Valterra Platinum Limited · JSE:VAL
Valterra Platinum — Investor Presentation (March 2025)
27 slides from Valterra Platinum's investor presentation, March 2025
Slide 1: Mogalakwena Investor Visit: General Overview
PLATINUM Mogalakwena Investor Visit General Overview March 2025
Slide 2: Cautionary statement
[OFFICIAL] Mogalakwena Investor Visit Cautionary statement Disclaimer officers, employees and agents expressly disclaim any and all liability looking statements. These forward-looking statements speak only as (in negligence or otherwise) for any loss howsoever arising from any of the date of this pr
Slide 3: Key discussion points
[OFFICIAL] Mogalakwena Investor Visit PLATINUM Key discussion points • Mogalakwena senior leadership team • The industry’s most exciting endowment • Overview of Mogalakwena • Significant progress made towards zero harm • Building resilient communities • Operational excellence • Our people: driving o
Slide 4: Senior leadership team: guiding our future
[OFFICIAL] Overview of Mogalakwena PLATINUM Senior leadership team: guiding our future Open-pit mine Underground mine AAP concentrators Kobus van den Berg Stephan Nothnagel Lindani Ntombela Senior General Manager UG Exploration General Manager General Manager Project and Studies Concentrators Emanue
Slide 5: A world-class asset with upside through the underground
[OFFICIAL] Overview of Mogalakwena PLATINUM A world-class asset with upside through the underground Optimised open pit Blending open pit with higher Mill feed (Mt) 1 2 M&C produced, '000 oz operations grade underground ore 1,182 1,214 1,026 973 953 >1,000 +10–50% Concentrator capacity 10 0 2020 2021
Slide 6: Mogalakwena location
[OFFICIAL] Overview of Mogalakwena PLATINUM Mogalakwena location • A mine within communities • Mining rights spread over Bushveld Complex • Approximately 364k people around the boundaries of the mine • ~70% of our total Mogalakwena workforce is sourced from local communities • Part of Limpopo Provin
Slide 7: Mogalakwena: The industry's most exciting endowment
[OFFICIAL] Overview of Mogalakwena PLATINUM Mogalakwena: The industry’s most exciting endowment Mogalakwena Resource life Target cost position Potential future role Potential Future rolein inportfolio portfolio Prospecting right areas incorporated Reserve life Resource life Target cost position Pote
Slide 8: Where we will take you and what you will see
[OFFICIAL] Overview of Mogalakwena PLATINUM Where we will take you and what you will see 2 Central pit east viewpoint View Point 2 3 Equipment appreciation 3 Visit Rope Shovel 126 loading area 2 1 1 Central pit south viewpoint 4 4 North concentrator View Point 1 View Point 4 Open pit mine plan 7
Slide 9: Massive ore body amenable to bulk underground mining
[OFFICIAL] Overview of Mogalakwena PLATINUM Massive ore body amenable to bulk underground mining Mogalakwena’s mineral reserves exceeds Mogalakwena UG reef has higher 4E grades than the total PGM reserves of our peers in South Africa other mechanised assets in South Africa Reserves Resources Grade 4
Slide 10: Significant progress made towards zero harm
[OFFICIAL] Safety PLATINUM Significant progress made towards zero harm Reducing total injuries MTC LTI Safety milestones -77% 53 22 Million (>12 years) Fatal Free Shifts 45 25 20 19 16 14 1 14 13 12 12 9 8 11 3 11 18 3 11 2 3 1 11 3 Central Services 8 9 6 10 9 2015 2016 2017 2018 2019 2020 2021 2022
Slide 11: Mogalakwena achieved IRMA 50 certification
[OFFICIAL] Sustainability PLATINUM Mogalakwena achieved IRMA 50 certification IRMA: Independent, comprehensive assurance standard for all mined materials (excluding energy fuels), providing: 1 A global third-party assurance system for responsible mining, credibly measuring environmental and social i
Slide 12: Building resilient communities
[OFFICIAL] Sustainability PLATINUM Building resilient communities To be productive, safe, responsible and sustainable, Mogalakwena operation identified key factors and areas for development to create sustainable and resilient communities through Social Labour Plans 35 schools as beneficiaries Living
Slide 13: Revised mine plan unlocking key benefits
[OFFICIAL] Operational Excellence PLATINUM Revised mine plan unlocking key benefits Legend New mining strategy What did we do ? Medium term Prev. strategy Surface lease key benefits Pit optimisation Mining right Communities Total tonnes ~ 90 – 120 Mtpa • Mining north, targeting lower strip ratio cut
