Platinum and chrome production was affected after an unprecedented level of rainfall at the company's South African operations last year. The plan is to develop a mine with a 20-year life, and that produces around 150,000 ounces of platinum group elements in concentrate per year. This is fairly high-level stuff for a platinum project, and the kind of thing you don't see in many other parts of the world. It's not hard to see why Tharisa is committing to Karo, and not hard to see what success would mean either. First production is expected from Karo in 2024, but it wouldn't be surprising if the shares start moving long before that.

Source: Daily Mail January 31, 2023 03:33 UTC