Platmin Share Discussion Threads

[cyberian] 09/11/2007 22:30

On 2/10 appears that Karrick (Mittel family) bought at 502.5p two blocks of 6,532,630, and 3,143,750 for a total of 9,676,380 which matches the same figure mentioned on google search in name Karrick Ltd. Tonight on Canadian tsx they mention Karrick purchase of 9,577,951 at C$9.90 from CDC Group effective 23/11, and at same time sale by latter of 11,122,049 to Mineral Securities at the same price effective January '08...that gives latter 26,351,819 or 27.2%. Not sure if Karrick purchases are the same? Plus we have the annoucement of a minimum funding placement of C$150 million plus by various Canadian financial names. Not sure how this fits in with appointment of Standard Bank just a few days earlier on 2/10 to raise $200 million again for the "Pilanesberg Platinum Project!!!!?????

[utwiq] 09/11/2007 19:24

An article by mineweb on platinum juniors (with the relevant extract):



Platmin (AIM:PPN, TSX:PPN), also among the fund's top five picks, could be acquired by platinum producer Lonmin, which already holds a stake (22.5%) in the company. Interestingly, a "huge" share block of $100m in the company was recently exchanged between a fund and another party.

[utwiq] 09/11/2007 19:15

the news is available at the head of the page:
1. raising $150m by share offering
2. sale by major shareholder (CDC?) of its stake to Karrick (Mittal family I think) and MXX at the price of C$9.90, so above the current price
not what I expected (certainly not MXX increasing its stake like that)

[utwiq] 09/11/2007 18:44

Platmin has halted trading in Canada, pending news.

As someone who is very overweight in MXX, which holds a major stake in PPN, I have to say I am half hoping for a cash takeover, say at a 30% premium, freeing up almost £100m for MXX, which is pretty close to its MCap. Unlikely certainly (not sure what the news will be however) and probably shortsighted on my part.

[pillion] 03/11/2007 18:25

Platinum said on Friday that it was planning to build a 250 000 oz/y mine with a life of 16 years in the Bushveld Complex

[lonrho] 10/10/2007 10:53

just bought some of these at 4.05,rated on a reserves basis about half the level of lonmin,as production nears this discount should narrow or a buy out becomes more attractive.

[utwiq] 09/10/2007 08:45

From an article in www.mineweb.com today (entitled "A dozen for the Christmas stocking"):

Among platinum stocks, Platmin (PPN, C$7.91) continues to stand out. Lonmin (LMI.L, £35.29) increased its stake in this junior platinum stock to 22%, during July, at +C$9.00 a share. Platmin owns the asset base and uncommitted concentrate to graduate to a 500 000 ounce a year fully integrated PGM (platinum group metal) producer by 2012. Mineral Securities (MXX.L, £0.77) may be the preferred (but illiquid) entry to Platmin.

[whealan] 30/7/2007 10:59

Could be. In a recent financial report the CEO (?the Chairman?) said something along the lines that they intended building their own smelter while remaining independent but remarked that everything has its price. A fairly pointed public utterance I think.

[cyberian] 30/7/2007 10:33

Rumours heard of a 600p take-out...but only rumours!!

[drillabit] 27/7/2007 22:04

in platmins aim prospectus it says that 2 big shareholders (cdc and minsec) are locked in till mid-Aug. these guys own about 40% of platmin and lonmin have 20%. so i'm thinking to buy platmin as lonmin may try a takeover. thoughts, anyone?

[lasata] 24/7/2007 14:37

LONDON (Dow Jones)--Platmin said Tuesday that it has increased its attributable Indicated Mineral Resources (3PGE+Au) for the UG2 Chromitite Layer on the Grootboom Project by 165%, and has added new Inferred Mineral Resources from the Merensky Reef.

[lasata] 16/7/2007 18:52

Mineweb:

INDEPENDENT SMELTER PLANNED
Platmin gets green light for its first platinum mine
TSX and AIM listed platinum junior Platmin has completed a positive bankable feasibility study for its Pilanesberg project on the western limb of South Africa's Bushveld complex.

Author: Tessa Kruger
Posted: Monday , 16 Jul 2007

Johannesburg -

Platinum junior Platmin (PNN: TSX, AIM) has got the final green light for its key Pilanesberg project and will now proceed to raise the R1.6 billion ($239 918million) of capex for the mine's development.

Chief executive officer Ian Watson told Mineweb today production would be ramped up in the first quarter of 2009 - after two open pit mines were developed on the company's Pilanesberg property on the western limb of the Bushveld complex.

Watson said Platmin's board was still considering the various options of raising funds for the mine's construction and would announce its plans in a few months. He said the money would be raised in various phases.

The bankable feasibility study on the Pilanesberg project confirmed economics for a 16-year mine to produce 250,000 ounces a year of 3PGE (platinum, palladium, rhodium) and gold in concentrate in the first 11 years.

Watson said the final study improved the findings of the feasibility study as its internal rate of return proved slightly higher at 21.7% in real terms and 31.3% in nominal terms. The study set the average operating margin over the life of mine at 46%.

Platmin has not been approached yet by mining companies seeking a platinum asset in the near production phase. The company's strategy was to be an independent organisation with its own smelter.

"However, everything has its price," he added.

