JOGMEC actively carries out joint venture (JV) exploration activities with overseas national corporations and private metals companies, through satellite image analysis, geophysical exploration, geological and drilling survey. When obtaining promising result by those activities, JOGMEC’s position in the project may be transferred to Japanese companies.
Flow of JV survey implementation system
Major recent achievements
Waterberg JV project in South Africa
The Waterberg PGM Project is located in South Africa on the Northern Limb of the Bushveld Complex. The Joint Venture started in 2009, amongst JOGMEC, Platinum Group Metals (Head Office; Vancouver, Canada) and BEE partner Mnombo Wethu Consultants and made the discovery of the world class deposit in 2011. Following the further exploration and studies, we announced positive results from an Independent Pre-Feasibility Study in October 2016.
In October 2017, Impala Platinum Holdings Limited, one of the world’s foremost fully integrated producers of PGMs made a strategic investment in the Project and Impala will fully involve in Definitive Feasibility Study of the Project. Its participation will offer a clear potential roadmap to market for Waterberg production.
Scene of the drilling survey of the Waterberg JV project in South Africa
Cobar Superbasin JV project in Australia
Cobar Superbasin area is situated at the center of New South Wales Province, and is in the high mineral potential area. The Project is the Joint Venture with Peel Mining Limited (Head Office; Perth, Australia), started in 2014. Drilling holes intercepted copper mineralization, and another drill hole intercepted 17m @ 4.59% Cu, 8 g/t Ag, a possible down-dip extensions to the substantial copper mineralization of early drilling.
Mineralisation observed in core:WLRCDD043 depth 738.00–755.00m（17m） 4.59% Cu, 8g/t Ag, 0.01g/t Au
Drilling to confirm further extension to the copper mineralisation of this intercept is ongoing. Near surface mineralisation has also been intercepted in this drilling campaign. The exploration will continue to reveal the overall copper mineralisation, in horizontal direction and in depth, continuation, grade variation, and the shape of the deposit.