Platfields Limited, the Mpumalanga-based junior platinum explorer remains suspended on South Africa's JSE as the company is still unable to publish its interim results that were due in August 2014. Cash flow constraints have been cited as the major issue as the company had been unsuccessful in trying to secure funding for the group.
Platfields started operation in 2002 when it held prospecting rights for its two near-surface platinum group metals (PGM) projects on the Eastern Limb of the Bushveld Complex and one near-surface gold exploration project in the Transvaal Drakensberg Goldfields of Mpumalanga province.
The company has also struggled with the labour issues that have dominated the South African mining industry this year and coupled with the cash flow problem, this has also impacted the company's acquisition ability.
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