Platinum Australia Limited (PLA) is engaged in platinum and palladium exploration, development and production. Its projects include the Smokey Hills Project, the Kalahari Platinum Project (Kalplats), Kalplats area of influence (AoI) Project and the Stellex North Project. The Smokey Hills Project is located on the eastern limb of the Bushveld Complex on the farm Maandagshoek 254 KT, Mineral Portion four, which is in the Limpopo Province of South Africa, 300 kilometers north-east of Johannesburg. Kalplats is located 350 kilometers west of Johannesburg in the North West Province. The Stellex North Project covers an area of approximately 26 kilometers immediately to the north of AoI along the strike of the Greenstone belt. In September 2011, Bank of America Corporation ceased substantial holder in Platinum Australia Limited. As of March 21, 2012, Bank of America Corporation and its related bodies corporate ceased to be a substantial holder in the Company.