| Sibanye-Stillwater (Tickers JSE: SSW and NYSE: SBSW) is pleased to report attributable Group Mineral Resources and Mineral Reserves as of 31 December 2024. |
| The declared Mineral Resources and Mineral Reserves for the Group's managed operations and projects are the outcome of a detailed annual operational and life of mine (LoM) planning process and are indicative of the considerable underlying mineral assets base which supports sustainable, long-life production. |
| CEO Neal Froneman commented: "We continue to grow and diversify our mineral asset portfolio in our preferred commodities. Our diversified portfolio, with its gold, underpin, has demonstrated its value during these times of lower PGM prices. This also supports the Group while we build on the company's strategy of producing green metals that will play a critical role in future energy solutions. In this regard, the 36.6% increase in attributable lithium Mineral Reserves at the Keliber lithium project and the 20.8% copper Mineral Resource growth at the Mt Lyell copper project are particularly pleasing." |
| This Mineral Resources and Mineral Reserves declaration represents a condensed and consolidated summary |
| of the full Sibanye-Stillwater Mineral Resources and Mineral Reserves declaration, which will be available in the Group Mineral Resources and Mineral Reserves Report. The report will be published on 25 April 2025 at www.sibanyestillwater.com/news-investors/reports/annual/. |
| 1. Salient features |
| - Stable 4E PGM Mineral Resources of 180.8Moz (-1.1%) and Mineral Reserves of 28.1Moz (-0.2%) at our SA PGM operations, which are positioned for profitability at current spot 4E PGM basket prices |
| - A highlight is the inclusion of the Siphumelele mechanised UG2 project Mineral Reserves (0.8Moz), demonstrating the value being unlocked through the acquisition of the remaining 50% interest in the Kroondal operations |
| - 2E PGM Mineral Resources of 79.1Moz (-9.9%) and Mineral Reserves of 19.0Moz (-27.8%) at our US PGM operations |
| - Sustained low 2E PGM spot prices during the year have necessitated an operational restructuring as well as a strategic shift in extraction strategy at the US PGM operations. In combination with a lower 2E LoM basket price assumption, this has impacted the operation's Mineral Resources and Reserves |
| - Gold Mineral Resources of 48.8Moz (-2.2%) and Mineral Reserves of 10.0Moz (-8.0%) at our SA gold operations and projects (including DRDGOLD) |
| - The reduction in Reserves is largely driven by depletion and geological changes at Driefontein |
| - A 36.6% increase in attributable lithium Mineral Reserves to 248kt of lithium carbonate equivalent (LCE) |
| - Informed by an updated Mineral Reserve estimate at the Keliber lithium project in Finland |
| - The new open pit LoM is now 18 years old, with the first lithium hydroxide production due in early 2026 |
| - Zinc Mineral Resources of 2,570Mlb (-14.4%) and Mineral Reserves of 1,218Mlb (-29.4%) |
| - Informed by the depletion of the tailings Mineral Reserve at the Century operation |
| - Copper Mineral Resources of 17,604Mlb (+116%) |
| - At the Mt Lyell copper project in Tasmania, Australia, an update to the Mineral Resource estimate has added 335Mlb of contained copper |
| - At the Altar project in Argentina, an update to the Mineral Resource estimate added 9,106Mlb of attributable copper Mineral Resources |
| - Uranium (U3O8) Mineral Resources of 59Mlb, unchanged year-on-year |
| - This excludes the pending completion of the Beisa (27Mlb) sales transaction with Neo Energy Metals Ltd (Neo), expected to close in early 2026, in exchange for R250m in cash and R250m in shares (40%) in Neo |
| For the full document, click the link below: |
| Sibanye-Stillwater Limited |
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