Darwendale Integrated Platinum Group Metals (PGM) Project is operated by Great Dyke Investments (Pvt) Ltd, a joint venture established on a 50/50 basis between Russian and Zimbabwean companies – JSC Afromet and Peneast Mining Company (Pvt) Ltd.
Darwendale deposit is a part of the Great Dyke in the Republic of Zimbabwe, one of the world’s largest systems of PGM mineralization with shallow dipping of ore bodies. Total resources of the deposit amount 50 mln oz (1,550 t) of PGMs, of which 17.6 mln oz (550 t) have been thoroughly explored and confirmed according to JORC standards.
The Project is earmarked high priority for state and economic relationship between Russia and Zimbabwe. The Intergovernmental agreement, has been signed in support of the Project by both Russian and Zimbabwean governments. Moreover, the Special mining lease and the National project status have been granted to Project which fix significant preferences and benefits in accordance with the Zimbabwean law.