Platmin is going ahead with a feasibility study on constructing an independent smelter in various locations in the Pilanesberg area. The company believes it will reach the "critical mass" of 500,000 PGM ounces required for smelter construction with the completion of its Mphatele project's feasibility study by the end of the year.

Watson said the positive completion of the feasibility study was a major milestone in the life of the company and Platmin was looking forward to take stakeholders on a tour of construction on its property.

He said the pre-feasibility study showed that the project would be 70% viable. The bankable study raised viability of the Pilanesberg project to 90%.

The bankable feasibility study was based on platinum, palladium, rhodium and gold. But ruthenium and iridium are also present in the Pilansberg project's ore and thus has the potential to improve project values at current stronger prices (of ruthenium and iridium).

[kasman] 16/7/2007 14:46

Platmin Feasibility Study Results


RNS Number:3118A
Platmin Limited
16 July 2007



NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER UNITED STATES NEWSWIRE
SERVICES



PLATMIN LIMITED
6 EcoFusion Office Park,
Block B, 324,
Witch-Hazel Avenue,
Highveld Park X59, 0157
Centurion, 0067
South Africa

Market Release

July 16, 2007


PLATMIN POSTS POSITIVE FEASIBILITY STUDY RESULTS AND DEVELOPMENT GO-AHEAD OF
PILANESBERG PROJECT



TORONTO: Platmin Limited ("Platmin", TSX/AIM: PPN) is pleased to announce the
results of its Feasibility Study on its Tuschenkomst and Ruighoek properties,
which form part of the Pilanesberg Project.



In this Market Release "3PGE+Au" means: Platinum ("Pt"), Palladium ("Pd"),
Rhodium ("Rh") and Gold ("Au"). The Mineral Resource and Reserve estimates were
carried out by SRK Consulting of Johannesburg ("SRK"), as part of SRK's
independent assessment of the Pilanesbers Project. Information contained in this
Market Release is based on a National Instrument 43-101 (Standards of disclosure
for Mineral projects) ("NI" or "National Instrument 43-101") and Canadian
Institute of Mining, Metallurgy and Petroleum (commonly known as the "CIM"
standards) compliant Independent Technical Report ("Pilanesberg ITR") which will
be filed on SEDAR shortly and will subsequently be available to be downloaded
from www.sedar.com.

.



Highlights from the Pilanesberg Feasibility





* The positive results of the Pilanesberg Project Feasibility Study ("FS
") confirm a robust project. Platmin's Board of Directors has given approval to
proceed with the development of the project.



* FS completed by SRK Consulting ("SRK"), based on Proven and Probable
PGE Mineral Reserves totalling 4.4 million ounces ("Moz") of 3PGEs + Au (3.2 Moz
attributable to Platmin).



* Life of Mine ("LoM") 16 years with production planned to commence
early 2009 with an average production rate of 250,000 oz/year 3PGE+Au in
concentrate for the first 11 years.



* Base Case Internal Rate of Return ("IRR") of 21.7% in real terms and
31.3% in nominal terms (ungeared after tax).



* Base Case Net Present Value at an 8% real discount rate (ungeared
after tax) ("NPV (8%)") of ZAR1.82 billion (US$260 million).



* Payback period on capital of 2.5 years following first production.



* Average operating margin of 46% over LoM.



* The presence of Ruthenium and Iridium in ores and concentrates which
will be co-produced with the 3PGEs has the potential to improve project values,
positively affecting the IRR and NPV of the project.



* Engineering firm Dowding Reynard and Associates ("DRA") has been
appointed to implement the design and construction phase of the project.



"Operation of two open pits enables production to be ramped up rapidly,
resulting in acceleration to steady state production of 250,000 3PGE+Au oz/year
within the first year of production which commences early in 2009 and with
production reaching a peak of 296,000 3PGE+Au in 2010" said Mr. Ian Watson,
Chief Executive Officer of Platmin.



Mr. Keith Liddell Executive Deputy Chairman of Platmin said that "this
development milestone further advances Platmin's strategy of becoming a
significant independent PGE producer. Platmin is now in the process of
considering various funding options over the near term" and added that "Platmin
remains confident that the M'Phatlele Project will provide the mineral resources
required to provide the critical mass necessary to continue our investigations
into building an independent smelter".



Mr. Kwape Mmela, Platmin's Chief Strategy Officer said that "the positive
feasibility gives Platmin the ability to make a meaningful contribution to the
local community in the Pilanesberg Project area".



Platmin holds a 72.39% indirect interest in the Pilanesberg Project through
Pilanesberg Platinum Mines (Pty) Limited, a wholly owned subsidiary of Boynton
Investments (Pty) Ltd., Platmin's operating subsidiary in South Africa.





PILANESBERG PROJECT FEASIBILITY STUDY

[initiate] 06/7/2007 18:54

Found this from 29th June

LONDON (Thomson Financial) - Platmin Ltd said its feasibility study is nearing completion and will be announced shortly.

Last week, Platmin had said the latest results from its M'Phatlele project in South Africa for the first phase and second phase drilling are encouraging. [e-mail] bsu/bsd

[hardcarbon] 06/7/2007 15:21

Someone knows something?

[koshka29] 06/7/2007 08:52

Looks like it could be an interesting day. Any particular reason why?

[hardcarbon] 06/7/2007 08:46

Quiet around here.

[jonnyboy1] 21/5/2007 13:30

Sell the lot. Bad drill result out soon.

[markralph] 10/5/2007 11:17

guess everyone prefers PLAA ??!?

I have both but am amazed at how quiet this thread is. still got further to go i reckon.....

[markralph] 10/5/2007 08:09

hardcarbon- id say! from 320 (odd) from start of Apr, keep on hearing good things about this one....Lonmins have 20% stake, plat at all time high, bid rumours from canadian barrick, huge vols on TSX etc etc.
Still a BUY in my view!!

[hardcarbon] 08/5/2007 14:50

I'm here markralph. Happy with your investment so far?

[markralph] 04/5/2007 08:19

Barrick bid rumour gets stronger = I buy more!

[hardcarbon] 26/4/2007 23:06

I've only just spotted this. Fantastic 99% increase in measured and indicated resource at Pilanesberg!

Platmin Updated Pilanesberg resource


RNS Number:6214V
Platmin Limited
26 April 2007


NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER UNITED STATES NEWSWIRE
SERVICES


PLATMIN LIMITED
Solar Place
5 Eddington Crescent
Highveld Technopark
Centurion, 0067
South Africa

News Release
April 26, 2007


Measured and Indicated Mineral Resources attributable to Platmin from
Tuschenkomst and Ruighoek have increased by 99%

TORONTO: Platmin Limited ("Platmin", TSX/AIM: PPN) is pleased to announce the
results of updated Mineral Resource estimates on its Tuschenkomst and Ruighoek
properties, which form part of the Pilanesberg Project.

In the case of both properties the Mineral Resource estimates were carried out
by SRK Consulting of Johannesburg ("SRK"), as part of SRK's independent
assessment of the Pilanesberg Project. Information contained in this release is
based on a National Instrument 43-101 compliant Independent Technical Report
(the "April 2007 Independent Technical Report" or the "April ITR") which will be
filed on SEDAR shortly and available to be downloaded from www.sedar.com.

Highlights

Mineral Resources

* Tuschenkomst - An updated Measured and Indicated Mineral Resource
estimate of 66.8 million tonnes ("Mt") at 2.09 g/t (3PGE+Au) for a total of 4.49
million ounces has been defined by SRK at Tuschenkomst. The revised Mineral
Resource estimate is in the context of bulk mining as detailed below. This
represents a 58% increase in estimated Measured and Indicated Mineral Resources,
being an increase of 1.66 Moz in contained 3PGE+Au ounces from the previous
estimation of 2.83 Moz.

* Ruighoek - An updated Mineral Resource estimate for Ruighoek has
increased the "Shallow" Indicated Mineral Resource (0-200m below surface) to
12.0 Mt at 3.07 g/t (3PGE+Au) for a total of 1.18 Moz . This represents an
increase in estimated Indicated Mineral Resources of 0.15 Moz, or 14.5% increase
in contained ounces (3PGE+Au) from the previous estimation of 1.03 Moz .

* Attributable to Platmin - Mineral Resources attributable to Platmin
from the Tuschenkomst and Ruighoek deposits have changed and reflect an increase
of the estimated Mineral Resources and also changes in the underlying ownership
of Platmin's subsidiaries. Measured and Indicated Mineral Resources attributable
to Platmin from Tuschenkomst and Ruighoek have increased by 99% or 2.04 Moz of
contained Metal (3PGE+Au). The estimated Measured and Indicated Mineral
Resources attributable to Platmin at the Pilanesberg Project are 57.07Mt at
2.24 g/t 3PGE+Au for 4.10 Moz, and attributable Inferred Mineral Resources are
28.35Mt at 4.54 g/t 3PGE+Au for 4.13 Moz.

Mining Options

The April 2007 Independent Technical Report indicates that:

* The preferred mining option for the Pilanesberg Project is to mine the
Tuschenkomst and Ruighoek PGE deposits in two large open cast mines with
treatment of ores through two conventional Merensky and UG2 flotation
concentrators ("Concentrator") at a combined production rate of approximately
250,000 ounces 3PGE+Au per annum in concentrate.

* On Tuschenkomst, all the silicate reefs (Merensky ("MR"), Upper Pseudo
("UPR") and Lower Pseudo ("LPR")) may be suitable to be bulk mined as a package
together with the parting material consisting of Merensky Footwall
Mineralisation, "MRFW" and Pseudo Reef Harzburgite Mineralisation ("PRHZB"). The
UG2 Chromitite Layer ("UG2") is being evaluated for selective mining. Some of
the lower grade material arising from bulk mining of the silicate reef package
(MR, MRFW, UPR, PRHZB and LPR) on Tuschenkomst would be treated through a dense
media separation ("DMS") plant to remove low grade material and waste prior to
milling.

* On Ruighoek, the deposit is being considered for selective mining of
the four individual reefs (MR/UPR/LPR/UG2). The main reason for this is the
absence of significant Merensky Footwall and Pseudo Reef Harzburgite
mineralisation in the Ruighoek deposit.

Feasibility Study

* The Pilanesberg Project "Bankable Feasibility Study" ("BFS") is
underway with SRK engaged as the independent consultant. It is anticipated that
the BFS will be completed shortly. The updated Mineral Resource estimate
described in this release forms the Mineral Resource base for the BFS. The BFS
will be a feasibility study within the meaning of NI 43-101 of the Canadian
Securities Administrators.