Slide 14: Open pit activity-based snapshot
[OFFICIAL] Overview of Mogalakwena PLATINUM Open pit activity-based snapshot Block prep Drill & blast Loading Hauling Crushing Concentrating 13
Slide 15: Improved drilling efficiency
[OFFICIAL] Operational Excellence PLATINUM Improved drilling efficiency Total drilled metres (km) Small rigs Big rigs Key highlights -7% 1,790 4% higher blasted tonnes with 1,664 Improved fragmentation 1,583 the same fleet size 696 990 748 Improved quality over speed • Quality of drilling Improved f
Slide 16: Load and haul efficiency
[OFFICIAL] Operational Excellence PLATINUM Load and haul efficiency Tonnes mined (Mt) Focus areas Contractors AAP +5% Short haul opportunities Minimise excessive shovel relocations (NWRD & Bundwall route by unlocking geometric compliant 85 85 reduction) loading faces 8 8 77 77 89 Stabilise noticeabl
Slide 17: Enabling shorter hauls for efficiency
[OFFICIAL] Operational Excellence PLATINUM Enabling shorter hauls for efficiency North pit hauling distance to dump site (km) -47% -41% -27% Northeast Ext 7.5 6.8 Blinkwater 2 5.5 North Pit 4.0 Blinkwater Dump Northeast Ext Dump Mothlothlo Dump North Waste Mothlothlo Rock Dump Blinkwater 1 Central P
Slide 18: Industry-leading concentrator capacity
[OFFICIAL] Operational Excellence PLATINUM Industry-leading concentrator capacity 1 2 3 4 Crushing Milling Flotation Concentrate handling Mogalakwena North Concentrator Mogalakwena South Concentrator • Commissioned in 2008 • Commissioned in 1993 • World’s largest PGM concentrator • 4.5 Mtpa throughp
Slide 19: Mogalakwena North Concentrator
[OFFICIAL] Operational Excellence PLATINUM Mogalakwena North Concentrator Simplified flow diagram Primary Crushing Secondary Crushing HPGR • Crushing circuit with primary gyratory crusher, secondary cone crushers and high-pressure grinding roll in tertiary crushing application • Three stage grinding
Slide 20: Mass pull reduction project
[OFFICIAL] Operational Excellence PLATINUM Mass pull reduction project Commissioning of Jameson cleaner circuit to reduce concentrate tonnes produced while maintaining recovery Improved Reduced Improved downstream energy Milestones metallurgical efficiency impact efficiency • C3 commissioning Mar 20
Slide 21: Sandsloot Underground
[OFFICIAL] Growth PLATINUM Sandsloot Underground Resource Exploration Large-scale Potential Future role in portfolio development plan decline mine The Sandsloot To date: 7km developed, Modular execution with resource was 33km underground scalability to deliver 4-6 g/t selected as the exploration dri
Slide 22: Sandsloot Underground Resource Confidence
[OFFICIAL] Growth PLATINUM Sandsloot Underground Resource Confidence Future Resource Total Development Strategy Inventory Resource-Driven Flexibility and Optionality 2025 Inventory Snapshot Drilling programs designed to maintain schedule Grade range: 4 – 6g/t 4E, supporting robust project agility an
Slide 23: Multiple decision points scale the Sandsloot Underground development pathway
Growth PLATINUM Multiple decision points scale the Sandsloot A Ramp up mining operation Underground development pathway Mill Feed (kt) 6,000 5,000 Investment in enabling B infrastructure 4,000 3,000 +10–50% Increase 2,000 in PGM Ounces 2024 1,000 -10–20% Decrease in AISC 0 C Scale to full potential
Slide 24: Our people: driving operational excellence
[OFFICIAL] People & Organisation PLATINUM Our people: driving operational excellence Compelling employee Strengthening technical Organisational profile Potential Future role in portfolio value proposition capabilities Skills development, and social responsibility makes us a long-term strategic inves
Slide 25: Closing
PLATINUM Closing Mogalakwena pit rope shovel and haul truck
Slide 26: A world class asset delivering resilient returns with multiple growth optionality
[OFFICIAL] Closing PLATINUM A world class asset delivering resilient returns with multiple growth optionality Assets Capabilities Growth Resource endowment supporting growth Operational excellence Sandsloot underground potential 86 years reserve Mining more with less +10-50% PGMs Blending open pit w
Slide 27: Thank you
PLATINUM Thank you Haul truck at Mogalakwena
Valterra Platinum — Investor Presentation (March 2025) on 6ix