Share swap means Sibanye-Stillwater will unlock value
Sibanye-Stillwater has agreed to sell its South African Beatrix 4 shaft, which includes the Beisa uranium project, to Neo Energy for US$28 million . Sibanye-Stillwater placed the Beatrix 4 shaft on care and maintenance in 2023 primarily due to declining gold reserves and a depressed uranium price. The price has subsequently recovered, peaking at US$106/lb in January 2024.
23Mlb of contained U₃O₈ and with several large zones of well-mineralised and high-grade uranium occurring at both Beisa North and Beisa South at grades of up to 3,400ppm U₃O₈ and 2,200ppm U₃O₈, respectively.The Beatrix Reef, on Beisa South, contains inferred resources of 1.54Moz gold.
Beisa Gold Neo Energy Metals Sibanye-Stillwater
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