Siyanda Bakgatla Holdings holds a 90% interest in Siyanda Bakgatla Platinum Mine (SBPM). This holding company is 73% owned by Siyanda Resources and 27% owned (24.3% of final participation in SBPM) by the Bakgatla-Ba-Kgafela community through their investment entity, Bakgatla Bakgatla Investment Holdings. In addition, 7.3% of SBPM is owned by the Union Mine Employee Share Ownership Trust (ESOP), while the remaining 2.7% is held by other minority shareholders.
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Summary:
The site and surrounding area are underlain by the Pyramid Formation of the Rustenburg Layered Suite (RLS), on the western limb of the Bushveld Igneous Complex. The suite of mafic sills, which intruded the basal rocks of the Transvaal Supergroup, comprises rocks that range from norites, pyroxenite, harzburgite, gabbronorite, magnetite and olivine-magnetite rich gabbronorite, anorthosite and olivine-apatite rich gabbronorite.
The most prominent feature from the RLS is the distinct layering in the different rock types due to differentiation of magma that Brink (1989) describes as pseudo-stratification. The originally placed layers of the Bushveld Complex rocks dips centripetally at between 100 and 200, which is attributed to the effect of the crustal flexure in response to the load of the RLS and associated granites.
The rock-forming minerals of the Merensky Reef comprise approximately equal amounts of dark iron magnesium silicate minerals and lighter calcium-aluminium-sodium silicate minerals (called a feldspathic pyroxenite) under- and overlain by thin (5 to 15 mm) often discontinuous layers of chrornite concentrations. The total thickness of this package is generally less than 30 cm. This zone, commonly known as the Merensky pegmatoid, contains the base metal sulfide grains and associated platinum group minerals. The Merensky Reef has been traced for 300 km around the entire outcrop of the eastern and western limbs of the Bushveld Complex, and to depths of 5 km.
The rock-forming silicate minerals of the Merensky Reef consist predominantly of orthopyroxene (- 60 per cent), plagioclase feldspar (- 20 per cent), pyroxene (- 15 per cent), phlogopite (5 per cent), and occasional olivine which lists the composition of some of the common minerals found in the Bushveld-type rocks. Secondary minerals such as talc, serpentine, chlorite and magnetite have widespread occurrence.
The base metal sulfides consist of pyrrhotite (-40 per cent), pentlandite (- 30 per cent), chalcopyrite (- 15 per cent), and trace amounts of millerite (NiS), troilite (FeS), pyrite (FeSJ, and cubanite (Cu5FeS4). The major platinum group minerals are cooperite (PtS), braggite [(Pt,Pd)NiS], sperrylite (DtAsz) and PGE alloys, although in some areas minerals such as laurite) can be abundant.
The UG-2 Reef is a platiniferous chromititc layer which, depending on the geographic ocation within the Complex, is developed some 20 to 400 metres below the better known Merensky Reef. The chromitite itself is usually 1 m thick but can vary from - 0.4 to up to 2.5 m. Thin chromitite seams (generally less than 20 cm in thickness) may be present in both the footwall and, more commonly, in the hanging wall rocks. The UG-2 consists predominantly of chromite (60 to 90 per cent by volume) with lesser silicate minerals (5 to 30 per cent pyroxene, and 1 to 10 per cent plagioclase). Other minerals, present in minor concentrations, can include the silicates: phlogopite and biotite, the oxides: ilmenite, rutile and magnetite, and base metal sulfides. Secondary minerals include quartz, serpentine and talc.
The base metal distribution follows a similar trend to that of the PGE, with mat of the values occurring in the bottom and top part of the reef. The base metal content of a typical UG-2 Reef is approximately 200 to 300 ppm nickel occurring as nickel sulfide and less than 200 ppm copper occurring as copper iron sulfide.
The platinum group minerals present in the UG-2 Reef are highly variable, but generally the UG 2 is characterised by the presence of abundant PGE sulfides, comprising predominantly laurite (RuOsIr sulfide), cooperite (PtS), braggite (Pt, Pd, NiS), and an unnamed PtRhCuS. The platinum group minerals only reach an average size of approximately 12 pm, with particles larger than 30 pm being extremely rare. Most of the platinum group minerals occur in association with the base metal sulfides and silicates. It is only the mineral laurite which exhibits a preferred association with the chromite grains. Both the grain size and associations are extremely important as these affect the metallurgical behaviour during subsequent processing.