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.
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: |
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| Jaco Prinsloo CEO Lewanne Carminati CFO | +27 11 673 1171 |
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| Nominated Adviser and Broker | |
| Panmure Liberum Limited | +44 (0) 20 3100 2000 |
| Scott Mathieson / John More / Joshua Borlant | |
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| Communications | |
| BlytheRay | +44 (0) 20 7138 3204 |
| Tim Blythe / Megan Ray |
CORPORATE INFORMATION
| Registered and postal address: | Sylvania Platinum Limited |
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| Clarendon House |
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| 2 Church Street |
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| Hamilton HM 11 |
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| Bermuda |
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| SA Operations postal address: | PO Box 976 |
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| Florida Hills, 1716 |
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| South Africa |
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Sylvania Website: 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/
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