(Incorporated in the
(Registration number HE223412)
JSE share code: THA
LSE share code: THS
A2X share code: THA
ISIN: CY0103562118
LEI: 213800WW4YWMVVZIJM90
('Tharisa' or the 'Company')
The
Tharisa, the mining, metals, and innovation company dual-listed on the
Highlights
‒ Natural transition in the life of mine development , from a large-scale open pit mine, which will sustainably access the mine's multigenerational mineral resource base
‒
‒ With the Mineral Reserves extending beyond the open pit shell, the underground expansion offers a high confidence, low geological risk opportunity to sustain the
‒ The existing processing facilities have a capacity of 5.6 Mtpa of run of mine (ROM) ensuring production scalability and operational flexibility
‒ The life of mine (LOM) schedule provides for the open pit operations being depleted by FY2035
‒ The addition of underground mined ore from
‒ Both the Apollo and Orion complexes, which will be developed sequentially, have been designed to mine 255 ktpm at steady state with a combined production rate of 510 ktpm, capped at the plant feed capacity of 5.6 Mtpa, thus maintaining current PGM and chrome concentrate output with growth opportunities due to smarter mining and less dilution
‒ Deployment of a mining contractor model
‒ Transitional capital for the dual project development over the ten-year period is
Phoevos Pouroulis, CEO of Tharisa, commented:
"The underground project is the natural progression for our operations and has been established to increase the life-of-mine development to access the multigenerational mineral resource base, enhance operational efficiencies, while maintaining our world class standards of health, safety, environmental stewardship and further enhancing our track record of long-term value creation.
Our proven co-product business model will continue to deliver value as we embark on a modern smart mine, future proofing our ability to unlock long term value through a more efficient, flexible, and lower cost mining model covering multiple generations. Our shallow ore body enables on-reef mechanised development, delivering cleaner ROM and significantly reducing waste, capital intensity, and environmental impact.
The phased approach to portal development enables early access to reef with the bord and pillar design supporting safe, cost-effective ramp up and long-term operational efficiency.
As we continue to innovate with purpose, we are setting the benchmark for multiple generations to come."
(A comprehensive presentation, video explanation and webcast are available on the Tharisa website https://www.tharisa.com)
Paphos,
JSE Sponsor
Investec Bank Limited
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Investor Relations Contacts:
+27 11 996 3500
+27 83 604 0820
Broker Contacts:
+44 207 418 8900
+44 207 236 1010
Berenberg (
+44 203 207 7800
About Tharisa
Tharisa is an integrated resource group critical to the energy transition and decarbonisation of economies. It incorporates exploration, mining, processing and the beneficiation, marketing, sales, and logistics of PGMs and chrome concentrates, using innovation and technology as enablers. Its principal operating asset is the multi-generational
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