WHAT WE DO
Sedibelo is an established South African producer of platinum group metals (PGMs), with a portfolio of high-quality PGM growth projects and an exclusive license within a majority of the Southern African Development Community (SADC) region for a next generation processing technology that we believe will facilitate the production of finished metal with a lower environmental impact than traditional smelting.
We currently operate the Pilanesberg Platinum Mine (PPM) on the Western Limb of the Bushveld Complex, an open pit mining operation which commenced production in March 2008. The Bushveld Complex is a well-established producing region for PGMs, which contains approximately 91% of the world’s PGM-bearing ore and represented 70%, 34%, and 78% of global platinum, palladium and rhodium production.
Our Pilanesberg-Sedibelo-Magazynskraal (P-S-M) Project encompasses our existing and planned mining activities on the Western Limb of the Bushveld Complex in South Africa, excluding the Kruidfontein Project. The P-S-M Project envisages the integrated production from the existing and operational West Pit with production from the East Pit, and from our underground mine project that will access the Central Underground Block and East Underground Block, within the contiguous Tuschenkomst, Wilgespruit and Magazynskraal farms.
We are advancing two high quality PGM expansion projects:
- The development of the Triple Crown Properties, a wholly-owned brownfield expansion of PPM, including a new underground section of the mine to allow us to access attractive mineral resources (collectively with our existing operations referred to as the P-S-M Project)
- The greenfield Mphahlele Project on the Eastern Limb of the Bushveld
Complex, in which we hold a 75% interest.
To be one of the world’s lowest carbon PGM producers, at the lower end of the cost curve, and to make a growing contribution to the South African economy. We aspire to be a new generation mining company that is safe, inclusive and sustainable.
Sedibelo produces minerals for a decarbonizing economy, harnessing natural resources, embracing innovation and pioneering new technologies. We partner with our employees to create a working environment that is safe, fair and inclusive. We partner with our neighboring communities to create prosperity, opportunities and local development.
We see sustainable growth opportunities backed by strong market fundamentals in the sense of a supply/demand imbalance in the PGM market and our purpose is to create Greener, cleaner PGMs for the NEXT generation.
OUR OWNERSHIP STRUCTURE
“We started Sedibelo as a new generation mining company with significant community ownership. We are building on that legacy to create a mining company that adds value for stakeholders at every level.”
– Arne Frandsen, Chairman
POISED FOR INDUSTRY-LEADING GROWTH
Sedibelo will expand mining into contiguous ore bodies at its current open-cast PPM. The shallow depth deposits will enhance Sedibelo’s current cash-generating operations.
OUR COMPETITIVE STRENGTHS
ESTABLISHED OPERATOR WITH TRACK RECORD OF SAFE PRODUCTION AND CONTINUOUS IMPROVEMENT.
Our PPM operations commenced production in March 2008 and has operated continuously since then. Since 2009, we have produced more than 1.5 million troy ounces (Moz) 4E in concentrate. We operate in an established mining jurisdiction that benefits from existing infrastructure and access to a highly skilled local labor force.
We have grown our average annual 4E production over the five years ended December 31, 2021 to 127 thousand troy ounces (koz), which represents a 21% increase from our production in 2012, while maintaining zero fatalities through a range of initiatives.
STEP-CHANGE INCREASE IN SCALE DRIVEN BY A PORTFOLIO OF HIGH QUALITY, LOW COST PGM PROJECTS.
We are developing incremental PGM production that is expected to grow production 326% from 98 koz 4E in 2021 to 417 koz 4E in 2030 based on the Technical Report Summaries, between our Western Limb (excluding Kruidfontein) and Eastern Limb operations (100% basis).
The material assumptions underlying our production growth forecast include material increases to our capital and operating expenditures, as well as estimates of mineral reserves and resources and commodity price and exchange rate forecasts, amongst others.
Our development projects benefit from some of the highest quality ore bodies in the region due to their relatively high grade, shallow depth and close proximity (contiguous projects).
STRONG GROWTH PROFILE SUPPORTED BY SIGNIFICANT MINERAL RESOURCES.
Our Western Limb properties (excluding Kruidfontein) and Eastern Limb properties are expected to exploit our significant Mineral Resource base, representing approximately 47.3 Moz of our total of 78.5 Moz contained 4E in-situ Mineral Resources (inclusive of Mineral Reserves) attributable to the Company at December 31, 2021.
According to the Mphahlele Technical Report Summary, our Eastern Limb properties contained 4E in-situ Mineral Resources (inclusive of Mineral Reserves) attributable to the Company of 11.6 Moz at December 31, 2021.
Furthermore, we may pursue the Kruidfontein Project after developing the Central Underground Block and the East Underground Block, which we expect would further extend the life-of-mine of our overall Western Limb operations.
DIRECT, FIRST-MOVER ACCESS TO PROPRIETARY KELL PROCESS TECHNOLOGY – DRIVING GREENER PGM PRODUCTION.
The Kell Process Technology is a “clean” hydrometallurgical process alternative to traditional smelting and eliminates the most environmentally harmful step (pyrometallurgy) of metal refining.
The Kell Process Technology uses less electricity, has lower capital and operational costs, and produces lower greenhouse gas emissions than the traditional PGM smelting process. The Kell Process Technology also has less metallurgical constraints and provides us an attractive ability to recover higher amounts of metals that would otherwise accrue to the smelter processing our concentrate or incur chrome penalties on SADC concentrates.
Kelltech has contracted exclusive rights to use and sub-license the Kell Process Technology in the SADC License Area.
CAPITAL DISCIPLINE AND OPTIMIZATION.
Our capital efficient development growth plan includes the Western Limb (i.e., P-S-M Project, which excludes Kruidfontein), Eastern Limb (i.e., Mphahlele Project) and Kell Processing Plant.
PROVEN COMMITMENT TO INDUSTRY BEST-PRACTICE ESG PRINCIPLES.
We are committed to delivering industry best-practice environmental and safety performance, local community development and strong corporate governance.
We have reduced minor environmental incidents by 85% since 2015 with no reportable environmental incidents since 2017. Our local community is a 25.7% shareholder and represents approximately 73% of our workforce as of January 31, 2023.
We believe the Kell Process Technology can deliver an improved environmental footprint for our industry given lower energy consumption and reduced greenhouse gas emissions.
HIGHLY EXPERIENCED MANAGEMENT TEAM WITH AN ESTABLISHED TRACK RECORD AT THE SAME ORGANIZATIONS.
Our management team has extensive experience working together to build and operate PGM assets in South Africa, and at Sedibelo specifically.
Core members of our operational management team have extensive experience in the PGM sector having worked together for more than 10 years, bringing expertise from other operators including Lonmin plc, Northam, Anglo American Platinum Limited and Impala.