 
 
Less: 
 
Ongoing capital expenditure & mobile equipment  (1,048)  (1,195) 
 
Project capex (K6 shaft)                           (48)     (59) 
 
Transferred (to)/from stockpile                   (504)     (34) 
 
On mine cash costs                                9,001    8,925 
 
 
 
 
MIMOSA INVESTMENTS (Aquarius Platinum - 50%) 
 
 
 
Mimosa Platinum Mine 
 
- 12-month rolling average DIIR was constant at 0.05 per 200,000 man hours worked 
 
- Production increased by 3% to 677,305 tonnes 
 
- Head grade deteriorated slightly to 3.63 g/t 
 
- Recoveries improved to 78% 
 
- Volumes processed increased by 5% to 665,843 tonnes 
 
- Stockpile at the end of the quarter was approximately 181,258  tonnes 
 
- PGM production increased by 5% to 60,842 PGM ounces 
 
- Revenue, decreased in line with lower metal prices 
 
- Mining cash costs per tonne was unchanged constant at $71, costs per PGM ounce 
  decreased by 4% to $781 as a result of increased  production 
 
- Stay-in-business capital expenditure was $137 per PGM ounce for the quarter 
 
- Mimosa's cash margin for the period decreased from 41% to 26% due to negative 
  sales adjustments and lower metal prices 
 
 
 
Mimosa: Production, Cash Cost and Price Analysis 
 
See www.aquariusplatinum.com for graph 
 
 
 
Commentary 
 
The Mimosa mine continues to operate well, despite cost pressures which have 
increased in recent quarters. The Mimosa management team has identified a 
number of cost saving initiatives which are currently being implemented. 
Production of 60,842 PGM ounces for the quarter was a record for the Mimosa 
mine. 
 
 
 
Operating cash costs per ounce 
 
Unit cash cost per PGM ounce (before by-product credits) was 4% lower compared 
to the previous quarter mainly as a result of increased production. 
 
 
 
Mimosa operating cash costs per ounce 
 
 
 
                4E                   6E               4E net of by-products 
          (Pt+Pd+Rh+Au)     (Pt+Pd+Rh+Ir+Ru+Au) 
                                                          (Ni, Cu & Co) 
 
Mimosa         781                  737                        562 
 
 
 
 
Capital expenditure 
 
The total capital expenditure for the second quarter amounted to $8.5 million. 
Expenditure was mainly incurred on mobile equipment, Drill Rigs and LHD; 
Conveyor belt extension and Down dip Development. 
 
 
 
TAILINGS OPERATION 
 
 
Platinum Mile (Aquarius Platinum - 91.7%) 
 
- Material processed increased 31% to 1,346 million tonnes, up 31% quarter on 
  quarter 
 
- Head grade decreased  to 0.55 g/t from 0.58 - quarter on quarter 
 
- Recoveries increased to 13%, up from 9% quarter on quarter 
 
- Production  increased to 2,996 PGM ounces as the operations continues it ramp 
  up phase 
 
- Cash costs decreased to R7,500 per PGM ounce 
 
- Revenue was higher at R27 million for the quarter 
 
- Cash margin for the quarter was 13%, up from 9% in the previous quarter 
 
 
 
Commentary 
 
Platinum Mile 
 
The results for the quarter were much improved as the operations recovered from 
the five month strike that ended in July 2014. Production is expected to 
continue rising as the plant reaches capacity. 
 
 
 
The increase in the cash margin of the operation is encouraging given the 9% 
decline in the basket price for the quarter. In the next quarter focus will be 
given to the improvement of the efficiency and integration of the newly 
commissioned coarse grind circuit to improve overall recoveries at the 
operation. Once full production ramp-up in achieved the operation should 
produce some 1,607 ounces per month. 
 
Platinum Mile:  Operating cash costs per ounce 
 
                     4E                6E           4E net of by-products 
               (Pt+Pd+Rh+Au)  (Pt+Pd+Rh+Ir+Ru+Au) 
                                                        (Ni, Cu& Co) 
 
Platinum Mile      7,500             6,387                  5,878 
 
 
 
 
 
 
Chromite Tailings Retreatment Plant (CTRP) (Aquarius Platinum - 50%) 
 
There has been no change to the CTRP operations which remain on care and 
maintenance until further notice. 
 
