REG - Sylvania Platinum - ESG Report to 30 June 2024

Sylvania PlatinumAnnouncement

25/11/2024 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20241125:nRSY4865Na&default-theme=true

RNS Number : 4865N  Sylvania Platinum Limited  25 November 2024

 

 

 

 

 

 

25 November 2024

 

Sylvania Platinum Limited

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

 

ESG Report to 30 June 2024

Sylvania (AIM: SLP), the platinum group metals ("PGM") producer and developer with assets in South Africa, is pleased to release its Environmental, Social and Governance ("ESG") Report 2024, 'Sustaining Progress: Sylvania's Commitment to Responsible Growth', for the year ended 30 June 2024. The full report is available for download from the Company's website
www.sylvaniaplatinum.com (http://www.sylvaniaplatinum.com)
.

 

ESG Highlights

 * Doornbosch achieved 12-years Lost-Time Injury free in June 2024;

 * Doornbosch and Lannex recorded the significant milestones of being total
injury-free for three years and one year respectively;

 * No occupational illnesses were recorded in FY2024;

 * The Company's lost time injury frequency rate ("LTIFR") improved from 0.20 per
200,000 hours worked to 0.19 per 200,000 worked, which is both an improvement
from FY2023 and is a very low LTIFR by industry standards;

 * Sylvania contributed over 1.7 billion South African Rand to the South African
economy in FY2024;

 * Sylvania has implemented effective water management strategies; the additional
flow meters and collaborative efforts with host mines have enhanced water
monitoring and sustainable usage, including water recovery and recirculation;

 * The Company's well-defined ESG Framework includes actions to ensure it
monitors and measures the climate impact of its operations; longer term, this
will help the Company set measurable targets for global greenhouse gas
emissions; and

 * Significant progress has been made to find a sustainable, efficient, and
cost-effective way to rehabilitate tailings storage facilities.

 

CONTACT DETAILS

 

 For further information, please contact:
 Jaco Prinsloo CEO                             +27 11 673 1171

 Lewanne Carminati CFO

 Nominated Adviser and Broker
 Panmure Liberum Limited                       +44 (0) 20 3100 2000
 Scott Mathieson / John More / Joshua Borlant

 Communications
 BlytheRay                                     +44 (0) 20 7138 3204
 Tim Blythe / Megan Ray                        sylvania@BlytheRay.com (mailto:sylvania@BlytheRay.com)

 

 

 

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 (http://www.sylvaniaplatinum.com)

 

 

About Sylvania Platinum Limited

 

Sylvania Platinum is a lower-cost producer of platinum group metals ("PGMs")
(platinum, palladium and rhodium) with operations located in South Africa. The
Sylvania Dump Operations ("SDO") is comprised of six chrome beneficiation and
PGM processing plants focusing on the retreatment of PGM-rich chrome tailings
materials from mines in the Bushveld Igneous Complex ("BIC"). The SDO is the
largest PGM producer from chrome tailings re-treatment in the industry. In
FY2023, the Company entered into the Thaba Joint Venture ("Thaba JV") which
comprises chrome beneficiation and PGM processing plants, and which will treat
a combination of run of mine ("ROM") and historical chrome tailings from the
JV partner, adding a full margin chromite concentrate revenue stream. The
Group also holds mining rights for PGM projects in the Northern Limb of the
BIC.

 

 

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

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCFESSIIELSEEF