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By H. M. Friede

Notes on the composition of pre- European copper and copper-alloy artefacts from the Transvaal by H. M. Friede. Ph.D. (Visitor) Seven copper artefacts (five ingots and two ornaments) found at prehistoric sites in the Transvaal were submitted to analysis. All the artefacts showed a high copper content and a relatively Iow level of impurities. A little-known ingot type from the Limpopo Valley ('nail' ingot) is described, and its analysis is given. The analysis of two copper ornaments that come from sites dated to the 5th Century AD. and the 11th Century AD. showed the constancy of the composition of copper articles over long periods. The well-known 'Blaauwberg Ingot' was re-analysed, and the results showed that this ingot cannot be regarded as a true bronze. Analytical values for the composition of three brass artefacts from Bambandyanalo (Mapungubwe), Northern Transvaal, are given. Some aspects of pre-European bronze manufacture and brass smelting, and of early metal trade from the East Coast into the interior of South Africa, are discussed.

Jan 2, 1975

The imbalance between the coal resources contained in thin seams (1,5 m or less) and the production from them is outlined. It is suggested that an Increase In the exploitation of thin coal seams is necessary, and that drum-type continuous miners can produce a substantial amount of any increase. Continuous miners are employed in a number of mining methods including bord-and-pillar, pillar extraction (stooping), rib-pillar extraction, and shortwalling. These techniques of mining are evaluated with respect to production rates and the cost of extraction for South African conditions included in these evaluations are the types of equipment used to transport coal from the mining machine to the section conveyor belt. Computer simulation techniques are used to generate the required production levels, and interpretations are made of other results from the computer modelling. For thin, coal seams, bord-and-pillar mining utilizing continuous haulage is apparently the most productive and cost-effective of all the methods using the continuous miner. The relative efficiencies of the other techniques of mining and of coal-transportation vehicles are also outlined.

Jan 1, 1984

By T. N. Moore, E. M. De Souza

This paper details a study conducted in Canada on the use of a drill with two different types of elastomer-covered handles in place of the standard steel handles. One type of handle was covered with a relatively stiff elastomer with a durometer of 70 (referred to as the plastic handle), and the other was covered with a more compliant elastomer with a durometer of 56 (refered to as the rubber handle). It was found that, compared with the steel handle, the overall acceleration at the interface between the plastic handle and the drill operator's hand was 2,5 times less, and that between the rubber handle and his hand was 3 times less. This reduction occurred predominantly in the frequency range above 500 Hz, and was greater with increasing frequency. However, an analysis based on the methodology of an international standard (which places greater importance on low-frequency vibration), indicated that the reduction in vibration levels was minimal. ~he driller himself felt that operation with the plastic and rubber handles was more comfortable, the rubber handle being preferred.

Jan 1, 1991

By S. M. Spottiswoode

A simple method for the application of excess shear stress (ESS) analysis to the mining of planar reefs is examined. The potential for seismicity associated with mining is expressed as the calculated increase in ESS on a regular grid of points 50 m above the reef, and is compared with observed seismicity around a deep-level, relatively geologicaly-undisturbed gold mine. Thirty regions were studied, involving over 2000 seismic events with magnitudes greater than 1,5 on the Richter scale and associated with almost 2 million square metres of stoping. The total seismicity, measured either as the number of seismic events or as the total radiated energy, corelated more closely with changes in ESS than with ERR. The incidence of rockbursts also favoured the ESS model. Corelation coeficients of around 0,8 for seismicity and ESS indicated that the assumptions inherent in the method used are collectively reasonable. The total seismicity in each region was found not to be strongly controlled by the presence of dykes and faults, although numerous individual seismic events were located close to such features.

