Bauba Resources Limited
BAU.JO
Johannesburg Stock Exchange41.00
ZAc
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Bauba Resources Limited
BAU.JO
(Johannesburg Stock Exchange)
Recent
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41.00
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ROIC.AI
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- Business
- Bauba Resources Limited (JSE: BAU) is a diversified mining and exploration company focused on chrome ore production and platinum group metals (PGM) development in South Africa. The company operates chrome mines including Moeijelijk, producing specialty concentrates such as foundry sand, chemical-grade over 46% Cr2O3, and metallurgical-grade over 44% Cr2O3; Kookfontein, featuring an 80 ktpm chrome spiral wash plant yielding metallurgical chrome concentrate primarily exported to China for stainless steel alongside PGM by-product credits, and a 30 ktpm PGM flotation plant under construction for commissioning in Q2 2025 targeting 1,500 ounces of 4E PGM monthly; and Naboom, a recent acquisition with high-grade opencast chrome resources of 31.1mt at 35.63% Cr2O3 and 1.99g/t 4E PGM. Bauba holds interests in the Bauba Platinum Project spanning approximately 14,390 hectares in the Bushveld Igneous Complex's eastern limb for PGM exploration, evaluation, and development; combined mineral resources total 71mt chrome at 32.86% Cr2O3 and 1.67g/t 4E PGM. Incorporated in 1986, formerly Bauba Platinum Limited until its name change in July 2019, headquartered at Building 11, Highgrove Office Park, 50 Tegel Avenue, Centurion, South Africa, and listed on the JSE since September 2010, Bauba conducts open-cast and underground operations primarily in Limpopo and North West provinces through outsourced service providers, prioritizing local community employment, B-BBEE compliance, and sustainable practices like roll-over mining rehabilitation. Recent developments include Raubex Group Limited's acquisition of a majority stake in January 2022, enhancing financial and operational capacity; Pelagic Resources' 22% holding with evergreen off-take for chrome and PGM; Naboom acquisition from Minmetals for ZAR100 million with water use license secured; MG chromitite seams mining commencement at Kookfontein mid-2023 following April 2023 licensing; and resource growth at Kookfontein to 35.3mt at 29.32% Cr2O3 via extensive drilling since 2021.