Karo Platinum granted a 25-year special mining lease

24 August 2026 — Karo Platinum (Private) Limited, the operating company for the Karo Platinum Project, signed a 25-year special mining lease with the Government of Zimbabwe.

The facts below are taken from the Tharisa plc regulatory announcement of 24 August 2026. They are published here so the official Karo Mining Holdings site carries the same record as the exchange announcement.

• Tenure: 25-year special mining lease
• Area: 23,903 hectares on the Great Dyke, Mashonaland West, Zimbabwe
• Open-pit reserve: 2.1 million ounces
• Mineral resource: 11.2 million ounces
• Phase 1 production: 226,000 ounces of PGMs a year
• First ore: second half of 2027
• Project ownership: Karo Mining Holdings 85%, Generation Minerals 15% (Republic of Zimbabwe, free carry)
• Karo Mining Holdings ownership: Tharisa plc 78.17% as at September 2025

Read the project page for geology, construction, and the mine plan, or the newsroom for earlier announcements.

Karo Platinum Project · News and media · Tharisa plc project page