Jan 1, 1988

By R. J. Davidson, M. V. Nkosi, V. Veronsee

When activated carbon is used for the recovery of gold and silver from Witwatersrand gold-plant solutions, severe fouling of the carbon by calcium carbonate is experienced. Also, difficulty is encountered in the retention of the adsorbed silver on the carbon because it is displaced by gold. The acidification of plant pregnant solutions before they are contacted with carbon was therefore investigated as a means of overcoming these shortcomings. The results from batch laboratory experiments on the effect of pH on gold adsorption from plant solutions and from synthetic solutions of high ionic strength indicated reaction rate optima in the region of pH 5 and below pH I. The effect of pH on the equilibrium capacity constant for gold adsorption onto activated carbon was also studied, using both a plant solution and a synthetic solution of high ionic strength. In the case of the plant solution, the results suggested only a marginal change in carbon capacity for gold in the pH range 12 to 6, with significant increases in capacity at lower pH values. In the case of the synthetic solution of high ionic strength, the capacity constant was found to increase steadily as the pH was lowered from 12 to I. It was also found that the gold adsorption capacity of the carbon was significantly better for the synthetic solution. No precipitation of gold from the pregnant solution (gold content approximately 6 g/t) was noted as the pH was decreased to values as low as ,. However, about 25 per cent of the 0,6 g/t silver content was found to have precipitated when a pH value of 3,0 was attained. Further substantial precipitation of silver took place as the pH was lowered further. The investigation was extended by the passing of suitably acidified gold-plant solutions through one or more columns containing activated carbon. Preliminary results showed that the particle size of the carbon had a significant effect on the rate of gold adsorption. No displacement of adsorbed silver by gold was observed to take place at an influent pH of 5. In a typical continuous 'merry-go-round' operation involving three columns in which gold was eluted from the lead column every 48 hours, effluent values averaging 0,001 g/t gold could be consistently achieved under simulated plant-operating conditions. The results were obtained at relatively high velocities of influent solution, resulting in very little hold-up of gold in the carbon-recovery circuit. More than 99,9 per cent of the gold and more than 99,8 per cent of the silver was recovered in the adsorption circuit, while the elution data indicated an average elution recovery of 99,8 per cent of the adsorbed gold and 98,2 per cent of the adsorbed silver. Elution of the carbon was carried out at 91 QC. This involved pretreatment of the carbon with a sodium cyanide solution, followed by elution with deionized water. At a loading flowrate of 66 bed volumes per hour, the indicated take-up of metals on the carbon in the lead column was as follows; 53 k g/t gold, 6 k g/t silver, 57 k g/t copper, 14 k g/t nickel, and I k g/t zinc. Only a trace of cobalt was adsorbed. At an elution rate of 1,7 bed volumes per hour, the lead column was found to be completely stripped in under 5 hours, with concentrations of gold in the eluate reaching 6 to 7 g/l. Besides the excellent adsorption and elution results obtained when acidified pregnant solution was used, no fouling of the carbon was indicated, and the pressure drop across the three columns was considered to be well within practical limits. When compared with conventional zinc precipitation, the carbon process would appear to have considerable economic merit, with strong indications that significant savings would be possible both in capital and operating costs. Further pilot-plant experiments, preferably on a gold plant, would be required before a meaningful cost comparison could be made with the existing process.

Jan 1, 1979

By E. Lwamba

The aim of this study was to examine the effect of grain size distribution control of the raw material mixture on the permeability of the green sinter bed and the properties of the produced sinter. This was achieved by evaluating the granulation characteristics of the sinter mixture (moisture content, granulation time and mean granule diameter) in terms of its green bed permeability, and evaluating the productivity of the sinter bed, the coke rate, tumble index (TI), abrasion index (AI), reduction disintegration index(RDI) and reducibility (RI) of the produced sinter. The raw sinter mixtures contained combinations of Thabazimbi iron ore, Sishen iron ore, coke, lime and return fines. The grain size distributions were controlled by removing the ?0.5 mm size fractions of the return fines and coke, and the ?1 mm size fraction of lime. Of the examined mixtures, a mixture of 20 mass% Thabazimbi iron ore, 80 mass% Sishen iron ore and fluxes where the coke, lime and return fines were all sized had the highest granulation effectiveness and permeability. The sintering properties of the mixtures in which the grain size distributions were controlled, were very similar for all the mixtures, but superior to the base case mixture in which the grain size distribution was not controlled. Keywords: Thabazimbi iron ore; Sishen iron ore; granulation, permeability, grain size distribution; sinter.

