By Anthony O. Goriainoff


Sibanye-Stillwater Ltd. said it recorded a 2022 maiden lithium mineral reserve of 193,600 metric tons of lithium carbonate equivalent, or LCE, and that its lithium mineral resources rose to 452,900 metric tons of LCE.

The precious-metals mining company said 2E platinum group metals--which include platinum and palladium--mineral reserves as at Dec. 31 were 26.3 million ounces and mineral resources of 84.2 million ounces after the reposition of its U.S. platinum group metals operations.

The company said the mineral reserves supported a 42-year life-of-mine, and that this in turn built up to 700,000 ounces of annual production by 2026. It added that the estimates reflected minor year-on-year decreases of 3.6% and 6.1% respectively, due to enhanced estimation methodologies "with considerable Mineral Reserve upside potential remaining, based on the very large Inferred Resource base of 44.8 million ounces."

Stable mineral reserves at its South Africa gold operations and projects were 12.9 million ounces, with mineral resources of 69.3 million ounces, representing a 7.2% fall, the company said.


Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com


(END) Dow Jones Newswires

02-17-23 0620ET