Wesizwe Platinum Ltd
WEZJ.J – JOHANNESBURG STOCK EXCHANGE
Business Description
Wesizwe Platinum Limited is a platinum group metals (PGMs) mining company. The Company's flagship project, the Bakubung Platinum Mine (BPM, the mine), is located in the Bushveld Complex, near Rustenburg in Northwest province, South Africa. The mining properties are located on portions of the farms Ledig and Frischgewaagd. These two farms are located directly south of the Pilanesberg complex. The BPM project produces PGM concentrates which is sold to downstream smelters as filter cake for value addition in the extraction of previous and commercial base metals. The BPM comprise of an A twin vertical shaft system, comprising a main shaft and service shaft. The main shaft can hoist approximately 250 kilotons per month (ktpm) of ore and over 15 ktpm of waste during the steady-state production. The Company’s subsidiaries are Bakubung Minerals Proprietary Limited, Wesizwe Properties Proprietary Limited, Gabonewe Housing Estate Proprietary Limited, Vaviscan Proprietary Limited, and others.
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