Palm Chrome

Overview

Sail was granted a prospecting right over the farm Palmietfontein on the Western Limb of the Bushveld Igneous Complex in February 2016 and has initiated preliminary prospecting.

The mine has at least 1 400 000 tons of high grade economically feasible opencast chrome ore. The prospecting permit covers an area of some 15km², 200km north-west of Johannesburg and 60km north of Rustenburg.

Exploration is at a preliminary stage, but the consistency of the chrome and platinum reefs in the area is expected to deliver high levels of confidence in exploratory drilling results.