United States

Stillwater Operation

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Categories

Overview

Mine TypeUnderground
Commodities
  • Platinum
  • Palladium
  • PGM
Mining Method
  • Sub-level stoping
  • Ramp & Fill
  • Overhand Cut & Fill
  • Longhole open stoping
  • Alimak
  • Longitudinal stoping
  • Underhand Cut & Fill
Backfill type ... Lock
Production Start... Lock
Mine Life... Lock
ShapshotThe Stillwater Operation include the Stillwater mine (inclusive of the Stillwater East expansion project, which is under development), the East Boulder mine, two concentrator plants, and the surrounding PGM mining claims located near the town of Nye. In addition, the Sibanye-Stillwater Ltd. owns and operates a metallurgical smelter and base metals refinery complex situated in the town of Columbus, Montana, which also serves as the base for PGM recycling business, which recovers PGMs from recycled catalytic converters.

Production from the US PGM underground operations steadily improved over the course of 2023, following the shaft incident at the Stillwater mine in March 2023, regaining sustainable levels during Q4 2023.
Related AssetsEast Boulder Mine, Stillwater Mine

Owners

SourceSource
CompanyInterestOwnership
Stillwater Mining Company Inc. (operator) 100 % Direct
Sibanye-Stillwater Ltd. 100 % Indirect
Sibanye-Stillwater wholly owns and operates PGM mining and processing operations and mining claims (together known as the US PGM operations). These wholly-owned assets include the Stillwater mine (inclusive of the Stillwater East expansion project, which is under development), the East Boulder mine, two concentrator plants, and the surrounding PGM mining claims located near the town of Nye. In addition, the Group owns and operates a metallurgical smelter and base metals refinery complex situated in the town of Columbus, Montana.

Contractors

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Deposit type

  • Magmatic
  • Footwall hosted

Summary:

The Stillwater Complex is a large layered igneous complex resulting from magma intrusion through regional transverse faults into highly deformed Archaean sedimentary rocks. However, the flat-lying part of the Stillwater Complex occurs at significant depth below surface, which makes the exploitation of the J-M Reef in this part of the complex uneconomic.

The magma intrusion and emplacement relating to the Stillwater Complex were accompanied by fractionation and accumulation of magmatic crystals that gave rise to the conspicuous magmatic layering observed in the complex. The magmatic layering is reflected by the changes in mineralogy, mode, grain size and texture across the stratigraphic profile of the complex. However, the overall texture of the lithological units in the Stillwater Complex is typified by subhedral to euhedral cumulate grains in a framework of post- cumulus interstitial material including oikocrysts. The mineralogical, modal, grain size and textural variations formed the basis for subdividing the Stillwater Complex into five major series (from bottom upwards) as follows: the Basal Series, Ultramafic Series, Lower Banded Series, Middle Banded Series and Upper Banded Series. The Ultramafic Series (UMS) is further subdivided into the Bronzitite Zone and Peridotite Zone. The Lower Banded Series hosts the J-M Reef targeted at Stillwater and East Boulder Mines.

The steep dipping nature of the lithological layers in the exposed part of the Stillwater Complex is due to uplift and tilting associated with the Laramide Orogeny. Faults and dykes are the most common geological structures. Most of the regional faults affecting the Stillwater Complex have been ascribed to the Laramide Orogeny and are grouped according to trends as follows:
- Northwest to southeast striking thrust faults;
- East to west striking south dipping steep reverse faults; and
- East to west trending vertical faults.

These are also the most common fault and dyke trends observed at Stillwater and East Boulder Mines. Numerous diabase and felsic dykes that cut and offset the J-M Reef at the mines are known from surface mapping, underground drilling and mining. These dykes dilate the J-M Reef, but do not destroy the PGM mineralisation and have limited (up to 30ft) contact alteration zones along which poor ground conditions are common. However, these ground conditions do not present significant obstacles to mining and are dealt with using established support procedures.

The local stratigraphy at Stillwater and East Boulder Mines resembles the regional stratigraphic sequence of the Stillwater Complex. Much of the area covered by the Sibanye-Stillwater held or leased Mining Claims is underlain by the Lower Banded Series that hosts the J-M Reef and, to a lesser extent, the Ultramafic and Middle Banded Series.

Mineralisation Style
The J-M Reef exploited at the Stilwafer and East Boulder Mines is a world class primary magmatic stratiform PGM deposit occuring mainly within a troctolife (as well as dunite/harzburgite and anorthosite) in the OB-| zone of the Lower Banded Series. The reef package, which hosts the J-M Reef, is defined by rock fabric as well as lithology while the JM Reef is identified as the high tenor, reef-type subzone comprising disseminated to massive sulphide mineralisation. The high tenor mineralisation may also occur in footwall lenses (footwall mineralisation) in gabbronorite and norite below the OB-I zone while some areas of the reef package are poorly mineralised (Jenkins et al., 2022).

