Stratex Resources

Stratex Resources is advancing the feasibility-stage Kalahari Platinum (“Kalplats”) Project, a 6.29Moz 3E PGM deposit situated along the highly endowed western limb of the Kraaipan Greenstone Belt in South Africa’s North West Province. The project has a combined Measured and Indicated resource of 3.3Moz 3E at an average grade of 1.48g/t, plus a further 2.9Moz Inferred, and substantial resource expansion potential along strike and dip.

Kalplats was previously held by Platinum Australia and African Thunder Platinum, who advanced the development of the project through 1998-2014, culminating in a historical feasibility study and NI 43-101 technical report produced in 2014 and updated in 2020.

Kalplats is a low-risk, open-pit development with a planned 1.5 Mtpa operation, producing 90-100kozpa of 3E concentrate over a 12-year mine life. Prior feasibility work demonstrates compelling project economics, including pre-tax IRRs of 36–40% and NPVs of US$280–320M at prevailing metal prices. Additional upside is identified in metallurgical recovery optimisation, ore-sorting pre-concentration and potential Capex reductions via integration with nearby Kalgold mine infrastructure.

Stratex plans to complete an updated feasibility study in Q1 2026, positioning Kalplats for project financing and rapid transition into construction.

Management Profile

Brett Richards, CEO & Director

With over 38 years of extensive experience in the mining and metals industry, Mr. Richards is an accomplished mining executive with a proven track record in operational management, project development, construction, and corporate business development.

Mr. Richards has held several CEO roles and currently serves as a director on the boards of Nickel 28 Capital Corp., Goldshore Resources Inc. and Midnight Sun Mining. Throughout his career, Mr. Richards has demonstrated exceptional leadership in driving transformational change, leading mergers and acquisitions, and excelling in mine financing and development, particularly in Africa.

What are your key goals for the next 3, 6 and 12 months?

3 Months:

Advance the Feasibility Study Update

6 Months:

Finalise the Updated Feasibility Study & Technical Report

12 Months:

Secure a Development Partner & Advance Project Financing