Bushveld Minerals is pleased to present a summary of a Scoping Study for the development of its Mokopane Tin Project located on the northern limb of the Bushveld Complex (the “Scoping Study”). The Scoping Study incorporates a simple process design based on closed circuit multi-stage gravity separation, followed by small-scale flotation and electrostatic separation, and smelting to produce high purity metal. Bushveld is pleased that, as such, the Project’s parameters are in line with its criteria for the development of its projects, being: low cost curve positioning, a proven path to near-term production, low capital expenditure and scalability. The Company also announces the outcome of its technical due diligence conducted for the potential acquisition of The Zaaiplaats Tin Tailings Dump (“the Zaaiplaats Dump”). Bushveld has elected not to pursue this acquisition on account of the unsatisfactory results of the due diligence exercise with the realizable size and grade of the tin resource contained in the Zaaiplaats Dump as well as the realisable recoveries inadequate to meet the company’s acquisition criteria. Accordingly the Zaaip
laats Dump is excluded from the scoping study reported herein.
