1.1. Study approach
Ukwazi Mining Studies (Pty) Ltd (“Ukwazi”) conducted the mining section of the prefeasibility study (“PFS”) to define the mine configuration, technical and economic potential of the Morupule South coal project. This estimate type is used for the selection of technical options to proceed to a feasibility study and a Coal Reserve estimate. The estimate detail developed during this study is not adequate to allow for sufficient control during implementation. This study represented the most realistic assessment of the project’s capital requirement.