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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.