Summary of Mineral Resources

Summary of Mineral Resources for Tuschenkomst (bulk mining option) and Ruighoek
(selective mining) - April 2007.

Property Tonnage Grade Metal Ratio Contained Precious Base Metals
Metal
('000 3PGE+Au Pt :Pd :Rh : 3PGE+Au Ni Cu Ni Cu
Au
tonnes) g/t %:%:%:% kg Oz ('000) ppm ppm tonnes tonnes
Measured Mineral Resource
Tuschenkomst 2,945 4.76 60:28:10:2 14,030 451 559 143 1,650 420
Total Measured 2,945 4.76 60:28:10:2 14,030 451 559 143 1,650 420

Indicated Mineral Resource
Tuschenkomst 63,895 1.97 61:28:7:4 125,560 4,037 947 219 60,520 14,020
Ruighoek 12,001 3.07 62:28:7:3 36,830 1,184 751 173 9,010 2,080
Total Indicated 75,895 2.14 61:28:7:4 162,390 5,221 916 187 69,530 16,100

Tuschenkomst Only 66,840 2.09 61:28:8:3 139,590 4,488 930 216 62,170 14,440
Measured +
Indicated

Total Measured + 78,841 2.24 61:28:7:4 176,420 5,672 903 185 71,180 16,520
Indicated

Inferred Mineral Resource
Ruighoek1 17,708 4.33 63:28:7:2 76,600 2,463 900 300 15,930 5,320
Total Inferred 17,708 4.33 63:28:7:2 76,600 2,463 900 300 15,930 5,320

Notes to above Table

(1) The preferred mining method for the Inferred Mineral Resource on Ruighoek
has not been evaluated.

PILANESBERG PROJECT

The Tuschenkomst and Ruighoek properties form part of Platmin's Pilanesberg
Project which is situated approximately 60km north-west of Rustenburg, a major
centre of the platinum mining industry in South Africa.

SRK has prepared the April 2007 ITR updating Mineral Resource estimates on
Tuschenkomst and Ruighoek as reported in this release. The updated Mineral
Resource estimates reported in the April ITR was evaluated within the context of
potential mining scenarios. The April ITR reported that the optimum mining and
process route consists of:

* bulk mining the silicate reefs at Tuschenkomst from the top of the MR
to the base of the LPR and selectively mining the UG2 reef, with processing of
the ores through separate UG2 and silicate Concentrator;

* selective mining of all reefs (MR, UPR, LPR and UG2) at Ruighoek and
transporting the ore by road to the Concentrator at Tuschenkomst; and

* upgrading the bulk silicate reef package in areas away from the higher
grade pothole areas at Tuschenkomst through a DMS plant to remove waste and low
grade material before milling (subject to further confirmation by metallurgical
testing expected shortly).

Mineral Resources

SRK re-estimated the Tuschenkomst Mineral Resource to incorporate the
mineralised parting material between the MR and UPR (known as the Merensky
Footwall Mineralisation ("MRFW")) and mineralised material between the UPR and
LPR (known as the Pseudo Reef Harzburgite Mineralisation ("PRHZB")). The MRFW
and PRHZB contain PGE mineralisation particularly within and close to pothole
areas, where the MR reef is close to, or potholed onto the UPR.

The new Mineral Resource for Tuschenkomst is shown in the table below and
indicates the amount of additional mineralisation contributed by the MRFW and
PRHZB material. The Mineral Resource estimation carried out by SRK contains 66.8
Mt at 2.09 g/t (3PGE+Au) for a total of 4.49 Moz. Of this 2.9 Mt of UG2 and LPR
at a combined grade of 4.76 g/t 3PGE+Au for 0.45 Moz is within the Measured
Mineral Resource category with the remainder classified as an Indicated Mineral
Resource. This Measured and Indicated Mineral Resource represents a 58% increase
in contained 3PGE+Au ounces from the previous estimation of 2.83 Moz.

Mineral Resource Statement for Tuschenkomst 135JP - April 2007

Reef Tonnage Grade Metal Ratio Contained Precious Base Metals
Metal
('000 3PGE+Au Pt :Pd :Rh : 3PGE+Au Ni Cu Ni Cu
Au
tonnes) g/t %:%:%:% kg Oz ppm ppm tonnes tonnes
('000)
Measured Mineral Resource
Lower Pseudo 1,172 2.66 59:31:4:6 3,120 100 1,405 360 1,650 420
UG2 1,773 6.15 60:27:12:1 10,910 351
Total 2,945 4.76 60:28:10:2 14,030 451 559 143 1,650 420
Indicated Mineral Resource
Merensky 2,757 4.01 66:24:5:5 11,060 356 1,500 868 4,140 2,390
Merensky 26,182 1.01 61:28:6:5 26,400 849 373 171 9,760 4,470
Footwall
Upper Pseudo 4,345 4.32 61:30:5:4 18,770 603 1,744 494 7,580 2,150
Pseudo Reef 19,554 0.90 59:30:5:6 17,530 564 1,658 168 32,420 3,290
Harzburgite
Lower Pseudo 4,707 2.80 59:31:4:6 13,160 423 1,406 364 6,620 1,720
UG2 6,349 6.09 61:27:12:1 38,640 1,242
Total 63,895 1.97 61:28:7:4 125,560 4,037 947 219 60,520 14,020
Measured + Indicated Mineral Resource
Total 66,840 2.09 61:28:8:3 139,590 4,488 930 216 62,170 14,440

Notes to above Table

(1) Mineral Resource estimate reported in the context of Bulk Mining - SRK March
2007.