Jan 1, 2008

By T. Könighofer

Processing of copper-cobalt orebodies in Africa?s Copper Belt has received much recent attention with various flowsheet options being developed specifically for the refining of cobalt. The upfront leach and copper refining routes are well understood whereas the refining of cobalt is more complex, requiring numerous impurity removal steps to produce high purity metal. This paper describes an investigation into one of the possible processing steps in the refining of cobalt, namely, cobalt solvent extraction. The paper emphasizes the importance of upstream impurity removal to achieve the required cobalt solvent extraction feed composition. 18% (v/v) Cyanex 272 in an aliphatic diluents is used as the organic phase. The pH profiles in the various stages are evaluated in order to obtain a raffinate containing <10mg/l cobalt and with a low magnesium content reporting to the stripping section. The pH profile is also used to minimize the impurity deportment to the cobalt electrolyte. The effect of adding a pre-neutralization stage before feeding the organic phase to the extraction circuit is investigated. Zinc build-up in the stripping stages is also looked at. It is recommended for the purpose of this study that four extraction stages at an O:A ratio of 1 with a pH profile from 4.9 to 5.7 be employed. The pH is controlled with 40g/l NaOH. A pre-neutralization stage is required, where the organic phase is contacted with 10 M NaOH. Two scrubbing stages are recommended at an O:A ratio of 40, using the cobalt electrowinning advance electrolyte as the scrub liquor. Three strip stages are to be employed at an O:A ratio of 0.67.

Jan 1, 2009

Production caving started for Lift 2 at Northparkes in August 2004. In a period of less than 3 months, more than 10 000 seismic events were recorded. Events up to local magnitude +2.9 were induced near the mine during caving, with event rates of up to 500 per day. This paper documents the seismicity related to cave initiation and cave propagation during the initial production of Lift 2. The seismogenic zone of events initially moved at a rate of about 0.5 metres per day, accelerating to 2 to 3 metres per day after a few months of cave production. Seismic data analysis infers that the crown pillar between Lift 1 and Lift 2 was destressed over a vertical height of about 100 metres. As the seismogenic zone approached the crown pillar, a macroseismic episode occurred, with more than 20 events of at least local magnitude +1 occurring in a two-week period. Based on the seismicity recorded for Lift 2 at Northparkes Mines, a caving mechanics model is proposed. Comments and suggestions are made for seismic data analysis and design of seismic monitoring systems in block caving mines.

Jan 1, 2008

By D. F. Caicedo, I. A. Brum, L. A. Betancourt

Ferricyanide ()()*is one of the most stable cyanometallic complexes present in the gold mining effluents. This cyanocomplex is hard to degrade by natural attenuation and generates a negative impact on aquatic environments. Although free cyanide (CN-) can be obtained by acidifying the solution, the CN- is lethal for all forms of life. The oxidation of ()()* in a typical photocatalitic system was evaluated with the addition of H2O2. To verify the degradation, chemical parameters, such as free cyanide, the formation of ammonia, nitrate, and total iron were analysed at the end of the process. The degradations obtained were up to 70% in a heterogeneous photocatalysis system with TiO2, and a low rate of dissociation was observed by photolysis. The best result was achieved with the H2O2 and TiO2 photocatalytic system, and the stoichiometric concentration was about 2.5 times less than the peroxide used in the real gold mining industry, reaching 83% degradation. The photocatalytic process obtained less toxic byproducts than the original synthetic ferricyanide used as mining wastewater. Keywords: Cyanide, heterogeneous photocatalysis, titanium dioxide, UV radiation, gold wastewater

Jan 1, 2020

By B. k. Kenzhaliyev, M. A. Naimanbayev, Zh. A. Baltabekova, N. G. Lokhova

In research various desorbents were used to desorb the following rare-earth metals from Purosorb 140 cation exchanger, i.e. ammonium chloride; ammonium sulfate; a mixture of nitric acid and ammonium nitrate; a mixture of hydrochloric acid and ammonium chloride; a mixture of sulfuric acid and ammonium sulfate. It was established that a solution containing 30 g/dm3 of H2SO4 + 300 g/dm3 of (NH4) 2SO4 is the most optimal desorbing solution to desorb REMs from macroporous Purosorb 140 cation exchanger impregnated with rare-earth metals from industrial dihydrate wet-process phosphoric acid. It was established that the residual REM content in the cation exchanger decreased from 0.89 to 0.10 wt. % with an increase in the ammonium sulfate concentration from 10 to 400 g/dm3. Technological desorption regimes for rare-earth metals from cation exchanger were developed. The optimal conditions were determined to desorb rare-earth metals from the Purosorb 140 cation exchanger, particularly temperature 25°C; L:S ratio = (0.8 ÷ 1.1):1; duration = 1.0-1.5 hours. Keywords: Rare elements, sorption, cation exchangers, wet-process phosphoric acid, desorption

