Eastern Platinum Limited · TSX:ELR
Eastern Platinum — Investor Presentation (September 2023)
26 slides from Eastern Platinum's investor presentation, September 2023
Slide 1: Advancing PGM Projects in South Africa
Advancing PGM Projects in South Africa September 2023 TSX:ELR | JSE: EPS
Slide 2: Forward Looking Statements
Forward Looking Statements The information contained in this Presentation is provided for informational purposes only and does not constitute an offer to sell, or This Presentation contains certain statements that may be “forward-looking statements” or “forward-looking information” within the the so
Slide 3: Eastplats Highlights
Eastplats Highlights Eastern Platinum Limited (Eastplats) owns, directly Legend N Bushveld Compl ex and indirectly, a number of platinum group metals Limpopo Opera tions 0 25 50 (PGM) and chrome assets in South Africa Proje cts Kilometres All Eastplats’ properties are situated within the Gauteng Bus
Slide 4: Leadership Team
Leadership Team MANAGEMENT Wanjin Yang Wylie Hui Haiying Wang Chief Executive Officer Chief Financial Officer & Corporate Secretary Vice President . . Mr. Yang is a senior. exploration geologist with over 30 years’ of Mr. Hui brings over 25 years of financial and operational experience to his Haiyin
Slide 5: Chrome & PGM Demand
Chrome & PGM Demand Chrome • Properties of chrome: hard and resistance to corrosion Clean energy technologies may impact • Common uses of chrome: kitchen appliances, food chrome & PGM market processing equipment, medical and dental tools, and clean energy technologies Source: International Energy As
Slide 6: Company History
Company History Tailings storage facility (TSF) CRM listed on the Mareesburg, Kennedy’s immediately financially viable. Johannesburg Securities Eastplats acquired a Vale/Spitzkop and CRM placed Zandfontein mine - economic viability Exchange (JSE) 69% stake in Barplats in care and maintenance depende
Slide 7: Our Assets
Our Assets CROCODILE RIVER MINE (CRM) KENNEDY’S VALE/SPITZKOP MAREESBURG • Located on the western limb of the BCX • Project is situated on the eastern limb of the • Property lies in the southern part of the • Approx. 70km north-northwest from BCX, covering 11,683 hectares eastern limb of the BCX, co
Slide 8: High-quality Chrome and PGM Project Pipeline
High-quality Chrome and PGM Project Pipeline Crocodile River Mine Retreatment Project - Chrome Retreatment Mareesburg Project - PGM Underground - PGM Main Plant • Remining Zandfontein tailings area to • Circuit D operations began Q4 2020 by • Circuit A to be commissioned during 2024 recover chrome p
Slide 9: Crocodile River Mine - Revenue & EBITDA
Crocodile River Mine - Revenue & EBITDA Revenue US$000s EBITDA US$000s 40,000 Chrome Revenue PGM Revenue EBITDA 12,000 10,000 35,000 8,000 30,000 6,000 PGM to account for 25,000 4,000 65% of Revenue by 2,000 2025-2026 20,000 - 15,000 (2,000) (4,000) 10,000 (6,000) 5,000 (8,000) - (10,000) TSX: ELR |
Slide 10: Chrome and PGM Production
Chrome and PGM Production Q2 2023 Total Project to Chrome production 2019 2020 2021 2022 (YTD) Q2 2023 (YTD) Total tailing re-mined Tonnes 1,778,525 2,328,732 2,504,777 2,548,785 1,247,014 10,416,096 Total chrome concentrate Tonnes 588,006 987,003 773,274 602,112 274,221 3,226,659 Recoveries of chro
Slide 11: Zandfontein Mine Facility Map
Zandfontein Mine Facility Map TSX: ELR | JSE: EPS 11
Slide 12: Zandfontein Plant & Equipment
Zandfontein Plant & Equipment TSX: ELR | JSE: EPS 12
Slide 13: Mineral Reserves
Mineral Reserves Mineral Reserves January 1, 2022 Delivered 4E grade 4E content tonnes kt g/t kg koz Proved 2,282 4.75 10,829 348 Probable 12,298 3.48 42,777 1,375 Total 14,580 3.68 53,605 1,723 Mineral Resources January 1, 2022 Mineral resource cut-off of 1.7 g/t 4E applied Geo Loss Mine Cut 4 E Gr
Slide 14: Zandfontein Underground Restart Plan