A revised Mineral Resource was also estimated for the Ruighoek mineral deposit
with selective mining of the four individual reefs (MR/UPR/LPR/UG2) being
reported as the optimal mining method. The revised Mineral Resource estimate for
Ruighoek has increased the "Shallow" Indicated Mineral Resource (0-200m below
surface) to 12.0 Mt at 3.07 g/t (3PGE+Au) for a total of 1.18 Moz. This
represents an increase of 0.15 Moz or in contained 3PGE+Au ounces from the
previous estimation of 1.03 Moz In addition to the Indicated Mineral Resource
on Ruighoek an Inferred Mineral Resource is also present. The Inferred Mineral
Resource estimate has decreased slightly and reflects a portion of the previous
Inferred Mineral Resource estimate being upgraded to an Indicated Mineral
Resource estimate.

Mineral Resource Statement for Ruighoek 169JP (portions 1-4, 6, 9 and 15) -
April 2007

Reef Tonnage Grade Metal Contained Precious Base Metals
Ratio Metal
('000 3PGE+Au Pt :Pd :Rh 3PGE+Au Ni Cu Ni Cu
:Au
tonnes) g/t %:%:%:% kg Oz ('000) ppm ppm tonnes tonnes
Indicated Mineral Resource1
Merensky 3,300 3.44 64:27:5:4 11,370 365 1,012 328 3,340 1,080
Upper Pseudo 2,195 1.77 62:29:5:4 3,880 125 1,090 190 2,390 420
Lower Pseudo 2,968 1.96 61:31:3:5 5,810 187 1,106 194 3,280 580
UG2 3,538 4.46 62:27:11:1 15,780 507
Total 12,001 3.07 62:28:7:3 36,830 1,184 751 173 9,010 2,080
Inferred Mineral Resource2
Merensky 4,921 5.09 65:27:4:4 25,050 805 1,576 674 7,750 3,320
Upper Pseudo 1,964 3.53 61:31:5:3 6,940 223 1,532 373 3,010 730
Lower Pseudo 3,782 2.93 61:31:4:5 11,070 356 1,367 336 5,170 1,270
UG2 7,041 4.76 62:27:11:0 33,540 1,079
Total 17,708 4.33 63:28:7:2 76,600 2,463 900 300 15,930 5,320

Notes to above Table

(1) Indicated Mineral Resource to 200m below surface includes diluting
material - estimated by SRK March 2007.

(2) Inferred Resource Mineral undiluted - estimated by RSG Global May 2006

Total Mineral Resources for the entire Pilanesberg Project have been updated and
are summarised in the Table below. The entire Pilanesberg Project includes
Ruighoek and Tuschenkomst as well as portions of 6 other properties. Of these
other properties, resources have also been defined on Witkleifontein and
Rooderand. Total Measured and Indicated Mineral Resources now stand at 78.8 Mt
at 2.24 g/t 3PGE+Au for 5.67 Moz. Inferred Mineral Resources now total 39.2 Mt
at 4.54 g/t 3PGE+Au for 5.71 Moz.

The National Instrument 43-101 compliant Independent Technical Report (the April
2007 Independent Technical Report) prepared in accordance with the Canadian
Institute of mining, Metallurgy and Petroleum commonly known as the CIM
standard) for the revised Mineral Resource estimates on Tuschenkomst and
Ruighoek as disclosed in this release is due for filing on SEDAR shortly and
will be available for download at www.sedar.com.

Mineral Resource Statement for the Pilanesberg Project - April 2007

Property Tonnage Grade Metal Ratio Contained Base Metals
Precious Metal
('000 3PGE+Au Pt :Pd :Rh : 3PGE+Au Ni Cu Ni Cu
Au
tonnes) g/t %:%:%:% kg Oz ppm ppm tonnes Tonnes
('000)
Measured Mineral Resource
Tuschenkomst 2,945 4.76 60:28:10:2 14,030 451 559 143 1,650 420
Total Measured 2,945 4.76 60:28:10:2 14,030 451 559 143 1,650 420

Indicated Mineral Resource
Tuschenkomst 63,895 1.97 61:28:7:4 125,560 4,037 947 219 60,520 14,017
Ruighoek 12,001 3.07 62:28:7:3 36,830 1,184 751 173 9,010 2,077
Total Indicated 75,895 2.14 61:28:7:4 162,390 5,221 916 187 69,530 16,095

Total Measured + 78,841 2.24 61:28:7:4 176,420 5,672 903 185 71,180 16,516
Indicated

Inferred Mineral Resource
Ruighoek 17,708 4.33 63:28:7:2 76,600 2,463 900 300 15930 5320
Witkleifontein1 16,331 4.70 61:29:8:3 76,700 2,465 894 314 14,600 5,130
Rooderand1 5,134 4.75 61:29:8:3 24,400 785 512 271 2,630 1,390
Total Inferred 39,173 4.54 62:29:7:2 177,700 5,713 846 302 33,160 11,840

Notes to above Table

(1) Mineral Resource estimates previously reported in Platmin's Independent
Technical Report entitled "Platmin Limited's South African Platinum Mineral
Properties" dated May 15, 2006 which was filed to SEDAR on August 10, 2006

(2) Ni and Cu estimates have not been completed for all reefs.

