www.sibanyestillwater.com
MARKET RELEASE
Sibanye-Stillwater provides an update on the Blitz project
Westonaria, 15 September 2017: Sibanye-Stillwater is pleased to announce positive progress on
the development of the Blitz project at its US PGM operations in Montana.
Mineralised ore at the Blitz project has been intersected in a development end on the 5300 E
level and 10-stope block area of the project. Sampling of the ore intersection has confirmed a
grade of 2.3oz/ton (79g/tonne) over the full intersection width of the orebody, totalling 3.8 metres.
Proven and Probable reserve grades for the Stillwater mine, including the Blitz Project, as at
31 December 2016 were declared as 0.57 oz/ton (19.55 g/tonne).
All rock from this initial ore intersection is currently being stockpiled. Project development is
continuing, in order to establish the infrastructure required to commence with first production
from the Blitz project.
The Blitz project is a brownfields extension of the existing Stillwater Mine, which is expected to
increase production from the US PGM operations by approximately 300,000 2E ounces per
annum, once operating at a steady state (expected towards the end of 2021 to early 2022).
Furthermore, the increased production levels from Blitz are expected to reduce unit operating
costs of the Stillwater Mine.
Neal Froneman commented: “The Blitz project was recognised as an important driver in the
Stillwater transaction and the first intersection of the “JM Reef” in this area is an important
milestone. This has confirmed the geological modelling undertaken to date, and underpins our
confidence in the potential of this orebody.”
Contact:
James Wellsted
Head of Investor Relations
+27 (0) 83 453 4014
email: ir@sibanyestillwater.com
Sibanye Gold Limited
Trading as Sibanye-Stillwater
Reg. 2002/031431/06
Incorporated in the Republic of South Africa
Share code: SGL
ISIN – ZAE000173951
Issuer code: SGL
(“Sibanye-Stillwater”,”the Company” and/or “the
Group”)
Business Address:
Libanon Business Park
1 Hospital Street
(Off Cedar Ave)
Libanon, Westonaria, 1780
Postal Address:
Private Bag X5
Westonaria, 1780
Tel +27 11 278 9600