Jubilee Metals Group Plc · LSE:JLP
Jubilee Metals — Jubilee Platinum — Investor Presentation (June 2011)
24 slides from Jubilee Metals's investor presentation, June 2011
Slide 1: Jubilee Platinum Presentation
Jubilee Platinum Presentation PLATINUM MINE TO METAL COMPAN NY Private and confidential
Slide 2: Disclaimer
Di l i Disclaimer IMPORTANT NOTICE No representation or warranty, express or impplied, is given by Jubilee Platinum plc, as to the fairness, accuracy or completeness of the information or opinions contained in this document and no liability wh hatsoever is accepted for any loss howsoever arising fro
Slide 3: Corporate Facts
C Corporate t Facts F t Listed on London n’s AIM and the JSE • Traded on AIM and quoted on the JSE E Limited • Number of shares in issue: 256,536,0992 • AIM : JLP • JSE Limited: JLB • Main country of operation: South Africa Major Shareholders M&G INVESTMENT MANAGEMENT 14.83% JPMORGAN ASSET MANAGEMEN
Slide 4: Introduction to Jubilee Platinum
I t d ti tto J Introduction Jubilee bil Platin Pl tinum (“Jubilee”) (“J bil ”) Jubilee is a platinum-ffocused mining & exploration company with wi world ld class l platinum assets These platinum assets are enhanced by Jubilee’s exclusive proccessing ability of chrome-containing platinnum concentrate
Slide 5: Jubilee Platinum Business Focus
Jubilee Platinum ((“Jubilee”) Jubilee ) Business Focus Establish Jubilee as a signiificant producer of platinum group metals (PGM M’s) in the medium term by capitalizing on its exclusive e access to industry leading process sing technology AIM: JLP JSE: JB BL 5 Private and confidential
Slide 6: Execution of Jubilee's Business Focus (Mine to Metals Company)
Execution of Jubilee Jubilee’ss Busine ess Focus (Mine to Metals Company) • Jubilee is executing its business strategy to become a significant platinum producer by implementing the full meta als value change. (Mine to Metals Company) Exploration Mining Processing • Jubilee s business strategy is und
Slide 7: ConRoast process unlocking the Platinum in Platinum bearing chromite reefs
ConRoast process unlocking the Platinum i Platinum in Pl ti bearing b i chromite reefs 7 Private and confidential
Slide 8: ConRoast
CONROAST Processing Graphite electrode Off-gas port Feedp port Refractory brick Water- W co ooled shell Slag Metal Tap-holes Anod de 8 Photos Mintek Private and confidential
Slide 9: Why ConRoast?
Wh ConRoast? Why C R t? Processing • Proven process fully operable process able to safely and efficiently smelt platinum concentrates containing high chrome • Change from low to high chromite ore is a threat to current platinum smelting process viability • Ore previously mined for chromite conttent
Slide 10: ConRoast - acquisition of smelting site - Middelburg Facility
ConRoast - acquisition q of sme elting g site – Middelburg Facility Processing • Existing smelting infrastructure purchased d for commercialisation of ConRoast • Site with infrastructure,, power p supply pp y and d environmental permits p • 10 MW from own Sasol-gas driven genera ator and 6MW from Es
Slide 11: Expansion of Middelburg Smelting Facility
E Expansion i off Middelburg Midd lb Sm Smelting lti Facility F ilit Processing • d commissioning activity 21st June 2011 New 5 MW AC arc furnace commenced • Additional capacity to process 2400 tpm m of feed • Processing facility now able to make po ositive cashflow contribution to Jubilee with expe
Slide 12: Jubilee's Processing Ability
J bil ’ Processing Jubilee’s P i Ability Abilit Processing Actual '000 Budget ' 000 Smelting Capacity Required for Prof GBP 415 000 3800 tpm 2800 tpm 1300 tpm Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 12 Private and confidential
