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| Unlocking value is based upon: |
- Potential inherent value indicated by the group’s existing geological data and/or initial investigations;
- Vastly different market conditions compared with previous decades (when the projects were last assessed), as reflected in the broad-based and ongoing strength in the commodity price cycle;
- Development of new and enhanced exploration techniques to prove and mine reserves; and
- New mining legislation in South Africa that accommodates smaller scale empowered mining operations.
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