(3) Apparent inconsistencies between grades, tonnage and contained metal may
arise due to rounding.

Attributable Mineral Resources

Mineral Resources attributable to Platmin from the Tuschenkomst and Ruighoek
Mineral deposits have changed and reflect upgrading of the Mineral Resource
estimates and also changes in the underlying ownership of Platmin's
subsidiaries. Measured and Indicated Mineral Resources attributable to Platmin
from both Tuschenkomst and Ruighoek have increased by 98.9% or 2.04Moz of
contained Metal (3PGE+Au). Inferred Mineral Resources (which are only applicable
to Ruighoek) have decreased by 15.9% or 0.34Moz of contained Metal (3PGE+Au). A
summary of Mineral Resources attributable to Platmin for the entire Pilanesberg
Project are presented below.

Platmin Attributable Mineral Resource Statement for the Pilanesberg Project -
April 2007

Property Tonnage Grade Metal Ratio Contained Base Metals
Precious Metal
('000 3PGE+Au Pt :Pd :Rh : 3PGE+Au Ni Cu Ni Cu
Au
tonnes) g/t %:%:%:% kg Oz ppm ppm tonnes tonnes
('000)
Measured Mineral Resource
Tuschenkomst 2,132 4.76 60:28:10:2 10,160 327 559 143 1,190 300
Total Measured 2,132 4.76 60:28:10:2 10,160 327 559 143 1,190 300

Indicated Mineral Resource
Tuschenkomst 46,253 1.97 61:28:7:4 90,900 2,922 947 219 43,810 10,150
Ruighoek 8,687 3.07 62:28:7:3 26,660 857 751 173 6,520 1,500
Total Indicated 54,941 2.14 61:28:7:4 117,560 3,780 916 187 50,330 11,650

Total Measured + 57,073 2.24 61:28:7:4 127,720 4,106 903 185 51,520 11,950
Indicated

Inferred Mineral Resource
Ruighoek 12,819 4.33 63:28:7:2 55,450 1,783 900 300 11530 3,850
Witkleifontein1 11,822 4.70 61:29:8:3 55,520 1,784 894 314 10,570 3,720
Rooderand1 3,717 4.75 61:29:8:3 17,660 568 512 271 1,900 1,000
Total Inferred 28,357 4.54 62:29:7:2 128,630 4,135 846 302 24,000 8,570

Notes to above Table

(1) Mineral Resource estimates previously reported in Platmin's Independent
Technical Report entitled "Platmin Limited's South African Platinum Mineral
Properties" dated May 15, 2006 which was filed to SEDAR on August 10, 2006

(2) Attributable Mineral Resources calculated on the basis of Platmin's
72.39% interest in Boynton and Boynton's 100% interest in Pilanesberg Platinum
Mines.

(3) Ni and Cu estimates have not been completed for all reefs.

(4) Apparent inconsistencies between grades, tonnage and contained metal may
arise due to rounding.

Feasibility Study

It is anticipated that the BFS will be completed shortly. The April ITR Report
has indicated that the Tuschenkomst and Ruighoek PGE deposits should optimally
be mined in two large open cast operations with treatment of ores through two
conventional Merensky and UG2 flotation concentrators. The BFS contemplates
mining 3.78 and 0.6 Mt of ore per annum from the Tuschenkomst and Ruighoek open
cast operations respectively for an estimated combined total annual production
of 250,000 ounces 3PGE+Au in concentrate.

Some of the lower grade material arising from the bulk mining of the silicate
reef package (MR, MRFW, UPR, PRHZB and LPR) on Tuschenkomst will be treated
through a DMS plant to remove low grade material and waste prior to milling.

Quality Assurance, Quality Control and Qualified Persons

Exploration at the Tuschenkomst Property of the Pilanesberg Project is being
conducted under the supervision of Mr Grant Hayward a Senior Project Geologist.
Mr Hayward (BSc. Geology) is a geologist with more than 18 years experience in
precious metals exploration and mining and is a registered Professional Natural
Scientist ("Pr.Sci.Nat.") with the South African Council of Natural Scientific
Professions ("SACNASP"). Mr Hayward is an employee of Platmin and has
contributed to the content of this release.

Exploration at the Ruighoek Property of the Pilanesberg Project is being
conducted under the supervision of Mr John Astrup, Platmin's Exploration
Manager. Mr Astrup (M.Sc. Exploration Geology) is a registered Professional
Natural Scientist ("Pr.Sci.Nat.") with the South African Council for Natural
Scientific Professions ("SACNASP") and has 10 years of experience in PGM, Ni, Cu
exploration. Mr. Astrup is an employee of Platmin and has contributed to the
content of this release.

Project Management at the Pilanesberg Project (covering all aspects of the
Bankable Feasibility Study) is being conducted under the supervision of Dr Paul
Woolrich, a geologist with over 30 years experience in the exploration and
mining industry, focusing on gold, PGE and base metals throughout the world. Dr
Woolrich is a Member of the AusIMM.