Jan 1, 2020

[Consider the situation where we wish to estimate the value of a block of ore W from the values of n samples wt (i = 1, 2.... n). The samples can be located anywhere inside or outside W. The blocks and the samples can have any size or shape (Fig. 8.1). We define ws as the set of all the samples wi: WS = Iw1; W2; W3.. . wn and we wish to estimate the block W using the samples ws. Let xi be the value of the ith sample and µw the unknown average value of the block. We can estimate µw from the average value of all the samples. Let µw be the estimator of µw. As the samples need not be of equal size, the sample average is: µw = wi xi/~ wi. (8.1) The mean squared error made when estimating µw by µw is known as the variance of estimation of W by ws. It is the error made when giving the value of the sample set ws to the block W and is written o2E (WS to W). By definition: o2E (ws to W) = E [(µw - µw)2]. (8.2) If n = 1, this error is known as the extension variance. Since the sum of the weights given to the sample values is equal to 1,0, the estimator µw is unbiased (the question of the absence of bias is studied in more detail in Chapter 9): E [( µw - µw)1 = 0. (8.3) The error (µw - µw) has zero mean and a variance o2E = E (W8 to W). If we assume that this error is normally distributed, we can define confidence limits for µw. Let tP be the value of the standardized normal variance t such that the probability that t is less than tP is p: (t,) = .\/27T f exp (- t2/2) dt = p (8.4) The probability that µw is larger than µw + t1-P oE is p. The probability that µw is smaller than µw- t1-P oE is p. The following approximation formulae are often used to calculate 2p central confidence limits for the block value: 68% central confidence limits (p = 16%): µw - o2E, and µw + o2E. 95 % central confidence limits (p = 2,5 %): µw - 2 oE, and µw + 2 oE. Tables of the function 0 can be found in any textbook on statistics (for example, Fraser, 1958, p. 388) (see Table 7.2). [ ] The last line of Table 2.2, corresponding to f = 00, also contains the value of tP for p = 80, 90, 95 and 97,5 %.]

Jan 1, 1978

By F. S. Beretta

Mineral processing efficiency depends on various factors and among them includes head grade fluctuations feeding the processing plant. Head grades can fluctuate beyond an admissible range, implying in recovery decrease for the mineral of interest. Grades feeding the processing plant depend on the geological domain which is being mined and on the mining schedule. Therefore, it is necessary to keep grade variability controlled. Blending piles are an efficient alternative to reduce grade fluctuations. The main factors influencing blending efficiency are the pile size or its mass and the number of layers used to pile up. Large piles are more efficient to reduce variability, however, there are economical and operational limits associated with them. This study investigates a methodology to analyse the ideal pile size to reach an acceptable variability given the in situ grade fluctuations. Geostatistical simulations provide the means to assess grade variability using an optimized mining schedule. These block grades are used to simulate any given pile throughout the mine`s life. The methodology was illustrated using a case study to control coal ash content at a mine supplying ROM coal to a power plant. Keywords: homogenization, piles, geostatistical simulation.

Jan 1, 2009

By X. Ndlovu

Underground observations in a coal mine have indicated failure oft he immediate roof above the bords. Careful observations and photographic recording of occurrences of these roof failures, termed ?roof guttering?, have been made. The occurrence of guttering results directly in roof instability, and indirectly, due to the interaction of the guttering with natural planes of weaknesses in the immediate roof rock. In this paper, relevant observations of roof guttering, possible mechanisms of formation of roof gutters, laboratory testing for determination of material strength and deformation properties, and numerical analyses to explain underground observations are described. Mapping of roof failures showed that these took place mainly towards the centre of the roadways. Roof guttering was observed often to occur violently and with little warning. Occurrence of roof guttering has a negative impact on production?some panels are abandoned, production times are increased and safety of workers is compromised. The numerical stress analyses showed that, although none of the constitutive behaviour criteria used predicted the observed underground failures correctly, the extension strain criterion gave the best agreement.

Jan 1, 2007

By P. Gonzalez

Minera La Parreña, S.A. de C.V., Milpillas operation is an underground mine designed to process 8 352 tons of ore per day for the recovery of copper through crushing, heap leaching, solvent extraction and electrowinning facilities. In order to optimize copper recovery during leaching, the ore is crushed to 13 mm and subjected to primary sampling every 15 minutes for metallurgical accounting. At the same particle size, primary sample goes to secondary sampling and then, the secondary sample is crushed to 2 mm before tertiary sampling. The tertiary sample is sent to laboratory where a final sample is obtained and pulverized to 106 microns for copper assay. This paper shows a review of sampling strategy focused on minimizing or eliminating sampling errors and an experiment designed to determine copper head grade profile as well as the best sampling frequency.

