Property Description and Location
The 2,129 ha Mareesburg property lies in the southern part of the eastern limb of the BCX. The farm Mareesburg 8JT is located 50 km to the west of the town of Lydenburg in the Lydenburg Magisterial District, Limpopo Province, in the Republic of South Africa. The nearest railhead is situated at the town of Steelpoort, about 35 km to the northeast of the property, which is some 350 km to the north-northeast of Johannesburg.
Mareesburg is adjacent to both Angloplats’s Der Brochen Project, and Northam’s Everest North Project. Access to the property is good, high-voltage power lines traverse the area and water sources exist on the property.
During 2017, the Company appointed SRK Consulting (South Africa) Pty Ltd (“SRK”) to complete a feasibility study on the Mareesburg project..
SRK has completed the drilling and geotechnical work and now awaits the finalization and completion of the EIA before being authorized to complete and finalize a feasibility study expected to begin in Q3 of 2020.