t
| Date | 6 Sept 2021 |
| Time | 07:10:18 |
| Category | Miscellaneous |
| ID | 8073K |
_____________________________________________________________________________________________________________________________
6 September 2021
Sylvania Platinum Limited
("Sylvania" or the "Company")
Sylvania (AIM: SLP) is pleased to announce that an updated corporate presentation is now available for download from the Company's website, www.sylvaniaplatinum.com.
CONTACT DETAILS
|
For further information, please contact: |
|
|
Jaco Prinsloo CEO Lewanne Carminati CFO |
+27 11 673 1171 |
|
|
|
|
Nominated Adviser and Broker |
|
|
Liberum Capital Limited |
+44 (0) 20 3100 2000 |
|
Richard Crawley / Scott Mathieson / Ed Phillips |
|
|
|
|
|
Communications |
|
|
Alma PR Limited |
+44 (0) 20 3405 0205 |
|
Justine James / Harriett Jackson/ Faye Calow |
CORPORATE INFORMATION
|
Registered and postal address: |
Sylvania Platinum Limited |
|
|
Clarendon House |
|
|
2 Church Street |
|
|
Hamilton HM 11 |
|
|
Bermuda |
|
|
|
|
SA Operations postal address: |
PO Box 976 |
|
|
Florida Hills, 1716 |
|
|
South Africa |
|
|
|
Sylvania Website: www.sylvaniaplatinum.com
About Sylvania Platinum Limited
Sylvania Platinum is a lower-cost producer of platinum group metals (PGM) (Platinum, Palladium and Rhodium) with operations located in South Africa. The Sylvania Dump Operations (SDO) comprises six chrome beneficiation and PGM processing plants focusing on the retreatment of PGM-rich chrome tailings materials from mines in the Bushveld Igneous Complex. The SDO is the largest PGM producer from chrome tailings re-treatment in the industry. The Group also holds mining rights for PGM projects and a chrome prospect in the Northern Limb of the Bushveld Complex.
For more information visit https://www.sylvaniaplatinum.com/
ANNEXURE
|
GLOSSARY OF TERMS FY2021 |
|
|
The following definitions apply throughout the period: |
|
|
4E PGMs |
4E PGM ounces include the precious metal elements Platinum, Palladium, Rhodium and Gold |
|
6E PGMs |
6E ounces include the 4E elements plus additional Iridium and Ruthenium |
|
AGM |
Annual General Meeting |
|
AIM |
Alternative Investment Market of the London Stock Exchange |
|
All-in sustaining cost |
Production costs plus all costs relating to sustaining current production and sustaining capital expenditure. |
|
All-in cost |
All-in sustaining cost plus non-sustaining and expansion capital expenditure |
|
ASX |
Australian Securities Exchange |
|
Current risings |
Fresh chrome tails from current operating host mines processing operations |
|
DMRE |
Department of Mineral Resources and Energy |
|
EBITDA |
Earnings before interest, tax, depreciation and amortisation |
|
EA |
Environmental Authorisation |
|
EIA |
Environmental Impact Assessment |
|
EIR |
Effective interest rate |
|
EMPR |
Environmental Management Programme Report |
|
GBP |
Great British Pound |
|
IASB |
International Accounting Standards Board |
|
IFRIC |
International Financial Reporting Interpretation Committee |
|
IFRS |
International Financial Reporting Standards |
|
I&APs |
Interested and Affected Parties |
|
Lesedi |
Phoenix Platinum Mining Proprietary Limited, renamed Sylvania Lesedi |
|
LSE |
London Stock Exchange |
|
LTI |
Lost time injury |
|
MF2 |
Milling and flotation technology |
|
MPRDA |
Mineral and Petroleum Resources Development Act |
|
MRA |
Mining Right Application |
|
MTO |
Mining Titles Office |
|
NOMR |
New Order Mining Right |
|
NWA |
National Water Act 36 of 1998 |
|
Option Plan |
Sylvania Platinum Limited Share Option Plan |
|
PGM |
Platinum group metals comprising mainly platinum, palladium, rhodium and gold |
|
PAR |
Pan African Resources Plc |
|
Phoenix |
Phoenix Platinum Mining Proprietary Limited, renamed Sylvania Lesedi |
|
Pipeline ounces |
6E ounces delivered but not invoiced |
|
Pipeline revenue |
Revenue recognised for ounces delivered, but not yet invoiced based on contractual timelines |
|
Pipeline sales adjustment |
Adjustments to pipeline revenues based on the basket price for the period between delivery and invoicing |
|
Programme |
Sylvania Platinum Share Buyback Programme |
|
Project Echo |
Secondary PGM Milling and Flotation (MF2) program announced in FY2017 to design and install additional new additional fine grinding mills and flotation circuits at Millsell, Doornbosch, Tweefontein and Mooinooi. |
|
Revenue (by products) |
Revenue earned on Ruthenium, Iridium, Nickel and Copper |
|
RoM |
Run of mine |
|
SDO |
Sylvania dump operations |
|
Shares |
Common shares |
|
Sylvania |
Sylvania Platinum Limited, a company incorporated in Bermuda |
|
USD |
United States Dollar |
|
WIP |
Work in progress |
|
WULA |
Water Use Licence Application |
|
UK |
United Kingdom of Great Britain and Northern Ireland |
|
ZAR |
South African Rand |