 
 
CORPORATE MATTERS 
 
 
 
Board Changes 
 
Sir Nigel Rudd was appointed to the Board of Directors and as Chairman 
Designate with effect from 1st November 2014. Nicholas Sibley, who has been a 
Director since 1999 and Chairman since 2002, will be stepping down on 
28 February, 2015 and Sir Nigel will become Chairman on 1st March, 2015. 
 
 
 
Completion of asset sale - Kruidfontein prospecting right 
 
Aquarius concluded the sale of its indirect interest in the Kruidfontein 
prospecting right ("Kruidfontein Right") to Pilanesberg Platinum Mines (Pty) 
Ltd on 1 December 2014 for S27 million (before Capital Gains Tax "CGT"). 
Pursuant to the contractual obligation to the original vendors of their 
interests in the Kruidfontein Right Aquarius issued 36,505,657 common shares at 
a deemed price of US$0.24961 per Share in lieu of cash to the original vendors 
of the Kruidfontein Right. 
 
 
 
More information on all corporate matters can be found at 
www.aquariusplatinum.com 
 
 
Statistical Information: Kroondal P&SA1 
Statistical Information: Mimosa 
Statistical Information: Platinum Mile 
 
See www.aquariusplatinum.com for statistical information 
 
 
 
 
Aquarius Platinum Limited 
Incorporated in Bermuda 
Exempt company number 26290 
 
 
 
Board of Directors 
 
Nicholas Sibley        Non-executive Chairman 
 
Sir Nigel Rudd         Chairman Designate 
 
Jean Nel               Chief Executive Officer 
 
David Dix              Non-executive 
 
Tim Freshwater         Non-executive (Senior Independent Director) 
 
Edward Haslam          Non-executive 
 
Kofi Morna             Non-executive 
 
Zwelakhe Mankazana     Non-executive 
 
Sonja De Bruyn Sebotsa Non-executive 
 
 
Audit/Risk Committee 
David Dix (Chairman) 
Edward Haslam 
Tim Freshwater 
Kofi Morna 
Nicholas Sibley 
 
 
Remuneration Committee 
Edward Haslam (Chairman) 
David Dix 
Zwelakhe Mankazana 
Nicholas Sibley 
 
 
Nomination Committee 
Sonja De Bruyn Sebotsa (Chairman) 
Edward Haslam 
Tim Freshwater 
Kofi Morna 
Willi Boehm 
 
 
 
Chief Operating Officer 
Robert Schroder 
 
 
Company Secretary 
Willi Boehm 
 
 
AQPSA Management 
Robert Schroder Managing Director 
Jean Nel        Executive Director 
Wessel Phumo    General Manager: Kroondal 
 
 
Mimosa Mine Management 
Winston Chitando Chairman 
Peter Chimboza   Resident Director 
Fungai Makoni    Managing Director 
 
 
Platinum Mile Management 
Richard Atkinson Managing Director 
Paul Swart       Financial Director 
 
 
 
 
Issued Capital 
 
At 31 December 2014, the Company had on issue: 1,501,979,560 fully paid common 
shares. 
 
 
 
Substantial Shareholders 31 December 2014    Number of Shares  Percentage 
 
HSBC Custody Nominees (Australia) Limited       98,959,287        6.59 
 
J P Morgan Nominees Australia Limited           59,886,092        3.99 
 
 
 
 
Primary        Australian Securities Exchange  Trading Information 
Listing:       (AQP.AX) 
 
Premium        London Stock Exchange (AQP.L)   ISIN number BMG0440M1284 
Listing: 
 
Secondary      JSE Limited (AQP.ZA)            ADR ISIN number US03840M2089 
Listing: 
 
                                               Convertible Bond ISIN number 
                                               XS0470482067 
 
 
 
 
Broker (LSE) (Joint) Broker (ASX)         Sponsor (JSE) 
 
 
Liberum Capital 
Limited 
Ropemaker Place, 
Level 12 
25 Ropemaker Street, 
London 
EC2Y 9LY 
Telephone:           Euroz Securities 
+44 (0)20 3100 2000  Level 18 Alluvion    Rand Merchant Bank 
                     58 Mounts Bay Road,  (A division of FirstRand Bank 
Barclays             Perth WA 6000        Limited) 
5 The North          Telephone: +61 (0) 8 1 Merchant Place 
Colonnade            9488 1400            Cnr of Rivonia Rd and Fredman 
Canary Wharf                              Drive, Sandton 2196 
London E14 4BB                            Johannesburg South Africa 
Tel: 
+44 (0) 20 7623 2323 
 
Telephone: +44 (0)20 7628 1000 
 
 
 
 
 
 
 