Zandfontein Underground Restart Plan 22-year Life of Mine Immediate minable stoping (proved) for 2 years with 10 Total stoping crews on average USD Item plus probable reserves on Mining Capital 4-5 level Total initial mining capital 11,700,000 Total initial plant capital 5,500,000 Total initial othe
Slide 15: Crocodile River Mine – Economic Highlights
Crocodile River Mine – Economic Highlights Chrome cashflow upside 90,000 4.50 1.7Moz 4E Reserves (Zanfontein) 80,000 4.00 US $1,502/oz (including TSF) 70,000 3.50 US $1,405/oz(excluding TSF) 60,000 3.00 Cost (4E)(AISC) Recovered Oz 50,000 2.50 Grade (g/t) US $202 m (including TSF) 40,000 2.00 US $18
Slide 16: PGM Prill Split Underground Model
PGM Prill Split Underground Model Industrial-driven, benefits from market demand and strong PGM metal price CRM UG2 reef Prill split 4E $4,500.00 Gold, 0.77% $4,188.97 Rhodium, 9.86% $4,000.00 $3,500.00 $3,159.72 $3,000.00 $2,335.21 $2,234.81 Palladium, $2,500.00 27.32% $2,000.00 $1,500.00 $1,000.00
Slide 17: Cost Curve – Milled Tonnes
Cost Curve – Milled Tonnes ZAR1,997 / milled t ($1,405 / oz 4E) CRM Source: Minxcon TSX: ELR | JSE: EPS 17
Slide 18: Zandfontein – Ounces Profile
Zandfontein – Ounces Profile Source: Minxcon TSX: ELR | JSE: EPS 18
Slide 19: Processing – Plant Flow Diagram
Processing – Plant Flow Diagram TSF remaining DC Tank ore Concentrate Tailings Overflow Chrome Process water Lamela Cyclones Thickeners WHIMS plant tank Concentrate Drying Dry PGM Scavenger/ belts stacker Circuit B PGM Circuit D Tailings Concentrate PGM dispatch area Chrome Tailings Tailings concent
Slide 20: Engineering – Surface Infrastructure
Engineering – Surface Infrastructure Significant prior investment of over USD $526m and over Existing surface infrastructure: USD $106m since new leadership appointed in 2016. Water and power supply to the operation Total investment to date over USD $632m. is existing and has sufficient capacity
Slide 21: Engineering – Underground Infrastructure
Engineering – Underground Infrastructure Significant prior investment of over USD $526m and over Existing underground infrastructure: USD $106m since new leadership appointed in 2016 Total investment to date over USD $632m 4 level station 3 level pump station 3 level dam 4 & 5 level tips M
Slide 22: What Are We Doing Differently?
What Are We Doing Differently? Aspect Previous operations New design Advantage • More effective power • Higher penetration In-stope Drilling Handheld with compressed air Handheld with hydro power • Reduced noise • Reduced heat generation • Sticks • Timberless • Reduced logistics • 1.8m roofbolts • 2
Slide 23: High Safety Standards
High Safety Standards Committed to providing a safe working environment Zero Harm Safety Culture 1 million fatality free shifts as of August 2022 (over 9-year period) Hydropower and nets for support State of the art support design to improve efficiencies and ergonomics Modernised scraping sy
Slide 24: Social Labour Plan (SLP) - Going Beyond Mining
Social Labour Plan (SLP) - Going Beyond Mining Local employment Stakeholder forums SMME business development This project creates In place and operating well Currently in place. Have trained 56 local through the assistance of businesses in tendering, financial at least 1,400 jobs local government ma
Slide 25: Catalysts
Catalysts Outlook Share Capitalization (as of August 11, 2023) • Updated CRM economic study Exchanges (TSX | JSE) ELR | EPS Shares outstanding 201.9M • Zandfontein underground initial restart Warrants (avg. price $0.24) 5.9M commenced Options (avg. price $0.17) 7.0M • Start re-support tunnel work Fu
Slide 26: Thank You
THANK YOU Eastern Platinum Limited T: 604 800 8200 F: 604 2104516 info@eastplats.com www.eastplats.com For investor relations inquiries, T: +27 (0) 12 381-1800 contact: Vancouver South Africa Wanjin Yang, CEO 1080 – 1188 West Georgia Crocodile River Mine Wylie Hui, CFO and Corporate Street Zandfonte
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