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Tharisa plc - Special Call
Seeking Alphaยท 2025-10-03 23:32
Core Viewpoint - The company is transitioning from open cast mining to underground mining as it depletes its open pit resources, which has been a planned strategy for several years [3]. Group 1: Transition to Underground Mining - The company has been an open cast miner for the last 15 years and is now moving to underground mining, starting with the west mine [3]. - This transition is seen as an opportunity to redefine resources, innovate, and empower future operations [3]. Group 2: Integrated Mining Vision - The company aims to unlock multigenerational value through a fully integrated mining complex, which includes the co-production of Platinum Group Metals and chrome concentrate [5]. - The company has remained profitable over the last 11 years despite facing volatile commodity markets and geopolitical challenges [5].