New Estimate Expands Mineral Resources at Ivanplats’ Platreef Project

Ivanplats Ltd. (TSX:IVP) announced its financial results for the first quarter of 2013, commenting that the mineral resources at its Flatreef deposit, which is located at the company’s South Africa-based Platreef platinum-palladium-gold-rhodium-nickel-copper project, have been expanded and upgraded by a new resource estimate.

As quoted in the press release:

At a 2.0-gram-per-tonne (g/t) 4PE cut-off grade, AMEC estimated that the Flatreef Deposit contains Indicated Mineral Resources of 214 million tonnes grading 4.1 g/t platinum, palladium, gold and rhodium (4PE), 0.34% nickel and 0.17% copper, containing an estimated 28.5 million ounces of platinum, palladium, gold and rhodium, 1.61 billion pounds of nickel and 794 million pounds of copper. At the same cut-off of 2.0 g/t 4PE, Inferred Mineral Resources total 415 million tonnes grading 3.5 g/t 4PE, 0.33% nickel and 0.16% copper, containing an estimated additional 47.2 million ounces of platinum, palladium, gold and rhodium, 3.0 billion pounds of nickel and 1.5 billion pounds of copper.

Click here to read the full Ivanplats Ltd. (TSX:IVP) press release.