Acquisition from Sibanye-Stillwater; Sibanye-Stillwater will become significant shareholder post-acquisition.
Sibanye-Stillwater Section 11 application for New Beisa made to Department of Mineral and Petroleum Resources (DMPR), approval by June 2027; Neo Energy application in preparation, approval by June 2027, completing acquisition.
Implementation assessment programme begun.
R&R Quantity Surveyors appointed Project Manager.
New Beisa is a brownfield uranium and gold project near Virginia in the Free State, developed around the existing Beatrix 4 Shaft Complex of Sibanye-Stillwater. It represents more than US$500 million in historical capital investment.
Profile
Deposit
Production Profile
The Node
Production Sequence
New Beisa Project Area
Resource Category
Gold
Uranium (U₃O₈)
Measured
Grade (g/t)
Mlbs
Grade (g/t)
Measured
0.40
3.20
8.50
1,100
Indicated
0.80
3.30
18.30
1,100
Measured Indicated & Inferred Totals
1.20
6.50
26.80
1,100
No items found.
Investing in South Africa’s Next Great Uranium Producer
