Impala Platinum Holdings Limited · JSE:IMP

Impala Platinum — Corporate Update (July 2003)

12 slides from Impala Platinum's corporate update, Jul 9, 2003

  1. Slide 1: Mimosa Mining Company – Implats Analyst Mine Visit

    Mimosa Mining Company Implats Analyst Mine Visit 8/9 July 2003 Welcome to Mimosa 1

  2. Slide 2: Mimosa history

    Mimosa history ƒ 1926 - 60oz extracted from oxides ƒ 1966 - 2 vertical shafts sunk – trial mining – 40 000 t processed ƒ 1971 - Operations suspended ƒ 1975 - Blore Shaft established – 90 000 t processed ƒ 1978 - Operations suspended 3 Mimosa history – cont. ƒ 1990 - Bulk sample to Mintek for test wo

  3. Slide 3: Safety statistics; quarterly tonnes hoisted

    Safety statistics ƒ NOSA 4 Platinum Stars Operation ƒ DIFR 1.01 ƒ Fatality 1 ƒ No of DIs 13 ƒ Team-based programme - HIRA, HAZOP and inter-company auditing ƒ NOSA STAR GRADING 5 4 3 2 1996 1997 1998 1999 2000 2001 2002 5 Quarterly ave of tonnes hoisted from 1996 to Q2 2003 Tonnes 285000 235000 18500

  4. Slide 4: Quarterly tonnes milled; Performance summary

    Quarterly ave of tonnes milled from 1996 to Q2 2003 Tonnes 255000 205000 155000 105000 55000 5000 1996 1997 1998 1999 2000 2001 2002 2003 2003 Ave Ave Ave Ave Ave Ave Ave 1st Qtr 2nd Qtr Actual Plan 7 Performance summary Year to Sept 02 Nine months to March 03 Tonnes milled 343 718 425 349 Concentra

  5. Slide 5: Financials – net sales turnover; Costs by major elements

    Financials – net sales turnover 18000 16144 15537 15168 14000 12545 10000 9450 7773 6000 3983 2000 1998 1999 2000 2001 2002 1st Qtr 2nd Qtr 2003 2003 Turnover '000 US$ 9 Costs by major elements Other 29% Power 5% Transport 5% Spares 7% Labour 26% Chemicals and Reagents 10% Drilling Expenses 3% Explo

  6. Slide 6: Metal production; Feed grade

    Metal production Metal Year to Sept 02 Nine months to June 03 Tonnes milled 343 718 713 012 Concentrate tonnes 10 476 21 748 produced Pt oz 16 043 32 338 Pd oz 11 795 22 656 Total 4e 31 228 61 828 Ni tonnes 438 817 Cu tonnes 354 737 11 Feed grade Description Oct 2002 - June 2003 Pt g/t 1.880 Pd g/t

  7. Slide 7: Labour productivity; Mineral resources

    Labour productivity Monthly rates of Oct 2002 - March 2003 June 2003 productivity (monthly average) Mining production 32 40 team centares/man Total mining 16 18 centares/man Mining team 186 241 tonnes/man Total mining 92 107 tonnes/man 13 Mineral resources ƒ South Hill, North Hill, Mtshingwe Block a

  8. Slide 8: The mining operation; Schematic stope and mine layout

    The mining operation ƒ General mine layout ƒ Underground services ƒ Ore body characteristics ƒ Well-defined grade profile ƒ Visible MSZ and grade control ƒ Shallow orebody – max. depth 204m ƒ Mining method ƒ Rock mechanics and ground control 15 Schematic stope and mine layout 16 8

  9. Slide 9: Mimosa grade profile; Mineral processing

    Mimosa grade profile 5 0.4 4.5 0.35 4 METAL DISTRIBUTION ACROSS THE 0.3 3.5 0.25 PGMs 3 g/t % BASE METALS 2.5 0.2 MSZ 2 0.15 1.5 0.1 1 0.05 0.5 Pt Pd 0 0 45 15 315 225 165 135 105 75 -300 -330 -360 285 255 195 -270 -30 -60 -90 -120 -150 -180 -210 -240 Ni Cu HEIGHT From Pt Peak (cm) 17 Mineral proces

  10. Slide 10: Simplified flow-sheet; Expansion summary

    Simplified flow-sheet Mining 2 Stage Milling 1357200 tpa Conveying to Surface Flotation Tailings Primary Crushing Filtration Secondary & Tertiary Crushing Road Transport Concentrate 40716 tpa 19 Expansion summary ƒ Capital cost US$38.1million ƒ Funding – US$30 million Implats equity – Operational fl

  11. Slide 11: Expansion – key parameters

    Expansion – key parameters Description Previous Current Capacity Capacity Milled TPD 1 008 4 050 Milled tonnes per year 343 718 1 427 500 Tonnes concentrate 10 476 42 825 produced 4e recovery 74.1% 80.59% 4e oz 31 228 137 984 No of employees 520 1 459 21 Expansion – key parameters Description Previo

  12. Slide 12: Mimosa … a viable world-class operation

    Mimosa … a viable world-class operation 23 Mimosa Mining Company Implats Analyst Mine Visit 8/9 July 2003 12

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