SPM’s Pilanesberg Platinum Mines (PPM) is situated in the Pilanesberg, in the BC, 207km west of Johannesburg.

In December 2020 SPM announced the expansion of operations at PPM into contiguous deposits of Sedibelo Central, Magazynskraal and Kruidfontein – known as the Triple Crown properties with an estimated resource base in excess of 60 million 4PGE ounces, considered one of the world’s largest undeveloped PGM deposits. The expansion will include the construction of a 110,000 tonnes beneficiation plant, employing cost- and energy-efficient Kell Technology.

SPM’s assets include

90 Moz

of contained 4E PGM resources

Under PPM - shallow, open-pit mine in the Western Limb:

3.5 million tonnes

of run of mine (RoM)

Arrow right

Representing approximately


of total Probable Reserve



of the total Measured and Indicated Resource

Merensky and Upper Group 2 (UG2) concentrator plant:

150 kozpa

of PGMs

66 ktpa

of chrome.

With minimal capital expenditure the life of mine (LoM) has the potential to be extended for another ten years.

Currently the mining strategy is an owner-contractor operation, guided by the owner management and technical staff. PPM’s management team has been able to successfully maintain a good relationship with the contractors which has resulted in minimal disruption to production. The fleet is equipped with the latest Collision Avoidance Technology, thereby enhancing safety.

South-africaSOUTH AFRICA
operations-zoomed-revised-03-30Eastern LimbPolokwaneBokoniTwickenhamMarulaTwo RiversMototoloBooysendal NorthModikwaDe BrochenBooysendal South050EmalahleniGroblersdalBela100 KmLimpopoMogalakwenaMokopaneDwaalkopThabazimbiZondereindeTumelaNCPBritsElandPretoriaJohannesburgCrocodile RiverPandoraEastern &Western PlatsRPMRustenburgImplatsBRPMPilanesbergUnionMain RoadsNCities/TownsPlatinum Operations
Northwest-rev-tnNORTH WEST PROVINCEPILANESBERGLocatie MphahleleEastern LimbWestern LimbMagazynskraalKruidfonteinRooderandRuighoekWitkeifonteinTuschenkomstWilgespruit
Western Limb Type of Operation Mined Tonnes Reef - million Recoverable Ounces - million Life of Mine  
Tuschenkomst (West pit) Open Pit 17.1 1.11 7 PPM
Sedibelo Central (East pit) Open Pit 25.8 1.05 8 PPM
Sedibelo Central Decline Underground Operations - Decline System 19.4 2.59 24 Sedibelo - Triple Crown
Sedibelo East Magazynskraal Decline Underground Operations - Decline System 41.9 4.49 37 Sedibelo - Triple Crown
Ruighoek Pit Open Pit 5.1 0.42 9 PPM
Sedibelo East Magazynskraal Deep Shaft Underground Operations - Vertical Shaft 52.9 6.63 46 Magazynskraal - Triple Crown
Kruidfontein Shaft Underground Operations - Vertical Shaft 40.4 5.95 28 Kruidfontein - Triple Crown
Eastern Limb Type of Operation Mined Tonnes Reef - million Recoverable Ounces Life of Mine  
Mphahlele Decline Ramp Underground Operations - Decline System 33.9 3.83 25 Mphahlele
Mphahlele Deep Shaft Underground Operations - Vertical Shaft 47.3 4.34 22 Mphahlele

Performance highlights

Outstanding Safety record

4x higher

than the industry benchmark

Number of medical treatment cases (“MTC”) and lost time injuries rate (“LTIR”)


Stringent cost control measures resulted in PPMs’ cost inflation being below the average for mining operations in South Africa.

Disciplined capital structure and cash management has meant that SPM’s gearing ratio is well below the industry average, compared to the rest of South Africa’s PGM industry.

Gearing ratio

gearing-revised201620172018201920206%5%10%12%8%15%10%14%14%7%Gearing percentage (%)SPMSA PGM Average

EBITDA growth % 2020 YoY

Increase decrease arrow 862%


spm-rev-1500%20192012201820172016201520142013 EBITDA growth1000%-1000%-500%0%500%20192020

Productivity decrease 2020 YoY

Increase decrease arrow 8%

4e ounce per employee

productive-inrease-rev405060708090100302010201920202018201720162015201420134e ounce/employee

Concerted focus on productivity led to exceptional EBITDA performance. A pipeline of research and development projects is expected to deliver further unit cost reductions.

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