What is Cape Zircon?
Cape Zircon is a greenfield heavy mineral sands project on South Africa's West Coast, at the exploration and study stage and not yet mining, with the intent of producing zircon, rutile and ilmenite concentrate. The project is currently developed by Panex and Buchuberg Resources.
Where is Cape Zircon located?
On the West Coast of South Africa, in the Western Cape Province, 30 km from Lutzville by tarred road and 70 km south of Tronox's Namakwa Sands mine. The Sishen-Saldanha railway passes through the project area.
How large is the Cape Zircon Mineral Resource?
901.4 million tonnes at 3.44% total heavy minerals (JORC, October 2026), of which 76% is Measured and Indicated. It contains about 3.6 Mt of zircon, 3.2 Mt of rutile and 11.8 Mt of ilmenite. Mineralisation remains open to the north and south of the current resource.
What does the Cape Zircon PEA show?
The September 2025 Preliminary Economic Assessment outlines a 27-year operation with US$194M capex, a US$766M pre-tax NPV and a US$556M after-tax NPV at 8% real, and a 51% IRR. These results are to be replaced by the Pre-Feasibility Study currently underway.
Who is behind Cape Zircon?
Panex, the exploration group whose team discovered Corridor Sands in Mozambique and Kwale in Kenya, and the local Sandveld exploration, logistics and legal team. Questco acts as corporate advisor.
How do I access the Cape Zircon data room?
Submit an expression of interest using the form on the Contact us page, or email capezircon@questco.co.za with your name, company and interest in the project. Questco will send you the EOI pack, which includes the non-disclosure agreement (NDA). Once your EOI has been approved and the NDA signed, you will receive your data room login.
