This will be funded by a R100 million equity injection by the Bokamoso Consortium, and vendor funding for the remaining amount by way of preference shares issued by Bokamoso RF to Impala and IBR. The preference shares will be issued on commercial terms, with conditions typical for a funding structure of this nature. Implats selected Siyanda Resources as the lead empowerment partner due to its demonstrable track record as a pre-eminent strategic empowerment partner in the PGM sector, the experience of its executive and operational leadership, its standing, reputation and depth of relationships in the broader Rustenburg community, and its proven ability to raise funding to meet its participation obligations.