Mineral Resources and Mineral Reserves Statement
Report fraud, corruption, misconduct and unethical behaviour.
South Africa 0800 005 314
Zimbabwe 0772 161 630
Impala Canada 1-866-921-6714 (toll free) or email Impalacanada@integritycounts.ca
Alternatively, direct your complaint to
Michelle Snyders, Implats Group Internal Audit Forensic, at +27 82 304 4598 or email michelle.snyders@implats.co.za
For more information on how we handle reports and protect whistleblowers, please review our Fraud, Corruption and Whistleblowing policy
The Mineral Resource and Mineral Reserve Statement as at 30 June 2026 reflects the benefit of the positive long-term pricing outlook for the significant PGMs Implats produces, as well as the capital investment in material projects in the period under review.
The attributable Group Mineral Resource estimate decreased by 6.3Moz 6E to 308.7Moz 6E and the attributable Group Mineral Reserve estimate increased by 4.7Moz 6E to 53.8Moz 6E.
Group operations
| Key features | Summary |
| Operations | Six mining and processing operations plus Impala Refining Services (IRS) |
| Combined production FY2026 | 33.8 million tonnes milled |
| Locations | Bushveld Complex (South Africa), Great Dyke (Zimbabwe), and Canadian Shield (Canada) |
| North West province, South Africa | Impala Rustenburg and Afplats |
| Limpopo province, South Africa | Marula, Two Rivers and the Waterberg joint-venture project |
| Mashonaland West province, Zimbabwe | Zimplats |
| Midland province, Zimbabwe | Mimosa |
| Ontario province, Canada | Lac des Iles |
| Attributable estimates | 2026 | 2025 | 2024 | 2023 | 2022 | |||
| Mineral Resources* | Moz Pt | 152.1 | 155.2 | 156.3 | 127.1 | 128.2 | ||
|---|---|---|---|---|---|---|---|---|
| Moz Pd | 95.4 | 97.4 | 97.4 | 85.4 | 87.7 | |||
| Moz 3E | 259.6 | 264.7 | 266.1 | 223.3 | 227.7 | |||
| Moz 4E | 277.2 | 283.0 | 284.2 | 237.7 | 242.4 | |||
| Moz 6E | 308.7 | 315.0 | 316.5 | 262.7 | 268.6 | |||
| Mt | 1 977.6 | 2 021.7 | 2 031.4 | 1 800.2 | 1 834.6 | |||
| Mineral Reserves | Moz Pt | 26.6 | 24.2 | 26.3 | 24.3 | 25.5 | ||
| Moz Pd | 17.0 | 15.7 | 18.0 | 18.4 | 19.7 | |||
| Moz 3E | 45.9 | 42.2 | 46.7 | 45.3 | 47.8 | |||
| Moz 4E | 48.8 | 44.7 | 49.6 | 48.0 | 50.7 | |||
| Moz 6E | 53.8 | 49.1 | 54.6 | 52.5 | 55.7 | |||
| Mt | 480.2 | 441.5 | 489.7 | 506.0 | 528.2 |
* Mineral Resource estimates are inclusive of Mineral Reserves.
Hover over a row in the table to the left to populate this graph
Overall, the attributable Group Mineral Resource estimate decreased by 6.3Moz to 308.7Moz 6E. Impala Rustenburg accounts for 44% of the Group’s Mineral Resource base, Zimplats accounts for 31%, and the balance of 25% comprises Two Rivers, Marula, Mimosa, Lac des Iles, Afplats and Waterberg.
as at 30 June 2026 (%)
as at 30 June 2026 (variance Moz 6E)
Overall, the attributable Group Mineral Reserve estimate increased by 4.7Moz 6E to 53.8Moz 6E. Impala Rustenburg accounts for 47% and Zimplats for 41% of the attributable 6E Mineral Reserve estimate base and the balance of 12% comprises Two Rivers, Marula, Mimosa, and Lac des Iles.
as at 30 June 2026 (%)
as at 30 June 2026 (variance Moz 6E)