AQP - Aquarius Platinum - Independent audit of Mine Support Methodologies
AQP
AQP
AQP - Aquarius Platinum - Independent audit of Mine Support Methodologies
Aquarius Platinum Limited
(Incorporated in Bermuda)
Registration Number: EC26290
Share Code JSE: AQP
ISIN Code: BMG0440M1284
INDEPENDENT AUDIT OF MINE SUPPORT METHODOLOGIES
Aquarius Platinum Limited ("Aquarius") announces that the results of an
independent audit of the hangingwall support methodologies employed across its
South African mines are now available on its website.
The audit was commissioned by Citigroup Investment Research & Analysis at the
instigation of Solaris Investment Management, an Australian-based shareholder of
the Company, and was carried out by Dr. Rimas Pakalnis of Pakalnis & Associates
Mining Engineers, an independent expert on rock mechanics and international
hangingwall support standards. Citigroup Investment Research & Analysis and
Pakalnis & Associates Mining Engineers have provided a copy of the report to the
Company, which is making the results available to investors.
In the conclusion to his report dated 29 April 2011, Dr. Pakalnis states that:
"The ground control program in place by AQP meets and in areas exceeds industry
standards (North America/Australia/World) in terms of identifying the potential
failure blocks and thereby supporting the block by "suspension loading" to
arrive at "Zero Harm" conditions. This has been developed by AQP consultant S.
Godden employing a methodical, analytical and numerical assessment incorporating
stress, structure and the rock mass at arriving at a safe and cost effective
mine strategic plan and should be considered as an industry standard."
The full report is available on the Aquarius website, www.aquariusplatinum.com.
For further information please contact:
In the United Kingdom
Gavin Mackay
+44 7909 547 042
In Australia: In South Africa:
Willi Boehm Stuart Murray
+61 8 9367 5211 +27 (0) 11 656 1140
20 July 2011
Sponsor in South Africa
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 20/07/2011 10:00:01 Produced by the JSE SENS Department.
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