Slide 13: Jubilee's Platinum Mining & Exploration Assets
Jubilee’s Platinum Mining & Exploration Assets 1 Private and confidential 3
Slide 14: Exploration & Mining
PLATINUM MINE TO METAL C Company Exploration & Mining Exploration & Mining Tjate Platinum Project • Attributable 16Moz 6PGE*+Au (SAMREC Code e), first mine area • Attributable 44Moz 6PGE+Au (targeted over to otal area area**)) • Excellent PGM’s grade contained in both UG2 and a Merensky reefs • Mini
Slide 15: The Bushveld Complex
Th B The Bushveld h ld CComplex l Exploration & Mining Jubilee properties (not to scale) N Northern Limb Eastern Limb Western Limb Tjate Bokfonteiin Middelburg Elandsdrift Chemstof Map p reproduced p with permission p of Johnson Matthey y 15 Private and confidential
Slide 16: Tjate, the world's largest undeveloped block of defined platinum ore
Tjate, the world’s largest undeveloped block of defined platinum ore 1 Private and confidential 6
Slide 17: Tjate - World Class Platinum Project
Tjate - World Class Platinum Project location and project area • Three contiguous farms 5,143ha • Down dip of Implats’ Marula and Angloplats’ Twickenham T mines • Merensky grade 4.7g/t (3PGE+Au) over 110 cm reef thickness (SAMREC) • UG2 grade 5.7g/t (3PGE+Au) over 124 cm reef thickness (SAMREC) • Pr
Slide 18: Phase 2 of Feasibility Study
Ph Phase 2 off Feasibility F ibilit St Study d • Stage 1 In-fill drilling confirms reef continuity - all 9 infill holes intersected reef • In excess of 70 bore holes drilled to date • Merensky grade confirmed - Exceptional UG2 grrade and increased thickness seen • I t Interpretation t ti off results
Slide 19: Tjate scoping study on initial development
Tj t scoping Tjate: i study t d on iinitia itiall development d l t Key assumptions – Initial development (15% of total re esources – Merensky only) ROM grade 5.0g/t (3PGE+Au); 0.22% Ni; 0.1 13% Cu Resource 47m tonnes from 600m to 1,100 1 100 0m Production 335,000 oz per annum (3PGE+A Au) Life of Mi
Slide 20: Platinum Bearing Chromite Reefs
Platinum Bearing Chromite Reefs 2 Private and confidential 0
Slide 21: Platinum Bearing Chromite Reefs: at & near surface opportunities
Platinum Bearing Chromite Re eefs at & near surface opportunities • Jubilee holds a strategic competitive ed dge in its ability to unlock the platinum value in chromite ores (lower group (“L LG”) & middle group (“MG”) reefs) • LG & MG reefs traditionally mined onlyy for chromite content in reef (Sam
Slide 22: Platinum Bearing Chromite Reefs: at & near surface opportunities
Platinum Bearing Chromite Re eefs at & near surface opportunities • Jubilee has signed a MOU to acquire operating o chrome mining and beneficiation plant. • Currentlyy pprocessingg 55 000 tpm p ofo chrome ore and p producingg 15 000 tpm p of saleable chrome concentrate • Tailings from chrome benefic
Slide 23: Platinum Bearing Chromite Reefs: at & near surface opportunities
Platinum Bearing Chromite Reefs R at & near surface opportunities Saleable Cr Primary Cr concentrate Separation PGM Floatation Cr Ore Feed Cr Tailings Tails Seccondary Cr Sepparation Platinum Saleable Cr Concentrate concentrate High Grade DC Arc Platinum /Fe Alloy 23 Private and confidential
Slide 24: Jubilee a unique investment opportunity
J bil a unique Jubilee i investment i t t opportunity t it • Jubilee holds world class Platinum assets in its portfolio • Jubilee’s Jubilee s assets combine both shorrt-term cashflow generation with long term world class platinum mining venture • J bil ’ h Jubilee’s holds ld a competitive titi advan