Company Information for Nkwe Platinum Limited

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ASX; NKP View full financial data

Company Statement

Nkwe’s strategy is to add substantial shareholder value through the acquisition, exploration, development and commercialisation of Platinum Group Elements (PGE) and associated base metal projects in the Bushveld Complex of South Africa.

Mission
To become a leading platinum producer which mines, refines and markets platinum products to contribute significantly towards shareholder wealth, employee satisfaction and community development.

Current Operations

Nkwe recently announced a JV with Xstrata covering Tubatse and Garatau. Key points of the deal include:

• Xstrata option payment of US$10M
• Xstrata has option to acquire a collective 50% participating interest in the Properties from Nkwe and Genorah. Ultimate transaction to result in Nkwe and Xstrata each holding a 50% participating interest with Genorah holding approximately 65% of Nkwe’sissued capital (fully diluted).
• The Option is exercisable at Xstrata’s election following the completion of the BFS scheduled for completion in Q4 2009.
• If the Option is exercised, Xstrata will fund the total development cost of the Properties with the construction of 2 underground mines (both reefs) and associated concentrator facilities (approx US$1.5Bn).
• JV partners will undertake feasibility study for the developmentof downstream processing capability to develop a vertically integrated mine tomarket business.
• The proposed 50:50 JV will include any contiguous properties currently (or in the future) controlled by Nkwe or Xstrata. 

Geographical Spread

South Africa

Board of Directors and Key Management

Maredi Mphahlele	Managing Director
Tony Weber	Executive Director
Mxoleli Nkuhlu	Non-Executive Director
Peter Landau	Executive Director & Company Secretary
Mokganyetsi "Staff" Sithole	Director & Company Secretary
Sharif Pandor	Non Executive Director
Andre van der Merwe	Project Manager

Company Address Level 3, 1 Havelock West Perth, Australia WA 6005 Telephone: +61 (0) 89488 5220 Facsimile: +61 (0) 89324 2400 Email: info[at]nkweplatinum.com Website: http://www.nkweplatinum.com

Additional Address/Key Contact REGISTERED OFFICE Clarendon House 2 Church Street Hamilton HM11

Capital 151,143,903 fully paid ordinary shares

Year End 30 June

Nominated Brokers Mirabaud Securities

Nominated Advisors RFC Corporate Finance Limited

Broker/Analyst Reports

17/09/08 - RBC Captial Markets
02/08/08 - Mirabaud Mining Weekly
13/02/08 - Argonaut Securities Limited

Major Shareholders

Doull Consolidated Limited	63,000,000	34.10
ANZ Nominees Limited	36,874,866	19.96
CS Fourth Nominees Pty Ltd	9,262,112	5.01
CS Fourth Nominees Pty Ltd	5,159,593	2.79

Related News

10/12/09 - Xstrata Lines Up Behind Nkwe Platinum, As A Development Decision Appears Imminent
05/08/09 - Nkwe Platinum Announces A Major Increase In Resources, But An Update On The Xstrata Joint Venture Is Not Forthcoming

Most Recent Statement

11/12/09 - Capital Raising
24/11/09 - Director and Joint Company Secretary Appointment
08/10/09 - Nkwe and IGC finalise sale of IGC’s 15% interest in Tubatse Project
01/10/09 - Full Year Statutory Accounts 2009
04/09/09 - COMPANY PRESENTATION
02/09/09 - IGC: Corporate Update