Group Exploration Manager, Mr John Astrup, the Company's Qualified Person (as
defined in National Instrument 43-101 (Standards of disclosure for Mineral
projects)) for the Pilanesberg Project is responsible for the technical material
in this release, excluding the mineral resource estimate. Mr Astrup has verified
the data disclosed in this release, including the drillcore sampling, analytical
and the data underlying the resource estimation. Mr John Astrup (M.Sc.
Exploration Geology) is a registered Professional Natural Scientist ("
Pr.Sci.Nat.") with the South African Council for Natural Scientific Professions
("SACNASP") and has 10 years of experience in PGM, Ni, Cu exploration.

Drill holes were drilled with a combination of diamond drill core of size 47.6mm
in diameter ("NQ"), diamond drill core of size 61mm in diameter ("TNW") and
diamond drill core of size 65mm in diameter ("HMLC") core; where reef
intersections are expected to be in weathered material, drilling comprises
triple tube drilling with HMLC sized core. Fresh reef intersections are cut with
either NQ or TNW core depending on the drill rig used. The core is logged by
qualified geologists and mineralised intervals are identified and sampled.
Sample intervals are kept to approximately 20cm width and core is then split by
means of a diamond saw. Geological logging and sampling was carried out under
the supervision of Mr Hayward and Mr Astrup. Further details of Platmin's
geological procedures have been reported in Platmin's Independent Technical
Report dated May 15, 2006.

Samples are submitted to SGS Lakefield Research Africa Laboratories in
Johannesburg ("Lakefield") where they are prepared and analysed for Pt, Pd, Au,
Rh, Ni and Cu. Lakefield is an ISO 17025 accredited laboratory. Pt, Pd and Au
analyses were carried out using a lead fire assay technique with a silver
collector and ICP-OES finish, Rh is analysed with a separate lead fire assay
using a palladium collector and ICP-OES finish. Ni and Cu analysis is done by
Aqua Regia with an AA finish and reflect the acid soluble metal content. Quality
Assurance, Quality Control ("QA/QC") procedures include the submission of
certified standards with every reef intersection submitted. Results of the
standards are analysed on a batch by batch basis as is all internal QA/QC
included by the laboratory with includes laboratory repeats, standards and
blanks. Prior to major revisions to the resource estimates, a selection of pulps
that have been returned from Lakefield are relabelled and resubmitted to
Lakefield for check analyses, in addition further pulps are submitted to an
independent second or referee laboratory (Genalysis Laboratory Services (Pty)
Limited). Further details of Platmin's QA/QC procedures have been described in
Platmin's Independent Technical Report dated May 15, 2006.

Mr Victor Simposya is employed by SRK Consulting and is the Qualified Person (as
defined in National Instrument 43-101 (Standards of disclosure for Mineral
projects)) for the Mineral Resource estimation on the Tuschenkomst Property
reported in this release. He is registered with the South African Council for
Natural Scientific professions ("Pr.Sci.Nat") and has 28 years experience as a
geologist and 17 years in mineral resource estimation. The Tuschenkomst reef
models were generated from composites of the drillhole reef picks. There are
two main facies identified, pothole and contact and geostatistical modelling of
the variables within each reef were constrained to the boundaries of the facies.
A 2D geostatistical modelling approach was adopted for each facies and
estimation was based on the reef width and accumulations of width and grade
variables using ordinary co-kriging. The search parameters were developed based
on the quality of the mineralised width estimates.

Drillhole sampling in the MRFW and PRHZB zones is incomplete with either
portions of the intersected zones sampled and or the entire drillhole
intersection not sampled. The resource model was based on the total intersected
thickness of the zones but the composites grades were derived from the sampled
intervals over the total intersected thickness. Unsampled drillholes were
assigned zero grade values over the total intersected thickness. The approach
adopted for the geostatistical modelling and grade estimation of the main reefs
was applied for the MRFW and PRHZB intersections within each of the facies.
Estimation was by ordinary kriging into a 2D model of the width and
accumulations within a search neighbourhood developed from the geostatistical
studies.

The grade estimates for the main reefs and the MRFW and PRHZZB were back
calculated from the estimates of width and accumulations and these were then
migrated into the 3D model for each reef.

Mr Mark Wanless is employed by SRK Consulting and is the Qualified Person (as
defined in National Instrument 43-101 (Standards of disclosure for Mineral
projects)) for the Mineral Resource estimation on the Ruighoek Property reported
in this release. He is registered with the South African Council for Natural
Scientific professions ("Pr.Sci.Nat") and has 11 years experience as a geologist
and nine years in mineral resource estimation.

Wireframe surface models are created for the four reef packages, namely the
Merensky, Upper Pseudo, Lower Pseudo and UG2 Reefs (MR, UPR, LPR, and UG2
respectively). Composites are created for each drillhole based on the lithology
and grade, which are used to generate a seam model, by interpolating thicknesses
into the wireframe. The four mineralised layers are consistent across the
property which allows a 2D approach to the mineral resource estimate. A two
dimensional block model is populated with metal accumulations and thickness for
Pt, Pd, Rh and Au utilising ordinary co-Kriging and ordinary Kriging for the two
base metal accumulations. For the MR, the presence of three facies resulted in
the use of simple Kriging and simple co-Kriging with a mean value for each
facies. The two dimensional model was migrated into the three dimensional
framework defined by the seam models.

