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GLOSSARY OF TERMS FY2025
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The
following definitions apply throughout the
period:
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3E PGMs
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3E ounces include the precious metal
elements Platinum, Palladium and Gold
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4E PGMs
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4E PGM ounces include the precious
metal elements Platinum, Palladium, Rhodium and Gold
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6E PGMs
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6E ounces include the 4E elements
plus additional Iridium and Ruthenium
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AGM
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Annual General Meeting
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AIM
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Alternative Investment Market of the
London Stock Exchange
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All-in cost
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All-in sustaining cost plus
non-sustaining and expansion capital expenditure
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All-in sustaining cost
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Production costs
plus all costs relating to sustaining current production
and sustaining capital expenditure.
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Attributable
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Resources or portion of investment
belonging to the Company
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BCM
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Bank cubic metres
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CLOs
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Community Liaison
Officers
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Company
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The purely equity holding entity
registered in Bermuda, Sylvania Platinum Limited, with its entire
share capital admitted on AIM.
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DMRE
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Department of Mineral Resources and
Energy
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EBITDA
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Earnings before interest, tax,
depreciation and amortisation
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EA
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Environmental
Authorisation
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EAP
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Employee Assistance
Program
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EDEP
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Employee Dividend Entitlement
Programme
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EEFs
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Employment Engagement
Forums
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EIA
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Environmental Impact
Assessment
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EIR
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Effective interest rate
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EMPR
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Environmental Management Programme
Report
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ESG
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Environment, Social and
Governance
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GBP
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Pounds Sterling
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GHG
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Greenhouse gases
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GISTM
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Global Industry Standard on Tailings
Management
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GRI
|
Global Reporting
Initiative
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Group
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The Company
and its controlled entities.
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IASB
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International Accounting Standards
Board
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ICE
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Internal combustion
engine
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ICMM
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International Council on Mining and
Metals
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IFRIC
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International Financial Reporting
Interpretation Committee
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IFRS
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International Financial Reporting
Standards
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Lesedi
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Phoenix Platinum Mining Proprietary
Limited, renamed Sylvania Lesedi
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LSE
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London Stock Exchange
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LTI
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Lost-time injury
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LTIFR
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Lost-time injury frequency
rate
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MF2
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Milling and flotation
technology
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MPRDA
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Mineral and Petroleum Resources
Development Act
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MRA
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Mining Right Application
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MRE
|
Mineral Resource Estimate
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Mt
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Million Tons
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NUMSA
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National Union of Metals Workers of
South Africa
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NWA
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National Water Act 36 of
1998
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PGM
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Platinum group metals comprising
mainly platinum, palladium, rhodium and gold
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PDMR
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Person displaying management
responsibility
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PEA
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Preliminary Economic
Assessment
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PFS
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Preliminary Feasibility
Study
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Pipeline ounces
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6E ounces delivered but not
invoiced
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Pipeline revenue
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Revenue recognised for ounces
delivered, but not yet invoiced based on contractual
timelines
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Pipeline sales adjustment
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Adjustments to pipeline revenues
based on the basket price for the period between delivery and
invoicing
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Project Echo
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Secondary PGM Milling and Flotation
(MF2) program announced in FY2017 to design and install additional
new fine grinding mills and flotation circuits at Millsell,
Doornbosch, Tweefontein, Mooinooi and Lesedi
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Revenue (by products)
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Revenue earned on Ruthenium,
Iridium, Nickel and Copper
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ROM
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Run of mine
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SDO
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Sylvania dump operations
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SHE
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Safety, health and
environmental
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Silly Season
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The 'Silly Season' campaign is
historically where a high number of accidents at mines are reported
during the last quarter of the calendar year. This period is often
challenging from a health and safety perspective and is commonly
known as 'Silly Season/ Critical Season'
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SLP
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Social and Labour Plan
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Sylvania
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Sylvania Platinum Limited, a company
incorporated in Bermuda
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Sylvania Metals
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Sylvania Metals (Pty)
Limited
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TCFD
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Task Force on Climate-Related
Financial Disclosures
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tCO2e
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Tons of carbon dioxide
equivalent
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Thaba JV
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Thaba Joint Venture
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TRIFR
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Total recordable injury frequency
rate
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TSF
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Tailings storage facility
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UNSDGs
|
United Nations Sustainability
Development Goals
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USD
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United States Dollar
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WULA
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Water Use Licence
Application
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UK
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United Kingdom of Great Britain and
Northern Ireland
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VAT
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Value Added Tax
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ZAR
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South African Rand
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Zero Harm
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The South African mining industry is
committed to the shared aspiration of achieving the goal of Zero
Harm, which aims to ensure that mineworkers return home from work
healthy and unharmed every day
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