Jan 1, 2009

By M. R. Khalesi

A method is proposed to estimate the gold content of the ore in the size intervals during size reduction. The method uses the population balance model to trace the gold deportment through the size fractions and monitor the generation of liberated gold grains during the size reduction. The model is calibrated using batch grinding test results of a gold ore. Preliminary results show that the model can be calibrated with a minimum of parameters compared to conventional grinding-liberation models. Keywords: simulation, liberation, gold, exposure, grinding

Jan 1, 2009

By Matthew D. Viergutz

MECS? HRS technology has reliably recovered intermediate pressure steam from sulphuric acid plants for more than 20 years. This steam can either generate electricity or replace steam produced by an existing fuel-fired boiler. As worldwide greenhouse gas emissions continue to rise, industries are looking for novel and cost effective solutions to reduce pollution, particularly carbon dioxide, from their plants. Waste heat recovery technologies such as HRS offer new and existing plants the opportunity to maximize energy efficiency while reducing their reliance on energy supply from external sources. This paper offers a unique look at energy recovery in sulphuric acid plants and how recent innovations in MECS? Heat Recovery System technology make HRS more financially viable ? and more green - than ever.

Jan 1, 2009

By E. L. J. Kleynhans, J. I. J. Fick, J. P. Beukes, P. G. van Zyl

"Ferrochrome (FeCr) is vital for the production of stainless and high-alloy ferritic steels, since it is the only source of new Cr units. FeCr production is an energy-intensive process. The pelletized chromite prereduction process is most likely the FeCr production process with the lowest specific electricity consumption (SEC), i.e. MWh/t, currently in operation. However, due to increases in costs, efficiency, and environmental pressures, FeCr producers are attempting to lower their overall energy consumption even further. Recently, it was proven that pre-oxidation of chromite ore prior to pelletization and prereduction significantly decreases both the SEC and lumpy carbonaceous reductants required for smelting. This paper presents the first attempt at conceptualizing the technoeconomic feasibility of integrating chromite pre-oxidation into the prereduction process. Financial modelling yielded a net present value (NPV) at a 10% discount rate of approximately R900 million and an internal rate of return (IRR) of approximatelyy 30.5% after tax, suggesting that the implementation of pre-oxidation prior to pellet prereduction may be financially viable. Sensitivity analysis indicated that the parameter with the greatest influence on project NPV and IRR is the level of prereduction. This indicates that the relationship between maintaining the optimum pre-oxidation temperature and the degree of prereduction is critical for maximium process efficiency. IntroductionStainless steel is a crucial alloy in modern society. Virgin chromium (Cr) units used in the manufacturing of stainless steel are obtained from ferrochrome (FeCr) – a relatively crude alloy consisting predominantly of Cr and iron (Fe) (Murthy, Tripathy, and Kumar, 2011; Beukes, van Zyl, and Ras, 2012). FeCr is produced mainly by the carbothermic reduction of chromite ore in submerged arc furnaces (SAFs) and direct current arc furnaces (DCFs) (Neizel et al., 2013; Beukes, Dawson, and van Zyl, 2010; Dwarapudi et al., 2013). The energy required to heat, smelt, and reduce the chromite ore to the metallized state is supplied by electricity (Pan, 2013). FeCr production is an energy-intensive process, with a specific electricity consumption (SEC) varying from 2.4 MWh/t to more than 4.0 MWh/t FeCr produced, depending on the process applied (Pan, 2013; Neizel et al., 2013). Daavittila, Honkaniemi, and Jokinen (2004) stated that the typical operational costs of FeCr smelters can be divided into four categories, i.e. chromite ore (30%), carbonaceous reductant (20%), electricity (30%), and other production costs (20%). This makes electricity consumption the joint largest factor that influences operational costs in FeCr production."

