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Bauba Resources Ltd

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R 750.00(ZAR) estimated $ 44.69 (USD)*

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Bauba Resources Ltd Organogram

Bauba Resources Ltd is a junior mining company focusing on the mining of chrome ore and the exploration of platinum group metals. Mining operations include: • Moeijelijk Chrome Mine - Bauba holds a 30 year mining right for chrome ore on the farm Moeijelijk 412KS which was granted in July 2016. The mine is situated on the eastern limb of the Bushveld Igneous Complex, with LG2, LG6A/6 and LG7 chrome ore-bearing reefs. It developed from an underground to an opencast operation, with annual production expected to reach 360,000 tons of LG6 chrome ore (RoM). Exploration project include: • The Bauba platinum project - a platinum group elements (PGEs) prospecting project, situated within a prime segment of the eastern limb of the Bushveld Igneous Complex. Bauba holds PGE mineral rights over eight properties that extend across approximately 14,390 hectares within the Leolo mountain range in the Limpopo province, approximately 245 kilometres north east of Johannesburg. The Bauba platinum project has an inferred resource of 109.6 million ounces. • The Hartebeesfontein Chrome and Platinum project - Bauba received a grant for a prospecting right to mine over thirteen portions of the Hartebeesfontein Farm of which the prospecting rights for Chrome and Platinum Group Metals (PGMs) was granted in March 2020, further environmental studies to be conducted per regulatory requirements. • The Kookfontein chrome project - mineral right areas are about 5km north-north-east of the town of Rustenburg and lie directly east and adjacent to the town of Phokeng. Mining rights was granted in September 2016 and an additional mining right application was accepted in March 2020, with the associated environmental studies currently in progress as per regulatory requirements. Bauba A Hlabirwa Mining Investments (Pty) Ltd is the holder of the Waterkop 113KT prospecting right. The northern and southern cluster PGE assets were discounted due to geological losses. Tonnage and grade estimates for the lapsed Central Cluster have not been reported due to pending of the mining rights.