Tharisa: Best quarter on record kicks off a transformative year

Tharisa, the platinum group metals (PGMs) and chrome co-producer has announces production results for the first quarter of FY2022.

First quarter highlights

Lost Time Injury Frequency Rate (‘LTIFR’) of 0.47 per 200 000 man hours worked
Quarterly production records set for processing volumes, PGM and chrome concentrate production
Tonnes milled at 1.43 Mt with a 10.1% increase in PGM rougher feed grade at 1.75 g/t and Cr2O3 ROM grade at 18.1%
PGM production of 47.7 koz, up 9.2% quarter on quarter (‘QoQ’), at an average PGM basket price of US$2 394/oz (ZAR36 897/oz)
Chrome production of 401.8 kt, up 1.5% QoQ, at an average metallurgical grade chrome price of US$161/t (ZAR2 471/t)
Vulcan Plant commissioning progressing well with hot tails feed from the Voyager Plant being processed, first production is expected in the second quarter as planned
Cash balance of US$79.1 million and a positive net cash position of US$24.4 million
Guidance for FY2022 is maintained at 165 koz to 175 koz PGMs (6E basis) and 1.75 Mt to 1.85 Mt of chrome concentrates.