 
Aquarius Platinum (South Africa) (Proprietary) Ltd 
100% Owned 
(Incorporated in the Republic of South Africa) 
Registration Number 2000/000341/07 
 
 
 
1st Floor, Block C, Rosebank Office Park, 181 Jan Smuts Avenue, Rosebank, South Africa 
Postal Address:          PO Box 7840, Centurion, 0046, South Africa 
Telephone:               +27 (0) 10 001 2848Facsimile:       +27 (0) 12 001 2070 
 
Aquarius Platinum Corporate Services Pty Ltd 
100% Owned 
(Incorporated in Australia) 
ACN 094 425 555 
 
 
 
Level 4, Suite 5, South Shore Centre, 85 The Esplanade, South Perth WA 6151, Australia 
Postal Address:          PO Box 485, South Perth, WA 6151, Australia 
Telephone:               +61 (0)8 9367 5211 
Facsimile:               +61 (0)8 9367 5233 
Email:                   info@aquariusplatinum.com 
 
 
 
For further information please visit www.aquariusplatinum.com or contact: 
 
 
 
In the United Kingdom and South Africa: In Australia: 
Jean Nel +27 (0) 10 001 2848             Willi Boehm 
                                         +61 (0) 8 9367 5211 
 
 
 
Glossary 
 
A$       Australian Dollar 
 
Aquarius Aquarius Platinum Limited 
or AQP 
 
APS      Aquarius Platinum Corporate Services Pty Ltd 
 
AQPSA    Aquarius Platinum (South Africa) (Pty) Ltd 
 
ACS(SA)  Aquarius Platinum (SA) Corporate Services (Pty) Ltd 
 
BEE      Black Economic Empowerment 
 
BRPM     Blue Ridge Platinum Mine 
 
CTRP     Chrome Tailings Retreatment Operation. Consortium comprising Aquarius 
         Platinum (SA) (Corporate Services) (Pty) Limited (ASACS), Ivanhoe 
         Nickel and Platinum Limited and Sylvania South Africa (Pty) Ltd 
         (SLVSA). 
 
DIFR     Disabling injury frequency rate -being the number of lost-time 
         injuries expressed as a rate per 1,000,000 man-hours worked 
 
DIIR     Disabling injury incidence rate -being the number of lost-time 
         injuries expressed as a rate per 200,000 man-hours worked 
 
DME      formerly South African Government Department of Minerals and Energy 
 
DMR      South African Government Department of Mineral Resources, formerly the 
         DME 
 
Dollar   United States Dollar 
or $ 
 
Everest  Everest Platinum Mine 
 
Great    A PGE bearing layer within the Great Dyke Complex in Zimbabwe 
Dyke 
Reef 
 
g/t      Grams per tonne, measurement unit of grade (1g/t = 1 part per million) 
 
JORC     Australasian code for reporting of Mineral Resources and Ore Reserves 
code 
 
JSE      JSE Limited 
 
Kroondal Kroondal Platinum Mine or P&SA1 at Kroondal 
 
LHD      Load haul dump machine 
 
Marikana Marikana Platinum Mine or P&SA2 at Marikana 
 
Mimosa   Mimosa Mining Company (Private) Limited 
 
nm       Not measured 
 
PGE(s)   Platinum group elements plus gold.  Five metallic elements commonly 
(6E)     found together which constitute the platinoids (excluding Os 
         (osmium)).  These are Pt (platinum), Pd (palladium), Rh (rhodium), Ru 
         (ruthenium), Ir (iridium) plus Au (gold) 
 
PGM(s)   Platinum group metals plus gold.Aquarius reports the PGMs as 
(4E)     comprising Pt+Pd+Rh plus Au (gold) with the Pt, Pd and Rh being the 
         most economic platinoids in the UG2 Reef 
 
PlatMile Platinum Mile Resources (Pty) Ltd 
 
P&SA1    Pooling & Sharing Agreement between AQPSA and RPM Ltd on Kroondal 
 
P&SA2    Pooling & Sharing Agreement between AQPSA and RPM Ltd on Marikana 
 
R        South African Rand 
 
Ridge    Ridge Mining Limited 
 
ROM      Run of mine. The ore from mining which is fed to the concentrator 
         plant. This is usually a mixture of UG2 ore and waste. 
 
Tonne    1 Metric tonne (1,000kg) 
 
TARP     Trigger Action Response Procedure 
 
UG2 Reef A PGE-bearing chromite layer within the Critical Zone of the Bushveld 
         Complex 
 
 
END