According to the long-term strategy of implementation of the Darwendale Project, which was approved earlier by the Board of Directors of Great Dyke Investments (Private) Limited, large-scale geological exploration activities commenced at the deposit on January 5, 2015. Total scope of drilling proposed for 2015-2016 exceeds 300,000 running meters, which makes it the largest project in terms of geological exploration work in Zimbabwe during the past decades. The above mentioned drilling meterage will enable the resources of the deposit to be classified into the Indicated category for mining operations to be performed during the period of more than 20 years. A consortium of Zimbabwean companies Tandamanzi and SMC take part in the exploration activities.
The Darwendale PGM Project is being implemented by Great Dyke Investments (Pvt) Ltd, a Russian-Zimbabwean JV on a parity basis between the Russian AO Afromet and the Zimbabwean Pen East (Private) Limited.
Darwendale deposit, with the mineral resource potential estimated at 40 million ounces (1,400 tonnes) of platinum group metals (PGM), is part of the Great Dyke in Zimbabwe and one of the world’s largest PGM deposits.
The Project development strategy implies a phased approach to construction of a 10 Mtpa ore mining and processing complex, as well as construction of a smelting facility in order to achieve the converter matte (finished product) annual production capacity at the level of up to 800,000 (25 tonnes) of platinum group metals.