Venmyn Deloitte was commissioned by Delta Mining to perform an independent valuation of the Nsele mineral asset using the South African Code for the Reporting of Mineral Asset Valuation (SAMVAL Code). To this end, appropriate valuation methods will be used and the mineral asset will be examined on its merits and demerits. 


The preliminary economic assessment of the East Complex indicates that the HolGoun assets can support a profitable coking and steam coal operation for more than 30 years. The preliminary economic assessment of the east Complex is seen to yield a NPV at 10% real discount of ZAR1,920million (US$248million) with an IRR of 42%.

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