Jan 1, 2017

By K. Arnold

AngloGold Ashanti has been proactive in the field of energy management for many years. AngloGold Ashanti is a signatory to South Africa?s National Energy Accord of 2005 calling for a15% reduction in energy consumption by 2015 for the mining sector. This target also supported our internal targets that were already set. AngloGold Ashanti?s seven South African mines consume on average 440 MW. Due to the dynamics of gold mines, and the large numbers of relatively small energy efficiency initiatives and awareness campaigns made measurement and verification of energy efficiency very difficult at a macro level since some initiatives could get lost in the fluctuating load profile. This paper will discuss the methodology and process followed to quantify the impacts of the combined energy efficiency initiatives at macro level. It will quantify the energy efficiency impacts in megawatt-hours (MWh), financial, and equivalent carbon emissions (CO2e) reduction with reference to our baseline year, 2004, for the Vaal River and West Wits mine clusters.

Jan 1, 2009

By A. C. Mulholland

The electrical control of three-electrode submerged-arc furnaces suffers from a number of complexities, mostly due to the nature of the furnace electrical circuit providing power to the furnace where the three electrodes are interconnected within the furnace through the molten metal bath. This gives rise to what is known as the interaction effect 2, where variations in one electrode?s current can cause comparable changes to the currents in the other electrodes, particularly in larger furnaces with low power factor. Resistance-based control of the electrode penetration has largely alleviated these problems, since the resistance encountered by each electrode is predominantly dictated by the length and conductivity of the current path from the electrode?s tip to the molten metal bath, which acts as the three-phase circuit?s floating neutral point. Hence resistance changes due to tip position or conductivity changes beneath one electrode do not affect the resistances beneath the others, effectively decoupling the control of the individual electrodes1. Although resistance-based control is therefore generally accepted as superior to current-based control for the regulation of submerged-arc furnace electrode penetration, a few furnace operators still prefer to use current control under specific furnace conditions. This paper presents the results of analysing the performance of both current and resistance-based control in typical scenarios encountered on industrial furnaces, taking into account a number of factors including electrode penetration, power distribution, efficiency and asymmetry of the electrode currents. In order to accomplish this, three typically encountered scenarios were simulated. The results obtained show that resistance control provides more benefit in all cases, however, the uneven electrode current distribution generated by resistance control when electrodes are on top stops may cause some concern if baking of the electrodes is required in this scenario.

Jan 1, 2009

By D. R. Young

Drilling exploration over the Wesizwe Platinum Limited?s Pilanesberg Project has identified the Merensky Reef at depths varying from 594 m to 1 552 m depth. Merensky Reef thickness varies from 0.05 m to 3.63 m and contains PGE(4) mineralization above a cut-off grade of 1.0 g/t over intersection widths of 0.95 m to 2.63 m. Four distinct facies types have been identified over the property, viz.1) Normal Merensky Reef, generally 1.2 m thick, bounded by thin top and basal chromitite layers and composed of upper feldspathic pyroxenite and lower feldspathic olivine pegmatoids containing base metal sulphide mineralization overlying poikilitic anorthosites. 2) Single chromitite Merensky Reef, generally0.15 m thick and usually devoid of internal silicate material, overlying variable stratigraphy containing significant base metal sulphide mineralization. 3) Detached Merensky Reef, generally1.0 m thick, bounded by thin top and basal chromitite layers and composed of feldspathic pyroxenite or pyroxenite containing base metal sulphide mineralization overlying Merensky Pyroxenite. 4) Normal footwall Merensky Reef, generally 1.8 m thick, bounded by thin top and basal chromitite layers and composed of feldspathic pyroxenite containing base metal sulphide mineralization overlying norites also containing significant base metal sulphide mineralization. The PGE(4) content?s (g/m2) distribution for the global intersection data appears to be lognormal, and conversion to lognormal space produces a near normal distribution which could be interpreted as a compound lognormal distribution. The mean PGE(4) contents estimated by these three different distributions are the same, and thus do not impact on the contained metal. Data for the Normal Merensky Reef facies type are sufficient to indicate that a normal distribution is followed for this facies type, and therefore does not need to be transformed to log space for estimation of the mean and the 90% confidence limits. A global evaluation based on all of the data is compared with a facies-weighted evaluation. The latter method is noted to provide a better definition of the associated estimation errors and thus potential classification of Mineral Resources. A valuation of $20.95 for Inferred and $41.90 for Indicated PGE(4) ounces is applied to both of the evaluations and compared. The global evaluation is considered to over-value the project by approximately 40%, thus indicating that valuations based on global summary sampling data that have a compound distribution may be materially flawed, and that cognizance of the underlying geology is crucial for unbiased valuation.

Jan 1, 2006