An Independent Qualified Persons' Report on the Bokoni Platinum
An Independent Qualified Persons’ Report on the Bokoni Platinum Mine, in the Mpumalanga Province, South Africa Effective Date: 28 November 2012 Issue Date: 24 April 2013 Minxcon Reference: M12-159 Qualified Persons: NJ Odendaal (Director): BSc (Geol.), BSc (Min. Econ.), MSc. (Min. Eng.), Pr. Sci. Nat., FSAIMM, MGSSA, MAusIMM CJ Muller (Director): BSc.Hons. (Geol.), Pr. Sci. Nat D v Heerden (Director): BEng (Min. Eng.), M.Comm. (Bus. Admin.), ECSA, FSAIMM, AMMSA D Clemente (Chief Metallurgist): NHD (Ext. Met.), GCC, MMMMA, FSAIMM Suite 5, Coldstream Office Park 2 Coldstream Street, Little Falls, Roodepoort, Gauteng, South Africa, Tel: +27 11 958 2899 │ Fax: +27 11 958 2105 www.minxcon.co.za Directors: NJ Odendaal, D Van Heerden, CJ Muller Registration No. 2004/029587/07 Qualified Persons’ Report on Bokoni Platinum Mine, Mpumalanga ii INFORMATION RISK This Report was prepared by Minxcon (Pty) Ltd (“Minxcon”). In the preparation of the Report, Minxcon has utilised information relating to operational methods and expectations provided to them by various sources. Where possible, Minxcon has verified this information from independent sources after making due enquiry of all material issues that are required in order to comply with the requirements of the SAMREC and NI 43-101 Codes. OPERATIONAL RISKS Mining and mineral and coal exploration, development and production by their nature contain significant operational risks. It therefore depends upon, amongst other things, successful prospecting programmes and competent management. Profitability and asset values can be affected by unforeseen changes in operating circumstances and technical issues. POLITICAL AND ECONOMIC RISK Factors such as political and industrial disruption, currency fluctuation and interest rates could have an impact on future operations, and potential revenue streams can also be affected by these factors.
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