NKWE Platinum Ltd (fka NKWEF)

[ALERTS100%to10000%GAIN]

NKWEF~~Permitting
The company has a Mining Right over the Garatouw Project area, executed in January 2014. On 13
October 2016, the Company announced that it had received correspondence from the South African
Department of Mineral Resources (ìDMRî) in which a notice of intention to cancel the Mining Right
under section 47 of the Mineral and Petroleum Resources Development Act (ìMPRDAî) over the farm
Garatouw 282KT within the jurisdiction of the Greater Tubatse Local Municipality (ìNoticeî). In the
Notice, it was alleged that the Company failed to meet certain provisions of the MPRDA as well as the
terms and conditions of the Mining Right (refer ASX announcement dated 18 October 2016). The Notice
required the Company to make a presentation to the DMR as to why the mining right should not be
cancelled. This presentation was made to the DMR on 24 November 2016 with the submission of the
required documentation under the Notice being made on 30 November 2016. A formal decision is yet to
be made by the DMR on the withdrawal of the Notice however, the Company is confident that the
Notice will be withdrawn and the Company will continue to retain its 74% interest in the Garatouw
282KT Mining Right. On 4 December 2015, the Department of Environmental Affairs granted the environmental authorisation
for the Garatouw Mine. Grid power for mine operation will be supplied by the national energy regulator, Eskom. On 29 July 2016, the Company announced that Eskom was granted the Environmental Authorisation by the Department
of Environmental Affairs for the Garatouw Grid Power Project. Eskom is currently busy with land
acquisition and surveys for the 132kV lines and substation. Thereafter, a Budget Quotation will be
prepared and submitted to the Company. Grid power from ESKOM will not affect the start-up of the
Garatouw Grid Power Project. Construction power will be supplied by diesel generators with a capacity
of 5MVA which would be more than sufficient. The record of decision on the water use licence by the Department of Water and Sanitation is pending.

http://www.nkweplatinum.com/ReportPDF/2016%20Annual%20Report%20to%20Shareholders%20(pdf).pdf