Eastern Platinum Limited · TSX:ELR
Eastern Platinum — Investor Presentation (December 2021)
26 slides from Eastern Platinum's investor presentation, December 2021
Slide 1: Corporate Operational Presentation December 2021
We strive to be a responsible, value driven and innovative PGM / Chrome business to the benefit of all stakeholders Corporate Operational Presentation December 2021 Values – Zero-Harm, Integrity, High performance, Low cost & Growth
Slide 2: Bushveld Complex Properties
Bushveld Complex Properties Values – Zero-Harm, Integrity, High performance, Low cost & Growth 2
Slide 3: Experienced and Strong Team
Experienced and Strong Team Directors Management Diana Hu Wylie Hui Chief Executive Officer Chief Financial Officer & Corporate & Director Secretary George G. Dorin Director, Board Chair, Corporate Andrea Zhang Governance and Compensation Chief Operating Officer Committee Chair Michael Cosic Hanneli
Slide 4: Share Structure
Share Structure Stock Symbol TSX: ELR / JSE: EPS Share Price at Dec 13/2021 C$0.28 52 week high/low C$0.57 / C$0.265 Issued and outstanding 137,820,773 Stock options outstanding 5,340,000 Warrants outstanding 5,960,000 Fully diluted 149,120,773 Market capitalization C$38.6M Values – Zero-Harm, Integ
Slide 5: Overview – December 2021
Overview – December 2021 • Crocodile River Mine (“CRM”) transformed from care and maintenance to revenue generating from the Retreatment Project (remining Zandfontein tailings area to recover chrome) in December 2018 • PGM Scavenger Plant - Circuit D and PGM Main Circuit B (collectively, the “PGM op
Slide 6: Revenue and EBITDA
Revenue and EBITDA Source: Company Reports Values – Zero-Harm, Integrity, High performance, Low cost & Growth 6
Slide 7: Chrome and PGM Operations
Chrome and PGM Operations Crocodile River Mine (Zandfontein and Crocette ore bodies, Tailings) • Retreatment Project – Remining Zandfontein tailings area to recover chrome • Chrome Recovery Plant was commissioned in December 2018 • Optimization project on-going into 2022 • PGM Scavenger Plant - Circ
Slide 8: Zandfontein Overview Map
Zandfontein Overview Map Values – Zero-Harm, Integrity, High performance, Low cost & Growth 8
Slide 9: Zandfontein Tailings Storage Facility
Zandfontein Tailings Storage Facility Return and Storm water Facilities Area B1 Current Deposition Area Area C – future mining area Area B2 Current Mining Area Deposition Dam Area A Values – Zero-Harm, Integrity, High performance, Low cost & Growth 9
Slide 10: Zandfontein Plant and Equipment
Zandfontein Plant and Equipment Values – Zero-Harm, Integrity, High performance, Low cost & Growth 10
Slide 11: Retreatment Project - Resources
Retreatment Project - Resources Mineral resource estimate of 13,680,000 tons at an average grade of 20.72% chromium oxide Tonnage 3E PGE Pt Pd Rh Au Cr2O3 3E PGE Au Cr2O3 Category (Mt) (g/t) (g/t) (g/t) (g/t) (g/t) (%) (Oz) (Oz) (Mt) Measured 12.489 1.225 0.747 0.309 0.170 0.008 20.85 494,003 3,179
Slide 12: Retreatment Project
Retreatment Project • The Retreatment Project is a proprietary operation in South Africa which includes a combined hydro and mechanical remining method, magnetic separation applied to produce chrome concentrates, thus obtaining superior yield results compared to traditional gravity technology. • The
Slide 13: PGM Operation Summary
PGM Operation Summary • During 2020, the Company completed the refurbishment of the small- scale PGM circuit (previously the scavenger plant circuit) (“PGM Circuit D”). • The Company began operating the PGM Circuit D in Q4 2020 (following the mandatory general lockdown imposed by the Government of S
Slide 14: PGM Operation Summary (con't)
PGM Operation Summary (con’t) • The Company worked to optimize Circuit D in Q1 2021 to obtain higher levels of operation consistency and product quality. The optimized circuit re-commissioned in late March. • During April, the first production month following Circuit D’s recommissioning, the Company
Slide 15: Circuit B
Circuit B Values – Zero-Harm, Integrity, High performance, Low cost & Growth 15
Slide 16: Circuit D
Circuit D 16
Slide 17: Circuit D and B Production Data
Circuit D and B Production Data Dispatched to Impala (Project to Date) PGM Ounces Month1 Wet Tons Dry Tons Contained Dec-20 32.06 23.24 51.19 Jan-21 61.50 43.53 105.34 Apr-21 371.74 199.82 523.59 May-21 302.08 163.48 278.03 Jun-21 386.58 175.66 310.74 Jul-21 500.92 218.06 439.89 Aug-21 273.58 147.76
Slide 18: Operations Forecast
Operations Forecast Crocodile River Mine – Zandfontein section Retreatment Project (re-mining the tailings storage facility (“TSF”) to produce chrome concentrates) • Purchase of the Chrome Retreatment Plant to be considered and assessed the due date is 210 days after the date of issuing the commis
Slide 19: Operations Forecast (con't)
Operations Forecast (con’t) Crocodile River Mine – Zandfontein section (con’t) PGM Circuit D and PGM Circuit B (producing PGM concentrates from the tailings circuits following the above Retreatment Project) • PGM Circuit B commissioned in Oct 2021, to be followed by optimization in conjunction with
Slide 20: CRM Zandfontein Underground
CRM Zandfontein Underground • Mine Design completed with scope included: • Comparing all Mine Design scenarios and proposing the best option, taking in consideration safety, minimal ore dilution, and cost. • Designs on support and ventilation • Scheduling of currently available reserves from 3 to 5
Slide 21: Updated Mine Design & Schedule for Zandfontein
Updated Mine Design & Schedule for Zandfontein – 27 years of Mining (30m tons) Source: Company Reports Values – Zero-Harm, Integrity, High performance, Low cost & Growth 21
Slide 22: Update on Maroelabult property sale
Update on Maroelabult property sale • October 2019 - sale of the mining rights, immovable property, infrastructure and equipment • Consideration on closing: • $1,363,000 (ZAR 20 million) • Release of the rehabilitation obligation • Immediate transfer (November 2019) of the care and maintenance costs
Slide 23: Other Projects in the Pipeline
Other Projects in the Pipeline Mareesburg • Excellent opportunity to develop opencast mine • EA legal scan in process • The Company plans to continue work on an updated internal project assessment and then follow on with mine design study and technical review, environmental studies and amendments. S
Slide 24: Notice
Notice Page 1 of 2 The information contained in this Presentation is provided for informational purposes only and does not constitute an offer to sell, or the solicitation of an offer to buy securities. The information contained herein is not investment or financial product advice and has been prepa
Slide 25: Notice
Notice Page 2 of 2 This Presentation contains certain statements that may be “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws. Forward looking statements are statements that are not historical facts and are often, but not always, identifi
Slide 26: Thank you
We strive to be a responsible, value driven and innovative PGM / Chrome business to the benefit of all stakeholders Thank you Values – Zero-Harm, Integrity, High performance, Low cost & Growth
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