Optimization of geological lead-time in a feasibility study drill out—Two Rivers Platinum, Mpumalanga, South Africa

The Two Rivers Project is a feasibility study to evaluate the UG2 chromitite layer on Dwarsrivier372KT, Mpumalanga Province, South Africa. The project, which commenced in August 2001, is expected to receive go-ahead early in 2003. The project sponsors (AVMIN 55%, Implats 45%)required project delivery within a short timeframe requiring optimization of the geological and geostatistical programme. Geological modelling was carried out in parallel to the drilling programme, and significant up-front geostatistical preparatory work was done. The time saving was approximately 4 – 6 months on project delivery. The cost saving to the project (excluding NPV considerations) is estimated at R20–30 million. Keywords; Two Rivers Platinum, Dwarsrivier 372KT, UG2 chromitite layer.