The J-M Reef has retained most of its primary magmatic characteristics, particularly its broad lateral continuity, very coarse textures (e.g. pegmatoidal and poikilitic textures) and consistent ore and silicate mineral abundances. The combination of visible disseminated copper-nickel sulphide minerals (0.25% to 3% modal abundances) within a complex cumulate of silicate minerals, consistent stratigraphic location (OB-I zone) and lithological sequences (footwall, reef and hangingwall) as well as reliable lithological markers facilitate the visual identification and delineation of the J-M Reef for sampling purposes. Sampling and laboratory analysis provide the definitive data required to confirm the presence of the J-M Reef and to determine its PGM tenor. Historically, reef intersections that did not have visible sulphide minerals were not sampled but were assigned a zero grade. However, current protocols require the sampling of all reef intersections irrespective of the sulphide mineral abundance.

Hangingwall lithologies are typically fine-grained to medium-grained, poikilitic anorthosite and leucotroctolite as well as rare occurrences of fine-grained norite or gabbronorite (Jenkins et al., 2022). The contact between the J-M Reef and hangingwall is suo-planar or sharp and is identified based on the textural change from very coarse (pegmatoidal) in the reef to fine-grained to medium-grained in the hangingwall. Progression from the reef package to the hangingwall package does not necessarily coincide with a change in rock type.

The ore mineralogy of the J-M Reef is dominated by disseminated chalcopyrite, pyrrhotite and pentlandite, with minor pyrite, moncheite, cooperite, braggite, kotulskite, Pt-Fe alloy and various arsenides within a complex cumulate of olivine, plagioclase, bronzite and augite. Pd is the dominant PGM in the J-M Reef and occurs primarily (80%) as a solid-solution in pentlandite as well as in sulphides (15%) and moncheite (5%). Pt occurs primarily (67%) in sulphides, as a metal alloy (isoferroplatinum, 25%) and in moncheite (telluride mineral, 8%).

Length and Width
Sibanye-Stillwater holds title over the entire 28-mile strike length of the J-M Reef. For evaluation purposes, the J-M Reef is defined as the Pa-Pt rich stratigraphic interval mainly occurring within the OB-| zone and characterised by disseminated to massive sulphide mineralisation, a variable thickness ranging from 3ft to 9ft (average éft) and average combined Pd and Pt (2E) grades of 0.602 per ton (opt) to 0.80pt. Locally, it forms keel-shaped footwall zones, which transgress the footwall mafic rocks, commonly reaching thicknesses of 18ft and greater. Of the two PGMs, Pd is the most significant resulting in average in sifu Pd:Pt ratio of 3.4:1 and 3.6:1 for Stillwater and East Boulder Mines, respectively. Ongoing metallurgical accounting has determined Pd:Pt ratio of 3.5:1 and 3.6:1 for Stillwater and East Boulder Mines, respectively, which are used for all evaluations. Other associated PGMs (e.g., Rh, Ir, Ru and Os), Au and base metals (Cu and Ni) occur in low abundances and are generally not evaluated.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

Milling equipment has not been reported.

Processing

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Production

CommodityProductUnits2024202320222021202020192018201720162015
2E (Pt, Pd) Metal in concentrate koz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe594593376545521
Platinum Metal in concentrate koz 125118
Palladium Metal in concentrate koz 420403
2E (Pt, Pd) Concentrate kt 29,11828,953
^ Guidance / Forecast.

Operational metrics

Metrics202320222021202020192018201720162015
Ore tonnes mined  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe1,555,433 tons
Tonnes milled  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe1,411 kt1,339 kt855 kt1,371 k tons1,331 k tons

Production Costs

CommodityUnits20242023202220212020201920182017
Total cash costs 2E (Pt, Pd) USD
All-in sustaining costs (AISC) 2E (Pt, Pd) USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 784 / oz **   677 / oz **   651 / oz **  
All-in costs 2E (Pt, Pd) USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 1,021 / oz **   880 / oz **   821 / oz **  
^ Guidance / Forecast.
** Net of By-Product.

Operating Costs

20232022202120202016
Total operating costs ($/t milled) 7,837  ZAR6,811  ZAR5,174  ZAR5,203  ZAR157.85  USD

Financials

Units20242023202220212020201920182017
Capital expenditures (planned) M ZAR  ....  Subscribe
Growth Capital M ZAR  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 2,035   1,574  
Sustaining costs M ZAR  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 322   260.2   226.9  
Capital expenditures M ZAR  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 3,393   2,833   1,654  
Revenue M ZAR  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 12,343   15,873   9,162  
Operating Income M USD
Pre-tax Income M ZAR  ....  Subscribe  ....  Subscribe 3,557  
After-tax Income M ZAR -1,531   2,028  
EBITDA M ZAR  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 6,738  

Heavy Mobile Equipment

Fleet data has not been reported.

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required May 10, 2024
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EmployeesContractorsTotal WorkforceYear
...... Subscription required ...... Subscription required ...... Subscription required 2023
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Aerial view:

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