Bauba Platinum Provides Exploration Update

Mining Weekly reported Bauba Platinum said it has an inferred resource of 8.6-million ounces of platinum group metals (platinum, palladium, rhodium and gold) on its properties.

As quoted in the market news:

Based on these results, and on the assumption that the company could raise the additional funds required, Bauba was planning to explore the target resource area by the second quarter of 2014 with a view of converting the target resource to an inferred resource or better.

Of the current 4E platinum-group metals resource estimate, 60% of the total resource was attributable to Bauba.

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