Ivanhoe Mines has officially filed the National Instrument 43-101 (NI 43-101) technical report for the Platreef Integrated Development Plan 2025 (Platreef 2025 IDP), following its initial announcement on February 18, 2025.
The Platreef 2025 IDP outlines a three-phase expansion strategy for the Platreef platinum, palladium, rhodium, nickel, gold, and copper mine in South Africa. The plan incorporates two key independent technical studies:
- Updated Feasibility Study (FS)– Focused on the Phase 2 expansion to 4.1 million tonnes per annum (Mtpa) of processing capacity.
- Preliminary Economic Assessment (PEA) – Covering a new Phase 3 expansion to 10.7 Mtpa of processing capacity.
The technical report was prepared by OreWin Pty Ltd (Australia), The MSA Group (South Africa), SRK Consulting (South Africa), DRA Projects (South Africa), and WSP Global Inc. (Canada).
Independent Experts Behind the Study
The independent Qualified Persons responsible for compiling the 4.1 Mtpa FS and 10.7 Mtpa PEA include:
- Bernard Peters (OreWin Pty Ltd)
- Jeremy Witley (The MSA Group (Pty) Ltd)
- William Joughin (SRK Consulting (South Africa) (Pty) Ltd)
- Curtis Smith (OreWin Pty Ltd)
- Riaan Thysse (WSP Global Inc.)
- Ryan Males & Louise Lintvelt (DRA Projects (Pty) Ltd)
Ivanhoe Mines’ Stake in Platreef
Ivanhoe Mines holds a 64% interest in the Platreef mine through its subsidiary Ivanplats and is overseeing all development activities. The remaining ownership structure includes:
26% – Broad-based, black economic empowerment (BEE) beneficiaries in South Africa
10% – A Japanese consortium comprising ITOCHU Corporation, Japan Organization for Metals and Energy Security, and JGC Holdings Corporation
With the technical report now filed, Ivanhoe Mines is poised to advance its ambitious expansion plans, solidifying Platreef’s position as a tier-one, world-class polymetallic mine.
