In accordance with the long-term strategy of the Darwendale Project implementation, which was approved earlier by the Board of Directors of Great Dyke Investments (Private) Limited, large-scale geological exploration works at the deposit commenced in January 2015. As of beginning of May more than 40,000 running meters have been drilled out of the total 300,000 running meters planned for drilling in 2015–2016. This is the largest exploration project in Zimbabwe for 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, takes part in the exploration activities.
The Darwendale Platinum Group Metals (PGM) Project is being implemented by Great Dyke Investments (Pvt) Ltd, a Russian-Zimbabwean JV on a parity basis between the Russian Afromet JSC and the Zimbabwean Pen East (Private) Limited. During the past 8 months, Great Dyke Investments (Private) Limited has built a modern camp on site, including more than 6 km of roads, advanced core samples storage facility in line with international standards and over 2,000 m2 of accommodation and office areas. More than 120 employees (including contractors) reside and work in the camp. Investments into the project have exceeded the amount of US$ 50 million.
The Darwendale PGM Project operated by Great Dyke Investments (Private) Limited received the National Project Status and was specifically highlighted in the address of the Zimbabwean President Mr. Robert Mugabe on the occasion of the Independence Day.
Darwendale deposit, with the mineral resource potential estimated at 40 million ounces (1,400 tonnes) of 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 PGM.