Afarak Group reports it has commenced bulk sampling at its Vlakpoort open-pit mine in South Africa. The total open-pit measured, indicated, and inferred resources are estimated at 1,9 Mt of chromite, with a life of mine for the open pit of five years. The company expects to ramp up to full production in 2016, once the submitted mining right has been approved.
The mine is located on the Farm Vlakpoort 388KQ, close to the town of Northam in Limpopo Province. Afarak acquired the Vlakpoort property and prospecting surface right in 2013.
Afarak Group is a chrome mining and minerals producer focused – it says – on delivering sustainable growth with a speciality alloys business in southern Europe and a ferro alloys business in Southern Africa. Apart from Vlakpoort, its assets in Southern Africa include the Stellite chrome mine, the Mecklenburg mine and the Mogale Alloys processing plant in South Africa and the Waylox mine development project in Zimbabwe. The Group is listed on NASDAQ Helsinki and on the LSE.
