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key attributable FY2015 data:
|Production: 10,154 PGM ounces|
|Contribution to group revenue: R95 million|
|Cash costs: $865 per PGM ounce | R8,237 per PGM ounce|
|Capital expenditure: $126k | R1.5 million|
Plant located on Anglo Platinum’s Rustenburg Platinum Mine (RPM), adjacent to Aquarius’ Kroondal mine
Processing of PGM-bearing current tailings streams
Dedicated AQPSA management team
As in previous years, there were no fatalities and the DIIR remained at zero for FY2015
resources and reserves:
Concentrate produced is sold to Anglo Platinum’s RPM, with which there is a profit-sharing agreement
about platinum mile:
Platinum Mile is a tailings retreatment facility adjacent to the Kroondal mine on Anglo Platinum’s RPM, in which Aquarius has a 91.7% stake. This facility provides a consistent source of profitable low-cost ounces.
Platinum Mile operates an on-surface plant and as a result the risks of disabling injuries and fatalities are considerably lower than on the mines.
Volumes processed more than doubled during FY2015 as a full year's supply of feed was received, in contrast to the previous financial year when the principal supplier, Anglo American Platinum's RPM, experienced a five-month strike during which its operations were suspended. Operations were resumed at the start of FY2015 in July 2014 and Platinum Mile began building up production, in tandem with the hot commissioning of the three coarse grinding mills. Steady state production was achieved by June 2015. Total volumes processed in FY2015 approached levels last seen in FY2012.
With the successful full commissioning of the R26 million ($2.5 million) coarse grinding expansion, recoveries improved substantially from FY2014 to an average of 12% for the year.
Platinum Mile took advantage of the delayed start to Anglo Platinum's dump retreatment project to undertake planned and critical maintenance in the third quarter of the year. Commissioning of the dump retreatment project is expected by the end of calendar 2015 and should result in an additional 275,000 tons a month of feed for treatment by Platinum Mile.
Given the resumption of full operations at Platinum Mile in FY2015, the staff complement increased to 59.
The increased supply of feed expected in the coming financial year will make a positive contribution to the operation's production and profitability in a strained market.