Notice of Results and Update

RNS Number : 9814R
Sylvania Platinum Limited
11 July 2022
 

   

 

 

 

 

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11 July 2022

 

 

Sylvania Platinum Limited

 ("Sylvania", the "Company" or the "Group")

 

 

Notice of Results and Production Update

 

 

Sylvania Platinum Limited (AIM: SLP) confirms it will announce its Fourth Quarter Report in late July 2022 and its Final Results for the year ended 30 June 2022 on Thursday, 8 September 2022.

 

Final results analyst presentation

 

The Company will be hosting an analyst presentation for its Final Results on the day at 09:30 BST; analysts are encouraged to register their interest by emailing   sylvania@almapr.co.uk .

 

Investor presentation

 

Sylvania's CEO Jaco Prinsloo and CFO Lewanne Carminati will also host a live investor presentation, via the Investor Meet Company platform, on 8 September 2022 at 12:00 BST.

 

The presentation will be open to all existing and potential shareholders. Questions can be submitted pre-event via the Investor Meet Company dashboard up until 09.00 BST the day before the meeting or at any time during the live presentation.

 

Investors can sign up to Investor Meet Company for free and include Sylvania Platinum Limited via https://www.investormeetcompany.com/sylvania-platinum-limited/register-investor Investors who have already registered and elected to meet the Company, will be automatically invited.

 

Production Update

 

The Group is pleased to report a strong finish to its financial year and has achieved the mid-range of its target production of 66,000 to 68,000 ounces for FY2022.

 

The Board is aware of sector wide headwinds impacting the wider market and carefully monitors macro-level trends to ensure that they can be carefully navigated. Domestically, it also notes the challenges created by loadshedding implemented by the National Power Utility, however the Group's performance in the full year highlights that it has not impacted production across the Sylvania Dump Operations.

 

Grasvally Sale Update

 

The Company is pleased to report that all of the conditions precedent for the sale of 100% of the shares in, and claims against Grasvally Chrome Mine (Pty) Ltd to Forward Africa Mining (Pty) Ltd ("FAM") have been fulfilled and the sale became unconditional as of 8 July 2022.  

 

 

CONTACT DETAILS

 

For further information, please contact:

 

Jaco Prinsloo CEO

Lewanne Carminati CFO

+27 11 673 1171

 

 


Nominated Adviser and Broker


Liberum Capital Limited

+44 (0) 20 3100 2000

Richard Crawley / Scott Mathieson / Kane Collings




Communications


Alma PR Limited

+44 (0) 20 3405 0208

Justine James / Josh Royston / Matthew Young

sylvania@almapr.co.uk

 

 

CORPORATE INFORMATION

 

Registered and postal address:

Sylvania Platinum Limited

 

Clarendon House

 

2 Church Street

 

Hamilton HM 11

 

Bermuda

 

 

 

SA Operations postal address:

 

PO Box 976

 

Florida Hills, 1716

 

South Africa

 

 

 

Sylvania Website : www.sylvaniaplatinum.com

 

 

About Sylvania Platinum Limited

 

Sylvania Platinum is a lower-cost producer of platinum group metals (PGM) (platinum, palladium and rhodium) with operations located in South Africa. The Sylvania Dump Operations (SDO) comprises six chrome beneficiation and PGM processing plants focusing on the retreatment of PGM-rich chrome tailings materials from mines in the Bushveld Igneous Complex. The SDO is the largest PGM producer from chrome tailings re-treatment in the industry. The Group also holds mining rights for PGM projects and a chrome prospect in the Northern Limb of the Bushveld Complex.

 

For more information visit https://www.sylvaniaplatinum.com/

 

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