Sylvania Platinum Share Discussion Threads

[plat hunter] 06/10/2021 07:57

SLP effectively surrender the chrome back to samancor for a dollar, not sure the capex would be worth it.

[plat hunter] 05/10/2021 19:19

It's all off the shelf stuff

[martinfrench] 05/10/2021 17:19

i thought tharis's plant is state of the art and unique ?

or can slp just buy off the shelf ?

i'm sure ths can lend them a hand

[rabiddog] 05/10/2021 15:29

Slp also funding ultra fine chrome recovery..no idea what the timescale is though

[rabiddog] 05/10/2021 15:29

Slp also funding ultra fine chrome recovery..no idea what the timescale is though

[plat hunter] 05/10/2021 14:58

THS up 10%


COLD COMMISSIONING OF VULCAN FINE CHROME BENEFICIATION PLANT COMMENCES

Arxo Metals commercialises ultra-fine chrome recovery technology

Tharisa, the platinum group metals (PGMs) and chrome co-producer dual-listed on the Johannesburg and London stock exchanges, today announces that cold commissioning of its Vulcan utra-fine chrome recovery and beneficiation plant ("Vulcan") has commenced.

The timetable to completion of the new US$55 million (~ZAR1 billion) plant remains firmly on track with initial saleable production due before calendar year end.

Once fully commissioned, Tharisa Mine is expected to materially increase its chrome recoveries from ~62% to ~82% resulting in increased chrome production of approximately 20% at low incremental unit operating costs and driving Tharisa further down the cost curve. The plant, which will process live tailings produced by the independent Voyager and Genesis plants, will ensure further beneficiation of the Company's chrome production at the Tharisa Mine, while reducing unit output of carbon emissions, aligned with Tharisa's recently announced decarbonisation plan.

Whilst some final elements of the construction process remain to be completed, Tharisa's engineering team has commenced cold commissioning, with comprehensive testing of the entire circuit, to be completed prior to chrome tailings material entering the plant. Of the total capex, over 90% was procured locally in South Africa, with up to 1 000 contractors locally sourced and over 100 new permanent jobs created.

Vulcan is the first large scale plant to produce chrome concentrates from chrome ultra-fines, consolidating Tharisa's position as a key participant in the beneficiation of chrome production. The concept of Vulcan was developed entirely by Arxo Metals Proprietary Limited, a wholly owned subsidiary of the Company and housing Tharisa's in-house R&D team, to extract the ultra-fine chrome from tailings.

With Tharisa Mine near Rustenburg having a 14-year remaining open pit life and a further 40 years underground, Vulcan will ensure maximum value extraction and beneficiation of the chrome ore. The Tharisa Mine has 860 Mt in mineral resource containing 172 Mt in contained Cr2O3 and 42.8m oz PGMs*.

Internally funded by Tharisa, Vulcan recommenced construction in October 2020, after the lifting of restrictions by the South African government during the height of wave 1 of the COVID-19 pandemic.

Phoevos Pouroulis, CEO of Tharisa, commented:

"Commissioning of the Vulcan plant perfectly exemplifies two Tharisa philosophies: challenging convention through innovation and delivering on our promise of maximising value through beneficiation of every cube mined. Vulcan provides the Company with the ability to further beneficiate our product whilst staying on track to meet our decarbonisation targets, thanks to the dedicated work from Arxo Metals, that has not only delivered the Vulcan process but has also delivered further beneficiation opportunities, including metal alloys and PGM products using non-conventional methodologies. I am particularly proud of the team having achieved this milestone, safely, despite South Africa going through a second and even more hard hitting third wave which saw hundreds of man-hours lost due to COVID-19 infections. Vulcan is an important part of our sustainable growth strategy and ensures that Tharisa continues to drive sustainable returns for all of our stakeholders, while simultaneously pushing us even lower on the cost curve."

Paphos, Cyprus

5 October 2021

[plat hunter] 05/10/2021 11:08

That'll require 100p on the offer here Losta. Doubt you'll get it as quick as you want or need it.True cost of chip shortage still not fully digested by the market imo.

[lostabillion] 05/10/2021 11:02

Come on SLP, hit my 97p limit order please!

Need to get funds over to AVCT before the RNS drops!!!

[cordwainer] 05/10/2021 09:17

A small slice of the global car market. UK new registrations lowest in 20 yrs, meanwhile as many EV registrations in Sept as whole of last year.

[plat hunter] 05/10/2021 08:13

Someone sold 15 pieces for 85p

[plat hunter] 04/10/2021 17:04

Nah.. don't touch pharma's Losta, they don't do it for me. Dig it up and sell it kind of business's are my favourites

[lostabillion] 04/10/2021 16:55

Cheers Plat.
Have you taken a position at AVCT yet?

Should be an interesting last quarter!

[plat hunter] 04/10/2021 16:52

Good luck Losta.

[lostabillion] 04/10/2021 15:57

Just bought back in here. 25k @ 88p for a short term punt.

[plat hunter] 04/10/2021 14:59

88.4 to buy.Not buying this time.

[plat hunter] 04/10/2021 13:14

86.16/87.71.8%

[plat hunter] 04/10/2021 12:41

Gap at 76p on the monthly, so if you're aiming for 80 then maybe be a little braver and sit in cash a little longer whilst, Evergrande and the energy crisis plays out.Just an idea, not advice

[cordwainer] 04/10/2021 12:21

Might take a year or more for PGMs to really heat up again, but I made a small top-up at 86.9p.

[creditcrunchies] 04/10/2021 11:12

I think a lot of peeps have 80p pending orders lined up

[deme1] 04/10/2021 11:10

The worry here is that it may not bounce again having bounced from this level 4 times already.

80p could be hit and I have a buy order in place for that.

[plat hunter] 04/10/2021 09:17

It is frog, i might have a go later but usual pattern is a tightening of the spread to practically nothing before it reverses back.I'll be looking out for that particular signal over anything else for a quick in and out.

[frogkid] 04/10/2021 09:12

This is getting into bargain territory platty

[plat hunter] 04/10/2021 09:10

No, I cancelled it last night as I went to bed.Not SLP related but I'm getting a bit jittery about the energy crisis. I won't be using limit trades for the foreseeable.

[oapknob1] 04/10/2021 09:02

Did your order get filled ?

[plat hunter] 01/10/2021 16:13

I've just stuck a limit deal in for 88Let's see if we can snipe another trade