PORT LOUIS, MAURITIUS, April 29, 2015: African Thunder Platinum Limited (“ATP” or the “Company”) is pleased to announce that it has commenced shipping platinum group metals (“PGM”) concentrate from its Smokey Hills mine, located in the Limpopo Province, South Africa.
The restart of Smokey Hills continues as the mine shipped its first concentrate on April 18, 2015. The shipment follows the start of mining activities in January and successful commissioning of the plant at the end of March of this year. With almost 700 employees on site, management is confident that the mine is on track to achieve full ramp up before the end of the year.
Mr. Michael Nahon, Managing Director of ATP, said, “Achieving this milestone demonstrates Smokey Hills is well on its way to achieving full production by the end of the year. It is also a testament to the quality of our operational team and the expertise and support from shareholders Aberdeen International Inc. and Pala Investments.”
About African Thunder Platinum
African Thunder Platinum, a privately held Mauritius entity, is an emerging PGM producer with its properties located in South Africa. Its flagship Smokey Hills mine, located on the Eastern Limb of the Bushveld Complex, is currently ramping up to become a low-cost operation with annual production expected to reach over 60,000 oz 4E. The mine site is well-serviced by local infrastructure and is easily accessible by paved road, with water and grid power to site, plus additional standby diesel generating capacity to provide back-up power as needed.
In addition, ATP also owns a 49% interest in the advanced Kalplats project, a unique shallow platinum-palladium resource project which is geologically distinct from the Bushveld-type deposits typical of South Africa, located on the Kraaipan Greenstone Belt, in Northwest Province, South Africa.
For additional information please contact:
Michael Nahon, Managing Director
Cautionary Note Regarding Forward-looking Information
This press release contains “forward looking information” which includes, but is not limited to, statements with respect to the prospective nature of the project, shipment of the concentrate, the timing and cost of future exploration and corporate development activities future financial or operating performance of the Company and its projects, statements regarding the prospects for the business of the Company, timing of future acquisitions of additional properties and applicable licenses, requirements for additional capital, intended use of proceeds, impact of board appointment, government regulation of the industry, environmental risks, and, title disputes or claims,. Generally, forward looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company (and the company resulting from the successful completion of the proposed transaction) to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, foreign operations, political and social uncertainties; a history of operating losses; delay or failure to receive board or regulatory approvals; timing and availability of external financing on acceptable terms; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of mineral products; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, social unrest and other risks of the mining industry; and, delays in obtaining governmental approvals or required financing or in the completion of activities. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.