Aquarius Platinum Limited   2004 
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      Annual report 2004  Commentary   Mineral Resources and Ore Reserves
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    The Mineral Resource is inclusive of the Ore Reserve.
 
   
  Commentary
   
  Chairman's statement
   
  Chief Executive Officer’s report
   
  Review of operations
   
  Market report
   
  Investor relations
   
  Sustainable development
   
  Mineral Resources and Ore Reserves
 
Kroondal mine
Marikana mine
Everest
Mimosa
Summary
Exploration prospects
Comparison
  Director’s report
   
  Glossary of terms
   
  Corporate governance statement
   
  Key financials
   
  Consolidated income statement

Consolidated balance sheet

Consolidated statement of cash flows
 
     
  Mineral Resources and Ore Reserves  
     
  EXPLORATION PROSPECTS  
 


Mineral Resources at 30 June 2004: Exploration activities are targeting the Mineral Resources tabulated below to assist with evaluation of the projects.

Mineral Resources
Project
Farm
 Reef Category
width
SG
Mt
4E PGE
4E PGE
 Comments
       
(m)
t/m3
 
g/t
Moz
  
Everest                  
Southern Resource Hoogland UG2 Reef Inferred Mineral Resource
 
 
9.0
3.5
1.01
 Prospecting permit for PGMs
Western Resource Sterkfontein UG2 Reef Inferred Mineral Resource
 
 
1.3
3.5
1.46
 Mining license
Everest North Vygenhoek UG2 Reef Inferred Mineral Resource
2.00
 
4.2
5.4
0.73
 Prospecting permit for PGMs + Cr
Vygenhoek Merensky Inferred Mineral Resource
2.00
 
0.1
5.9
0.01
 Prospecting permit for PGMs + Cr
Eastern Bushveld Chieftains Plain UG2 Reef Inferred Mineral Resource
1.40
3.7
115.0
5.7
21.07
 Prospecting permit for PGMs
Chieftains Plain Merensky Inferred Mineral Resource
1.15
3.2
85.0
4.3
11.75
 Prospecting permit for PGMs
Eastern Bushveld Walhalla UG2 Reef Inferred Mineral Resource
1.40
3.7
185.0
5.7
33.90
 State Owned minerals - applied for
     
 
 
 
 
 
 prospecting permit
Walhalla Merensky Inferred Mineral Resource
1.15
3.2
135.0
4.3
18.66
 State Owned minerals - applied for
     
 
 
 
 
 
 prospecting permit

 

Mineral Resources
Total AQP(SA)
Mimosa Mine Attributable to AquariusPlatinum
Total Aquarius Platinum
Mt
4E PGE
g/t
4E PGE
Moz
Mt
4E PGE
g/t
4E PGE
Moz
Mt
4E PGE
g/t
4E PGE
Moz
64.85
4.49
9.37
15.90
4.07
2.08
80.75
4.41
11.45
31.70
3.97
4.05
15.83
3.81
1.94
47.52
3.92
5.99
8.46
3.45
0.94
9.09
3.95
1.15
17.54
3.71
2.09
 
 
 
3.60
3.81
0.44
3.60
3.81
0.44
105.01
4.25
14.36
44.42
3.93
5.61
149.41
4.16
19.97

Ore Reserves
Total AQP(SA)
Mimosa Mine Attributable to AquariusPlatinum
Total Aquarius Platinum
Mt
4E PGE
g/t
4E PGE
Moz
Mt
4E PGE
g/t
4E PGE
Moz
Mt
4E PGE
g/t
4E PGE
Moz
13.38
3.65
1.58
-
-
-
13.38
3.65
1.58
2.54
4.30
0.35
-
-
-
2.54
4.30
0.35
48.01
2.97
4.59
8.04
3.75
0.97
56.05
3.08
5.56
16.34
3.12
1.64
6.83
3.51
0.77
23.17
3.24
2.41
80.27
3.16
8.16
14.87
3.64
1.74
95.14
3.23
9.90

 

  
     
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