Sylvania Platinum Ltd

SLP · AIM · Basic Resources · mcap £251m · 93.0p

Sylvania retrieves platinum group metals (PGMs) and chrome from old mine tailings and current mine arisings in South Africa's Bushveld Complex. It also holds early-stage mining projects, Volspruit and Aurora.

Target	Promise	Said	Status
2024
Q3 FY2024	Commission Lannex fine grinding circuit by end of Q2 FY2024, optimisation in Q3	25 Oct 2023	◐ Partly kept
	“Commissioning of the Lannex fine grinding circuit in progress with optimisation to follow in Q3 FY2024” Also stated 31 Jan 2024 Status so far Commissioning was still in progress in January 2024, with optimisation pushed to Q3; completion was not confirmed. “Commissioning of the Lannex fine grinding circuit in progress with optimisation to follow in Q3 FY2024”31 Jan 2024 · Second Quarter Report to 31 December 2023 “Commissioning of the Lannex secondary milling, fine grinding circuit commenced during Q2 FY2024 with optimisation to follow in Q3 FY2024”22 Feb 2024 · Interim Financial Results Announcement
2025
FY2025	Decide on Volspruit pre-feasibility study during FY2025	16 Feb 2024	◐ Partly kept
	“Based on the results of the scoping study and metallurgical test work that is expected during Q4 FY2024 a decision will be made on progressing the project to a pre-feasibility study phase during FY2025.” Also stated 19 Feb 2024 Status so far Scoping study was published in August 2024; no pre-feasibility decision appears in later announcements. “Based on the results of the scoping study and metallurgical test work that is expected during Q4 FY2024 a decision will be made on progressing the project to a pre-feasibility study phase during FY2025.”19 Feb 2024 · Results of Updated Mineral Resource Estimates “The Scoping Study identified areas in which improvements could potentially be made to further improve the economics of the project. These options are currently being explored by the Company and decisions on continuing with a Pre-Feasibility Study ("PFS") will be made based on the outcomes of this work.”20 Aug 2024 · Exploration Update for Northern Limb Projects