A dilution envelope of mineralised material was included for each of the four
reefs. The dilution envelope thickness was based on minimum mining cuts
calculated for each drillhole intersection, and interpolated onto the seam model
wireframes. The average grade of the top cut composite values in each dilution
envelope was assigned to the diluting material.

Mr Andre van der Merwe is employed by SRK Consulting and is a Qualified Person
(as defined in National Instrument 43-101 (Standards of disclosure for Mineral
projects)). Mr van der Merwe has compiled the Technical Report covering the
Mineral Resource estimation on the both the Tuschenkomst and Ruighoek Properties
reported in this release. He is registered with the South African Council for
Natural Scientific professions ("Pr.Sci.Nat"), is a Member of the Australasian
Institute of Mining and Metallurgy ("AusIMM") and has 19 years experience as an
exploration and mining geologist.

About Platmin

Platmin is a TSX and AIM (PPN) listed exploration and development company
focused on its four key project areas: Pilanesberg, M'Phatlele, Grootboom, and
Loskop on which PGM mineral resources have been estimated. All of Platmin's
projects are located in the Bushveld Complex of South Africa, which region is
estimated to contain approximately 90% of global platinum resources.

www.platmin.com

For more information


Platmin Limited Grant Thornton Corporate
Finance
6 EcoFusion Office Park, Block (Nomad)
B, 324, Witch-Hazel Street,
Highveld Park X59, 0157
Centurion, 0067 Gerry Beaney [phone]
South Africa

Keith Liddell [phone] Haywood Securities
Executive Deputy Chairman John Willett [phone]


Ian Watson [phone]
Chief Executive Officer

RBC Capital Markets
Craig Werstiuk [phone]




This release contains forward-looking statements that are not historical facts.
Forward-looking statements involve risks, uncertainties and other factors that
could cause actual results, performance, prospects and opportunities to differ
materially from those expressed or implied by such forward-looking statements.
Forward looking statements in this release include, but are not limited to,
statements regarding the estimation of mineral resources and / or reserves,
potential mineralization and mineral resources and/or reserves, exploration
results, the use of or the successful implementation of or any implementation at
all of or otherwise of reported mining options - optimal or not, or the success
of any mining options used in the future including potential open cast mining of
deposits, treatment of ore through conventional concentrators, achieving a
production rate of 250,000 ounces per annum in concentrate or any production at
all, bulk mining of the silicate reefs or selective mining of the UG2
Chromitite Layer, or bulk mining or selective mining of any reef horizons or any
part of any deposit of Platmin, the success of treatment of any material through
a dense media separator plant, positive results from expected metallurgical
testing and also as related to dense media separation or otherwise, upgrading of
mineral resources into mineral reserves or upgrading of inferred mineral
resources or indicated mineral resources into higher mineral resource
categories, the completion of the Pilanesberg Bankable Feasibility Study and/or
the result or outcome of such Bankable Feasibility Study, and all of the
beforementioned as applicable to any of Platmin's Key Projects. Although Platmin
believes that the assumptions and factors used in preparing the forward-looking
statements are reasonable, undue reliance should not be placed on these
statements, which only apply as of the date of this release, and no assurance
can be given that such events will occur in the disclosed time frames or at all.
Platmin disclaims any intention or obligation to update or revise any
forward-looking statement, whether as a result of new information, future events
or otherwise. Furthermore, forward -looking statements reflect the current
expectations and beliefs of the Company based on information currently available
to the Company. Forward-looking statements are subject to a number of risks and
uncertainties that may cause the actual results of the Company to differ
materially from those discussed in the forward-looking statements, and even is
such actual results are realised or substantially realised, there can be no
assurance that they will have the expected consequences to, or effects on the
Company. Factors that would cause actual results or events to differ from
current expectations include, among other things, changes in commodity prices,
changes in equity markets, failure to establish estimated mineral resources or
mineral reserves (the inferred, indicated and measured mineral resource figures
in this release are estimated and no assurance can be given that the reported
levels of minerals will be produced), political risks arising from operating in
Africa, changes to regulations affecting the Company's activities, delays in
obtaining or failures to obtain required regulatory approvals, failure of
equipment, uncertainties relating to the availability and costs of financing
needed in the future, the uncertainties involved in interpreting drilling
results and other geological data, delays in obtaining geological results, and
the other risks involved in the mineral exploration industry. Any
forward-looking statement only speaks as of the date on which it was made and,
except as may be required by applicable securities laws, as mentioned above in
this disclaimer the Company disclaims any intent or obligation to update any
forward-looking statement, whether as a result of new information, future events
or otherwise. As mentioned above, although the Company believes that the
assumptions inherent in the forward-looking statements are reasonable,
forward-looking statements are not guarantees of future performance and
accordingly undue reliance should not be put on such statements due to the
inherent uncertainty therein.



This release does not constitute or form part of any offer or invitation to sell
or issue or any solicitation of any offer to purchase or subscribe for any
securities in any jurisdiction, nor shall it (or any part of it) or the fact of
its distribution form the basis of, or be relied upon in connection with, or act
as any inducement to enter into, any contract or commitment therefore.


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