Sylvania Platinum May Sell Grasvally Chrome Project

Industrial Metals

Mining Weekly reported that Sylvania Platinum Ltd. (LSE:SLP) is looking at selling its Grasvally chrome project during the 2016 financial year.

Mining Weekly reported that Sylvania Platinum Ltd. (LSE:SLP) is looking at selling its Grasvally chrome project during the 2016 financial year.
As quoted in the market news:

The platinum group metals (PGMs) producer expected to complete exploration at the Limpopo-based chrome operation in October, with the application for authorisation to mine the area to be pursued shortly thereafter.
Despite stating a year ago – and reaffirming on Monday – that Sylvania’s dump retreatment was a priority for the company and that it had “no intention” of becoming a chrome miner, it continued legal and geological activities at Grasvally, with an operational plan in the works.
Now, Grasvally, which had the potential to become a high-grade, low-cost, openpit chrome mine, would “most likely” be available for sale during the 2016 financial year, Sylvania chairperson Stuart Murray said on Monday.

Click here to read the full Mining Weekly report.

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